CIT Aerospace to Lease B737 to Hamburg International Airlines.

Business Editors

NEW YORK--(BUSINESS WIRE)--Sept. 28, 2000

CIT Aerospace, a division of The CIT Group's Capital Finance unit (NYSE: CIT; TSE: CIT.U), today announced that Hamburg International Airlines, a German-based charter airline, will lease one Boeing 737-700 with CFM56-7B engines. The airline will take delivery of the aircraft in April 2001.

Hamburg International Airlines currently operates a fleet of two Boeing 737-700 aircraft for passenger charter services under contract from German tour operators. In addition to domestic routes, the airline services flights to various Mediterranean resort locations from smaller German cities such as Lubeck and Saarbrucken. Hamburg International, established in 1998, is a privately held independent airline.

"CIT Aerospace is excited to welcome Hamburg International Airlines as one of its customers," said C. Jeffrey Knittel, President, CIT Aerospace. "The airline is a dynamic representative of the growing charter business in Germany and in Europe as a whole."

"We look forward to receiving our next B737-700 from CIT to accommodate the business requirements of our customers," said Christoph von Saldern, Managing Director, Hamburg International. "We chose CIT for their reputation and years of experience in the aerospace industry."

About CIT

CIT Aerospace has more than 85 airline customers worldwide and a portfolio of more than 250 commercial aircraft from all major aircraft manufacturers. CIT Aerospace, a unit of Capital Finance, a CIT operating group, offers customized leasing and financing packages for new and used aircraft with a special focus on operating leases for commercial airlines worldwide.

Founded in 1908, The CIT Group is the world's largest publicly held commercial finance company, with over $50 billion in managed assets. For more information visit www.citaerospace.com.