Equipment Sector

Construction Equipment Rental Market to Reach $75.18B by 2024

The size of the construction equipment rental market is expected to reach $75.18 billion by 2024, according to a new research report by Global Market Insights. read more

New-Technology Aircraft Create Revenue and Reduce Operating Costs

According to a report from CIT Group, new-technology single aisle aircraft create revenue opportunities and reduce operating costs. read more

Air Lease Places Six New Airbus A321neo Aircraft with Air Arabia

Air Lease announced long-term lease agreements for six new Airbus A321neo aircraft with Air Arabia. The aircraft are from ALC’s order book with Airbus, delivering between January and October 2019.  read more

Ritchie Bros. Sells $54MM Worth of Equipment at Fort Worth Auction

Ritchie Bros. sold more than 4,400 equipment items and trucks for more than $54 million over two days during its eighth Texas auction of the year. read more

Saudi Arabian Airlines in $8B Deal with Boeing

Saudi Arabian Airlines will buy 28 wide-body jets from Boeing in a deal worth $8 billion at current list prices. read more

ACT Research: August Used Class 8 Truck Volumes Up M/M, Y/Y

According to ACT Research, used Class 8 truck same dealer sales volumes continued to show volatility in August, yet remained on a positive trend, including a 19% increase over July. read more

AeroCentury Completes $37MM Aircraft Purchase

AeroCentury completed the purchase of two Bombardier CRJ 900 aircraft already on lease with Sloveian airline Adria Airways, a current customer.  The transaction was valued at approximately $37 million. read more

Cowan Named President of Greenbrier International

Jim Cowan was appointed president of Greenbrier International. read more

ATA Truck Tonnage Index Jumps 5.7% M/M, 5.9% Y/Y in August

The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 5.7% in August, following a 2.1% decline in July. read more

Fitch: Global Aircraft Leasing Growing on Low Rates, Rising Air Traffic

According to Fitch Ratings, aircraft lessors are benefitting from increased air travel, strong airline profitability, low interest rates and generally accessible funding markets. read more

Air Lease Places Six New Airbus A321neo Aircraft with Azores Airlines

Azores Airlines SATA International (Portugal) committed to lease six new Airbus A321neo aircraft, including four A321LR versions, from Air Lease. read more

Financial Times: Airbus to Begin Restructuring Efforts

The Financial Times reported that Airbus will begin restructuring efforts in October due to A380 superjumbo losses and other costly aircraft program delays. read more

GECAS Delivers First A320 NEO Delivery to AirAsia

GE Capital Aviation Services delivered its first Airbus A320neo to AirAsia from the purchase-and-leaseback transaction with the airline for five new Airbus A320neo aircraft powered by CFM LEAP engines. read more

ACT: Freight Volume Index Improves for Third Time in Last Four Months

According to ACT Research, the recent positive shift since May suggests that even if conditions are not exactly improving, they are at least not getting worse. read more

British Charter Service Takes Delivery of Learjet 75

Bombardier Business Aircraft announced that Zenith Aviation, a British bespoke charter service provider, will take delivery of two brand new Learjet 75 aircraft. read more

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