Simpson Thacher Represents JPMorgan as Financial Advisor to CIT Group in Announced Sale of Commercial Aircraft Leasing Unit
10.14.16
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Simpson Thacher is representing J.P. Morgan Securities LLC as financial advisor to CIT Group Inc. in connection with its definitive agreement to sell CIT Commercial Air, its commercial aircraft leasing business, to Avolon Holdings Limited, the international aircraft leasing company and a wholly owned subsidiary of Bohai Capital Holding Co. Ltd, for $10 billion. The transaction is expected to close by the end of the first quarter of 2017, subject to regulatory approvals and customary closing conditions.
The Simpson Thacher team includes Caroline Gottschalk and Deepa Thimmapaya (M&A).