CIT agrees to sell stake in TC-CIT aviation joint ventures

Industry:    2017-03-11

Cit Group Inc

* Cit reaches agreement to sell stake in tc-cit aviation joint ventures

* Cit reaches agreement to sell stake in tc-cit aviation joint ventures

* CIT Group Inc – following this transaction, tc will be sole owner of entities

* Says following this transaction, tc will be sole owner of entities

* CIT Group Inc – tc-cit joint ventures were excluded from sale to avolon

* Cit Group – reached agreement to sell 30 percent ownership stake in commercial aircraft leasing joint ventures tc-cit aviation ireland, tc-cit aviation u.s., inc

* CIT Group Inc – agreement to sell stake in tc-cit aviation joint ventures to its joint venture partner tokyo century corporation

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