Exhibit 99.1

[LOGO] CIT

                                      Investor Contact: Valerie L. Gerard
                                                        Senior Vice President
                                                        Investor Relations
                                                        (973) 422-3284

                                      Media Contact:    Christopher J. Hardwick
                                                        Vice President
                                                        Director, Communications
                                                        (973) 597-2095

                      CIT QUANTIFIES EXPOSURE TO US AIRWAYS

New York, NY September 13, 2004 - CIT Group, Inc. (NYSE:CIT) today disclosed its
current financing relationship with US Airways. Yesterday, US Airways Group,
Inc. announced that the Company and certain of its subsidiaries had filed
voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy
Code.

Under existing agreements, CIT has operating leases where US Airways is the
lessee of two 737-300, CIT-owned aircraft, for a total net investment of
approximately $14 million.

About CIT:

CIT Group Inc. (NYSE: CIT), a leading commercial and consumer finance company,
provides clients with financing and leasing products and advisory services.
Founded in 1908, CIT has nearly $50 billion in assets under management and
possesses the financial resources, industry expertise and product knowledge to
serve the needs of clients across approximately 30 industries. CIT, a Fortune
500 company, holds leading positions in vendor financing, factoring, equipment
and transportation financing, Small Business Administration loans, and
asset-based lending. CIT, with its principal offices in Livingston, New Jersey
and New York City has approximately 5,800 employees in locations throughout
North America, Europe, Latin and South America, and the Pacific Rim. For more
information, visit www.cit.com.

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