Equipment Sector

GECAS’ Cargo Aircraft Group Signs Deal with Korean Air

GE Capital Aviation Services signed a purchase-and-leaseback transaction with Korean Air Lines for five new Boeing 777F freighters powered by GE90 engines. read more

Caterpillar Contemplating Closure of Belgium Facility

Caterpillar is considering a plan to allocate the volumes produced at its facility in Gosselies, Belgium, to other manufacturing facilities. The proposed plan could result in 2,000 layoffs. read more

Great Western Adds Transcraft, Benson Products to Houston Dealership

Great Western Leasing is now authorized to sell and service Transcraft and Benson brand platform trailers in Texas. read more

Waypoint Places Helicopter on Lease to Grupo FAASA

Helicopter leasing company Waypoint closed a lease agreement with Calquin Helicopters, a subsidiary of Grupo FAASA, for one Airbus AS350 B3 helicopter. read more

PAL Borrows $38MM from Bank Group to Acquire A321-200

Flag carrier Philippine Airlines is borrowing $38 million from a bank group led by Cathay United as lead arranger and bookrunner of a syndicated term loan. read more

Konecranes to Deliver 12 Cranes to South Carolina Ports Authority

Konecranes received an order for 12 RTGs from the South Carolina Ports Authority (SCPA) in Charleston, SC. The cranes will be delivered to SCPA’s Wando Welch terminal in the Port of Charleston in early fall 2017. read more

Ritchie Bros. Sells $53MM of Equipment at Houston Auction

Ritchie Bros. sold 4,300 equipment items and trucks for more than $53 million during its fourth Houston, TX auction of the year. read more

Hawthorne Cat Details Certified Used Program

Hawthorne Cat, the exclusive Caterpillar equipment dealer in San Diego, the Hawaiian Islands and the Pacific Region, provided details about its new Cat Certified Used program. read more

Financial Post: Textron Could Be Interested Bombardier’s Learjet

The Financial Post reported that Textron would be willing to buy Bombardier’s Learjet business. read more

ACT Research: July Used Class 8 Truck Volumes Down M/M, Y/Y and YTD

Used Class 8 truck same dealer sales volumes fell in July, posting an 8% month-over-month drop, following a double-digit month-over-month increase in June, according to the latest data from ACT Research. read more

Textron Subsidiary Completes Ground Engine Tests on Newest Business Jet

Cessna Aircraft, a subsidiary of Textron Aviation, completed initial ground engine tests on the Citation Longitude, paving the way for first flight of the prototype business aircraft in the coming weeks. read more

CIT Aerospace Delivers Two 737-800s to Air Transat

CIT Aerospace delivered two Boeing 737-800 aircraft to Air Transat, a Canadian airline based in Montreal. read more

ATA Makes Additions to October Conference

American Trucking Associations announced a series of additions to the lineup for its annual management conference and exhibition, which will be held October 1 to October 4 in Las Vegas. read more

ACT: U.S. Trailer Orders in July Down Double Digits M/M, Y/Y and YTD

Trailer net orders fell 25% month-over-month and contracted a staggering 50% year-over-year, according to the most recent State of the Industry: U.S. Trailers published by ACT Research. read more

CIT Aerospace Signs 39 Lease Agreements, Delivers 26 Aircraft in Q2/16

CIT Aerospace signed 39 agreements in Q2/16 for the current and future leases of commercial aircraft and also delivered 26 aircraft including new and used aircraft and lease extensions of existing fleet. read more

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Terry Mulreany
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