North Star Leasing reported that it set company records in annual, quarterly and monthly funding in 2020. In all, North Star Leasing processed more than 6,600 applications totaling $236 million during the year. read more
Preliminary used Class 8 volumes were 25% higher in 2020 compared with 2019, according to ACT Research, which further noted that preliminary used Class 8 volumes rose 11% month over month in December. Compared with December 2019, volumes gained 27%. read more
In its 2021 outlook paper, Avolon forecasted that two-thirds of new passenger aircraft deliveries will be financed by lessors, with the airline funding gap closed through lessor placements and sale leasebacks. read more
Equipment and truck dealership Earthborne moved into a new facility on Titus Avenue in Warrington, PA. The 75,000-square-foot facility includes an equipment showroom, a parts department, a temperature-controlled drive through and service center, and more. read more
Candace Reinhart, CLFP, senior vice president of operations and syndications at CoreTech Leasing, was elected to the board of directors of the Certified Lease & Finance Professional Foundation. read more
Peter Pabon joined JA Mitsui Leasing Capital, a U.S. subsidiary of JA Mitsui Leasing that provides leasing and financial solutions in the U.S. and globally, as senior vice president of capital markets. Pabon has previous experience with PNC Equipment Finance, Banc of America Leasing and Mitsui Vendor Leasing. read more
Griffin Global Asset Management, a commercial aircraft leasing and alternative asset management business, hired Eric Hild as senior vice president and Patricia Lynch and Michael Lombardi as vice presidents. read more
Air Transport Services Group’s Cargo Aircraft Management subsidiary agreed to purchase two Boeing 767-300ER aircraft from Air Canada of Montreal, convert them from passenger to freighter configuration and lease them back to Air Canada. read more
Preliminary information for December indicates that the U.S. trailer industry booked 42,500 net orders for the month, which was 7% better than November and 140% above year-ago levels, according to ACT Research. read more
When the COVID shutdown began, most lenders issued moratoriums on repossession activity and began issuing payment deferrals to customers on a large scale. Several states also issued executive orders reducing or eliminating a lender’s ability to enforce their security interests... read more
As illustrated throughout the magazine this issue, Monitor is celebrating the women who work with and in the equipment finance industry. But for all of the advancement that’s occurred in the last few decades as more and more women have... read more
Mentoring is how a business passes its culture from one generation of leaders to the next. Drew Spears discusses how, if done correctly, mentoring can be just as beneficial for the mentor as it is for the mentee, as it provides the opportunity for two-way learning.
As experienced equipment finance veterans retire or move on to other things, NextGen leaders are wondering, what’s the plan? Shawn Smith discusses how the next generation of talent needs a new game plan if the industry is going to keep winning.