CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, signed new lease agreements for a fleet of an additional seven narrowbody and widebody aircraft with existing customer Turkish Airlines, the flag carrier of Türkiye. read more
APR 25, 2024 - 6:50 am
The Equipment Leasing and Finance Association awarded Paul Bent, senior managing director at The Alta Group, the Edward A. Groobert Award for Legal Excellence in recognition of his significant contributions to the association and the equipment finance industry. read more
MAY 7, 2024 - 6:50 am
Small business filings increased 60% year over year to 233 in April 2024, according to data provided by Epiq AACER. Commercial chapter 11 filings increased 40% year over year in April 2024 to 542. Overall commercial filings increased 39% year over year in April 2024 to 2,569. read more
MAY 6, 2024 - 6:58 am
Digital wallets use grew in 2023, with efficiency-focused businesses increasing their use by 31% and convenience-minded consumers experiencing a 32% increase, according to studies administered by the Federal Reserve Financial Services. read more
MAY 7, 2024 - 6:50 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
The Citizens Business Conditions Index fell to 48.2 in Q1/24 as business activity normalized from elevated levels in recent quarters. The reading below 50 indicates that economic momentum slowed during the first quarter against a backdrop of moderately restrictive monetary policy. read more
MAY 2, 2024 - 6:53 am
The latest U.S. Bank Freight Payment Index revealed that the U.S. truck freight market contracted significantly during the first three months of 2024, with spending by shippers down 27.9% in Q1/24 compared with the same period in 2023 and down 16.8% compared to Q4/23. read more
MAY 3, 2024 - 6:53 am
Rabobank closed a $100 million equipment supply loan with Scout Clean Energy. The facility will be used to fund the company’s equipment down payments. Scout intends to upsize the facility to $200 million and bring in additional banks later in the year. read more
MAY 7, 2024 - 6:49 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
Société Générale signed a memorandum of understanding with French banking company Group BPCE for the divestment of its equipment finance business for a purchase price of €1.1 billion ($1.18 billion). read more
APR 11, 2024 - 6:53 am
Equipment Finance Cares formed a strategic partnership with the American Association of Commercial Finance Brokers. Through this collaboration, Equipment Finance Cares will organize community activities preceding AACFB conferences, including a charity conference prior to the AACFB’s upcoming annual conference in Arizona. read more
MAR 27, 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
The U.S. Attorneys' Office for the Eastern District of North Carolina announced that Armando Binelo of Pigeon Forge, TN, pled guilty for his role in a $20 million leasing fraud scheme. Daniel Raymond, of Mebane, NC, previously pled guilty to conspiracy to commit mail fraud and wire fraud in relation to the scheme and was sentenced to 84 months in prison. Binelo faces up to 20 years in prison when sentenced. read more
APR 23, 2024 - 6:49 am
SVB Financial Group entered into a definitive agreement under which a newly created entity affiliated with Pinegrove Capital Partners will acquire SVB Capital, SVB Financial Group’s investment platform business. read more
MAY 3, 2024 - 6:52 am
Honour Capital co-founders Brian Slipka and Shea Huston launched a new company focused on agriculture finance: Honour Ag. The new company will be led by Hollie Bunn as CEO. read more
APR 30, 2024 - 6:52 am
Digital wallets use grew in 2023, with efficiency-focused businesses increasing their use by 31% and convenience-minded consumers experiencing a 32% increase, according to studies administered by the Federal Reserve Financial Services. read more
MAY 7, 2024 - 6:50 am
The Equipment Leasing and Finance Association awarded Paul Bent, senior managing director at The Alta Group, the Edward A. Groobert Award for Legal Excellence in recognition of his significant contributions to the association and the equipment finance industry. read more
MAY 7, 2024 - 6:50 am
Commercial solar loan platform Sunstone Credit is partnering with M&T Bank on a program to provide businesses access to solar financing. read more
APR 26, 2024 - 6:36 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 three classes of notes issued by Business Jet Securities 2024-1, LLC, a business jet asset-backed securitization transaction sponsored and serviced by Global Jet Capital. read more
APR 4, 2024 - 6:45 am
Terry Mulreany
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