CIT Provides Financing for Medical Transport Helicopters

CIT’s aerospace, defense and government businesses provided financing for seven leased helicopters managed by Thora Capital.

The helicopters, which are used for emergency medical transport services, are on long-term lease to Apollo Medflight, which provides emergency transport services on behalf of regional and community hospitals in six states in the Midwest and the South.

“The helicopters play a critical role in quickly and effectively transporting sick and injured patients to medical facilities with specific capabilities to treat their conditions,” Russell Christopher, managing director at Thora Capital, said. “We were pleased to leverage CIT’s industry knowledge and expertise in this specialized sector to finance these assets.”

“Thora Capital is well known throughout the industry as an experienced investor in helicopters and other specialized transportation assets,” John Heskin, managing director and group head for CIT’s aerospace, defense and government business, said. “We worked closely with them to understand their objectives and develop the right financing package to meet their needs.”

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