News Topics

Aircraft Deals

AerCap Confirms Placement of Five Embraer E190-E2 Jets to Air Astana

AerCap confirmed placement of five Embraer E190-E2 jets to Air Astana, the national carrier of Kazakhstan. read more

Associations

ELFA to Hold Webinar to Present Findings of 2017 SEFA

The Equipment Leasing and Finance Association will host a free one-hour webinar to present findings of its 2017 Survey of Equipment Finance Activity on August 17, 2017. read more

Economy

Despite Drop in Activity, Non-Manufacturing Sector Grows in July 

According to the Institute for Supply Management, economic activity in the non-manufacturing sector grew in July for the 91st consecutive month. read more

Equipment Sector

Waypoint Agrees to First Lease Transaction in Colombia

Waypoint Leasing agreed to terms for the purchase and lease-back of one AW139 helicopter with Helicopteros Nacionales de Colombia. read more

Industry

AmurEF Enters $75MM Warehouse Credit Facility with Pioneers Gates

Amur Equipment Finance entered into a new $75 million warehouse credit facility with Pioneers Gates. AmurEF worked directly with Pioneers Gates, retaining no outside structuring agent for the agreement. read more

International

SQN Latina, KMEX Leasing Combine Leasing Services

SQN Latina and KMEX Leasing announced the combination of their leasing services. read more

Lease Accounting

Accruent Acquires Lucernex in Move to Support Adoption of FASB/IASB

Accruent acquired Lucernex in a move to boost its ability to provide advanced solutions for organizations in any industry seeking FASB/IASB compliant real estate and equipment lease accounting software. read more

Legal / Fraud

HSBC, UBS Settle U.S. Rate Rigging Litigation

Reuters reported that HSBC Holdings and UBS Group have each agreed to pay $14 million to settle private U.S. litigation accusing them of rigging an interest rate bench mark. read more

Mergers / Acquisitions

United Rentals Beats Out H&E to Acquire Neff

After terminating its acquisition by H&E Equipment Services, Neff Corporation entered into a definitive agreement to be acquired by United Rentals for approximately $1.3 billion. read more

New Ventures

Air Lease, Napier Park Establish Second Aircraft Leasing Joint Venture

A wholly-owned subsidiary of Air Lease entered into a joint venture with a co-investment vehicle arranged by Napier Park Global Capital for the purpose of investing in commercial aircraft leasing. read more

Of Interest

Wells Fargo Announces Board Changes; Duke to Succeed Sanger

Wells Fargo has taken a range of board refreshment actions, including naming Elizabeth A. Duke to succeed Stephen W. Sanger as independent chair. read more

People

Newstadt to Lead Blue Chip Leasing as Sole President

Blue Chip Leasing, a division of Chesswood Group, appointed Marcelle Newstadt as sole president. read more

Program Agreements

Hitachi Vendor Services Launches Financing Program for Autani

Hitachi Capital America Vendor Services joined forces with Autani to provide financing to customers of its EnergyCenter suite of building management products and services read more

Recent Earnings

Chorus Aviation Reports Solid Q2; Grows Regional Aircraft Leasing

Chorus Aviation reported Q2/17 adjusted net income of $26.7 million was up 22.3% from Q2/16. The company noted Chorus Aviation Capital is “quickly becoming a globally significant region aircraft lessor.” read more

Securitization

KBRA Classifies ECN Capital’s Rail Divestitures as Credit Neutral

Kroll Bond Rating Agency commented on ECN Capital’s announcement of definitive agreements to sell $1.49 billion, or approximately 65%, of its railcar assets to affiliates of ITE Management and Napier Park Global Capital. read more

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