News

First Citizens Names Langeland Relationship Manager and Market Leader

First Citizens Bank’s middle market banking group has named Erik Langeland as a relationship manager and market leader focused on building new business in Northern California. He will report to Brendan Chambers, who leads First Citizens middle market banking. read more

Global Jet Capital Publishes Annual Business Jet Market Forecast

Global Jet Capital released its annual Business Jet Market Forecast. In the updated report, the company projects continued growth for the next five years. The forecast also contains insights and projections for the business aviation market through 2028. read more

Tinicum Acquires KGM in Partnership with Management

Tinicum and affiliated funds managed by Tinicum Incorporated has acquired a controlling interest in KGM from Compass Group Equity Partners. Management shareholders have retained a significant interest in the company. The financial terms of the transaction were not disclosed. read more

Cessna Citation Latitude and Longitude to Offer New Advanced Avionics Features

Textron Aviation, a Textron company, released advanced Garmin G5000 avionics enhancements, coming soon to the Cessna Citation Latitude (beginning in 2025) and the Cessna Citation Longitude (beginning in 2026). read more

AXON Aviation Group Transfers Business Aircraft Division to Jetcraft

AXON Aviation Group has selected Jetcraft to take on its business jet activity as it seeks to streamline its service offering. The company will transfer all business aircraft sales and acquisitions to Jetcraft, ensuring a smooth handover period for clients. read more

Textron Aviation Rolls out 400th Cessna Citation Latitude

The 400th Cessna Citation Latitude business jet has rolled out of production at Textron Aviation’s, a Textron company, factory in Wichita, Kansas, and is expected to be delivered later this year. read more

CLFP Foundation Surpasses 1,500 Members

The Certified Lease & Finance Professional (CLFP) Foundation reached a new milestone of 1,500 members. Sharon Pietras of Huntington National Bank if the 1,500th CLFP. read more

QuickFi Wins Best of Show at Finovate Spring 2024

QuickFi was recognized as Best of Show at Finovate Spring 2024, an annual fintech event series. QuickFi participated with over 50 companies at Finovate Spring 2024 and conducted a live demonstration of the embedded finance platform. read more

AP Equipment Financing Celebrates 1 Year of Wholesale Floorplan Program

AP Equipment Financing is celebrating the success of its wholesale floorplan program, spearheaded by Floor Plan Operations Manager Rena Waples. Since Rena joined the team in 2023, the program has garnered significant interest from dealers and suppliers. read more

Penske, Daimler and Carrier Introduce All-Electric Class 7 Refrigerated Truck for Leasing

Penske, Daimler and Carrier have collaborated on an all-electric refrigerated medium-duty truck to help leasing customers with temperature-controlled freight realize the financial and environmental benefits that zero-emissions equipment can provide. read more

Aviation Capital Group Delivers One A320neo to Scandinavian Airlines

Aviation Capital Group delivered an Airbus A320neo aircraft on long-term lease to Scandinavian Airlines (SAS). Featuring CFM International LEAP-1A engines, this is the last aircraft scheduled to deliver to the airline as part of a 12-aircraft sale-leaseback transaction between the companies. read more

Royal Credit Union Names Jambor Vice President, Commercial Lending Regional Manager

Royal Credit Union promoted Edward Jambor to vice president, commercial lending regional manager. In this position, Jambor is responsible for leading the team of commercial loan officers in the North Metro to achieve Royal Credit Union’s objectives, strategic goals and initiatives. read more

KBRA Releases Q1/24 U.S. Bank Compendium

KBRA released its Q1/24 U.S. Bank Compendium, providing the latest view of the U.S. banking industry and analysis of Q1/24 results for U.S. banks with KBRA long-term ratings. read more

Stratos Partners with The Aviation Impact Accelerator

Stratos (Monaco) and the Aviation Impact Accelerator (AIA) are collaborating to accelerate the aviation sector’s transition to net-zero CO2 emissions by 2050. read more

ELFA: New Business Volume Rebounds in April

The ELFA’s Monthly Leasing and Finance Index (MLFI-25) showed that overall new business volume for April was $11 billion, up 17% year-over-year and up 18% from $9.3 billion in March. Year-to-date, cumulative new business volume was up 4.9% compared to 2023. read more

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