Amalfitano New CEO of Embraer Executive Jets Business Unit

Embraer appointed Michael Amalfitano as the president and CEO of its Executive Jets business unit. read more

Rush Enterprises 2016 Class 8 Sales Down 35.9%

In 2016, Rush Class 8 retail sales accounted for 5.5% of the total U.S. Class 8 market, compared to 6.7% in 2015. The company sold 10,816 Class 8 trucks in 2016, a decrease of 35.9% compared to 2015. read more

CG Commercial Finance Reports $80MM in Q4/16 Originations

CG Commercial Finance reported nearly $80 million in Q4/16 originations, with $35 million of those held on the company’s balance sheet. read more

OnDeck Reports Higher FY Net Loss as Provision Charges Double

OnDeck reported a net loss of $83.0 million for full-year 2016, up from a net loss of $1.3 million a year earlier. The company noted its provision for loan loss charges doubled from $74.9 million 2015 to $150 million in 2016. read more

Air Lease Enters Lease Placement of Airbus Aircraft with Air Mauritius

Air Lease entered into long term lease agreements with Air Mauritius for two new Airbus A330-900neo aircraft, outfitted with latest-generation Rolls-Royce Trent 7000 engines. read more

Penske Truck Leasing Debuts in Katy, TX

Penske Truck Leasing opened a new location in Katy, TX where it will offer full-service truck leasing, consumer and commercial truck rental and contract fleet maintenance services. read more

Waypoint Leasing Delivers H145 to Andes Air in Support of Mining Ops

Waypoint Leasing delivered an H145 on lease to Servicios Aéreos de los Andes (Andes Air), a Peruvian helicopter operator. read more

Monitor Office to Close in Observance of President’s Day

The Monitor and monitordaily office will be closed on Monday, February 20 in observance of President's Day. read more

CCG Acquires Manufacturers Capital Machine Tool Finance Business

Commercial Credit Group purchased the machine tool finance business of Manufacturers Capital, expanding into the machine tool and manufacturing industry. read more

North Mill Equipment Finance Names New CEO, Promotes Seven

North Mill Equipment Finance promoted seven to executive and management positions, including David Lee as chairman and CEO. read more

Equipment Finance Industry Confidence Takes a Step Back in February

Confidence in the equipment finance market is 72.2, leveling off after January’s all-time high index of 73.4, according to the Equipment Leasing & Finance Foundation’s February 2017 Monthly Confidence Index. read more

Pacific Western Launches Tax-Exempt Lending Group

Pacific Western Bank launched a Tax-Exempt lending group and hired Christopher Baron and Daniel Bronfman to lead the bank’s efforts in the government sector and non-profit sector, respectively. read more

Baycap Adds 25-Year Equipment Finance Veteran

Charles Davis, a 25-year veteran of the equipment finance industry, joined Baycap, a privately held commercial equipment lease and finance company located in Redondo Beach, CA. read more

GE Aviation’s Five-Year Investment in U.S. Operations Exceeds $4B

GE Aviation investments reached $4.3 billion in its expanding U.S. operations from 2011 to 2016 with another $1.1 billion invested in its international sites. read more

Investor Confidence in International Shipping Weakened in 2016

According to a report from Hellenic Shipping News, there was a collapse in orders for new ships as investors’ confidence in market prospects weakened at a staggering pace in 2016. read more

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