Aviation leasing company AerCap delivered the first of four new Airbus A330neo aircraft to a French long-haul airline Corsair, The remaining three aircraft are scheduled to deliver through 2024. read more
MAR 18, 2024 - 6:30 am
The Equipment Leasing & Finance Foundation celebrated a milestone in its new partnership with the W. P. Carey School of Business at Arizona State University in developing a first-of-its-kind equipment finance course curriculum. Twenty-four students are registered for the inaugural spring semester elective course focused on credit analysis and equipment leasing. read more
MAR 19, 2024 - 6:44 am
Commercial Chapter 11 bankruptcy filings climbed 118% year over year in February 2024, with the 822 filings during the month comparing to the 377 filings in February 2023, according to Epiq Bankruptcy. The sizable increase in commercial Chapter 11 filings in February was spurred by a large number of related filings in two large commercial Chapter 11 proceedings. read more
MAR 5, 2024 - 6:28 am
Many Canadian businesses are facing an uphill battle, as evidenced by a 41.4% surge in business insolvencies in 2023 when compared to 2022, according to the latest data from Equifax Canada’s Market Pulse Quarterly Business Credit Trends Report. read more
MAR 19, 2024 - 6:40 am
The Equipment Leasing and Finance Association’s recent webinar, “Building Inclusive Workplaces: You’ve successfully recruited a diverse workforce, now what?” focused on an exploration of diversity, equity and inclusion principles. read more
SEP 11, 2023 - 7:03 am
Many Canadian businesses are facing an uphill battle, as evidenced by a 41.4% surge in business insolvencies in 2023 when compared to 2022, according to the latest data from Equifax Canada’s Market Pulse Quarterly Business Credit Trends Report. read more
MAR 19, 2024 - 6:40 am
According to preliminary data from ACT Research, Class 8 same dealer used truck retail sales volumes increased 15% month over month in February. read more
MAR 15, 2024 - 6:56 am
Ellen Comeaux, who recently retired from her role as senior vice president and commercial division leader at EverBank, is the newest addition to Converge 2024’s panel. Other panelists include Bill Verhelle of QuickFi, Mike Jones of First Citizens Bank, Kelly Furia of DLL and Peter Hinssen, Converge 2024’s keynote speaker. read more
MAR 19, 2024 - 6:44 am
The Certified Lease & Finance Professional Foundation added 18 new CLFPs who recently passed the eight-hour online proctored CLFP exam. read more
OCT 9, 2023 - 7:11 am
Element Fleet Management established a centralized leasing function in Dublin and plans to create more than 70 new jobs in the process. The project is being supported by the Irish government through IDA Ireland. read more
FEB 22, 2024 - 6:43 am
Med One Group, a provider of medical equipment rental, leasing and sales solutions, entered a partnership with iMedical Equipment & Service, dba iMedical Healthcare Solutions, to provide hospitals with a single-source solution for all their equipment needs. read more
MAR 19, 2024 - 6:42 am
Results from the 2023 Global Lease Accounting Survey conducted by LeaseAccelerator, in collaboration with Ernst & Young, highlighted a post-compliance push for return on investment. read more
DEC 22, 2023 - 6:38 am
David Hengstler joined Haynes and Boone’s Orange County office. He is the fifth partner to join the firm’s growing Orange County office since September. read more
FEB 26, 2024 - 5:05 am
Equipment rental company United Rentals completed its previously announced acquisition of Yak Access, Yak Mat and New South Access & Environmental Solutions from Platinum Equity for approximately $1.1 billion in cash. read more
MAR 18, 2024 - 6:36 am
Brokerage firm First Capital Business Finance launched a specialty financing program division for equipment and semi-truck loans as well as new commercial truck financing programs. read more
MAR 15, 2024 - 6:59 am
Equipment Rental company United Rentals has added battery energy systems for tower cranes to its North American rental fleet. read more
MAR 14, 2024 - 6:32 am
Ronald A. Hewitt, who formerly worked for Covington & Burling, joined Seward & Kissel’s New York office as a partner in the global banking and corporate trust group. read more
MAR 19, 2024 - 6:38 am
Gilbarco Veeder-Root, a provider of fueling and convenience store equipment and technology, is now offering its Great Rates financing program for retail and commercial fueling products in Canada through Patriot Capital. read more
MAR 15, 2024 - 7:03 am
Aviation finance company Avolon reported lease revenue of $2.473 billion in 2023, an increase of 6% year over year. In addition, the company recorded operating cash flow of $1.751 billion (up 45% year over year) and adjusted EBITDA of $2.51 billion (up 6%). read more
FEB 9, 2024 - 6:53 am
Kroll Bond Rating Agency assigned preliminary ratings to six classes of notes issued by Post Road Equipment Finance 2024-1, LLC (PREF 2024-1), an equipment ABS transaction from Post Road Equipment Finance. read more
FEB 2, 2024 - 6:45 am