International

Volvo Sells Four Electric Buses to Luxembourg Public Transport Operator

Volvo received an order for four Volvo 7900 Electric buses from public transport operator Sales-Lentz in Luxembourg. The buses will operate in the city of Differdange. 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

Bloomberg: AirAsia’s Sale of Leasing Unit Could Close in December

According to Bloomberg, AirAsia expects to make roughly $1 billion from the sale of its aircraft leasing unit, which could close in December at the earliest. read more

AirAsia Makes $1B Valuation of Leasing Division

According to Reuters, AirAsia evaluated Asia Aviation Capital, its leasing unit, at 4.1 billion ringgit ($1 billion). read more

GE Energy Financial Invests in Merkur Wind Farm

Merkur Offshore announced the 396MW Merkur offshore wind development project confirmed financial close. GE Energy Financial was a 6.25% equity investor in the $1.96 billion project. read more

Bombardier Delivers First Challenger 650 Aircraft to German Customer

Bombardier Business Aircraft delivered its first Challenger 650 aircraft to be operated from Germany. This aircraft joins the Bombardier business jet fleet in Europe comprised of more than 430 aircraft in service. read more

Waypoint Leasing to Re-Deploy Aircraft from CHC

Waypoint Leasing will place two AW139 helicopters with new customers in Africa and Asia, respectively. The aircraft are being returned from CHC and will be redeployed in support of oil and gas operations. read more

EU Regulators Fine Daimler, Volvo, Others $3.2B over Price Fixing

Reuters reported that regulators from the European Union leveled a fine of $3.2 billion (€2.9 billion) against European truck manufacturers for fixing prices and stalling the implementation of new emission related technologies. read more

Volvo Reaches Settlement with the European Commission

The Volvo Group reached a settlement with the European Commission and will pay a fine of €670 million ($737.84 million) ending a long-running EU antitrust investigation. read more

Waypoint Leases New AW189 to Vietnam-based Helicopter Company

Helicopter leasing company Waypoint closed a lease agreement with Southern Vietnam Helicopter, marking its first entry into the Vietnamese market. read more

Aircraft Leasing Won’t Be Hurt by Brexit Says AerCap COO

AerCap told Reuters that it does not expect Great Britain’s vote to leave the European Union to have an impact on its aircraft leasing business. read more

Beacon Rail Acquires Ascendos Rail Leasing

Beacon Rail Leasing closed on the acquisition of Ascendos Rail Leasing, a European locomotive and rolling stock leasing company. read more

ACT: China Commercial Vehicle Demand Up Y/Y, Down Q/Q

Demand for China’s heavy and medium trucks and tractors was mixed in Q1/16, according to a new report jointly published by ACT Research and China’s State Information Center. read more

Eversholt, Beacon Rail Leasing Provide $333MM for Rail Operator

Rail operator TransPennine Express announced Eversholt Rail and Beacon Rail Leasing will provide $333 million of financing to support the acquisition of 25 new five-carriage trains. read more

Hitachi Capital, Mitsubishi UFJ Enter into Business Alliance

Hitachi Capital and Mitsubishi UFJ Financial entered into a business alliance to boost their operations in the field of infrastructure business. read more

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Terry Mulreany
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