CIT might sell leasing divisions to raise cash, source says

07/24/2009 | Bloomberg · Wall Street Journal, The

CIT Group, which is striving to avoid bankruptcy, most likely will sell its division that leases rail cars, a source said. The lender identified several bidders that are potentially interested in the rail-car business. CIT is also considering selling its unit that leases aircraft, the source said, although no final decisions have been made.

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Bloomberg · Wall Street Journal, The