Exhibit 99.1

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                                  Media Contact:       Kelley J. Gipson
                                                       Executive Vice President
                                                       Director of Marketing and
                                                       Corporate Communications
                                                       (973) 422-3235

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

                                                       Stephen Klimas
                                                       Vice President
                                                       Investor Relations
                                                       (973) 535-3769

                   CIT QUANTIFIES EXPOSURE TO DELTA AIR LINES

NEW YORK, NY, September 14, 2005 -- CIT Group Inc. (NYSE: CIT), a leading
provider of commercial and consumer finance solutions, disclosed its current
financing relationship with Delta Air Lines, Inc. Today, Delta 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 lease agreements, Delta has operating leases on two CIT-owned
aircraft plus three engines, as well as an equity position in a tax-optimized
leveraged lease on one aircraft. In addition, CIT has debt exposure against five
Delta aircraft.

CIT's total exposure, including secured financing in our Equipment Finance and
Vendor Finance businesses, is approximately $100 million. Management believes,
based on its current assessment of lease equipment carrying values, Delta credit
exposure, and corresponding reserves, that the Delta filing will not have a
material adverse impact on our financial results.



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 $60 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 and a component of the S&P 500 Index, holds leading positions in
vendor financing, factoring, equipment and transportation financing, Small
Business Administration loans, and asset-based lending. With its Global
Headquarters in New York City and Corporate Offices in Livingston, New Jersey,
CIT has approximately 6,000 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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