News

Fed: Longer-Term Inflation Expectations Little Changed

The FOMC maintained the target range of the fed funds rate, noting key indicators of longer-term inflation have changed little since its June meeting in June. read more

AerCap Delivers Second Airbus319 to Bhutan Airlines

AerCap delivered the second Airbus 319 to Bhutan Airlines on August 4. The aircraft are on lease for four years. read more

Marlin Q2 Earnings Up 41%, Originations Up 11%

Marlin reported Q2/18 net income of $6.5 million, up 41.3% from net income of $4.6 million a year earlier. Excluding referral volume, total originations of $172.2 million was up 11% from $155.5 million in Q2/17. read more

CIT Northbridge Provides $35MM Imperial Crane Credit Facility

CIT Northbridge Credit served as sole lead arranger on a $35 million senior secured credit facility for Imperial Crane Services. read more

Bloomberg: HNA Looking at Avolon Aircraft Leasing Options

Bloomberg reported the HNA Group is considering options for its Avolon Holdings aircraft leasing business. HNA acquired Avolon in 2016 and expanded its aircraft fleet via the acquisition of CIT’s aircraft leasing business in 2017. read more

July CMI Reflects Imminent Problems for Economy Long Term

The July CMI reported fewer bankruptcy filings and a higher score for rejections of credit applications, but these spikes were coupled with plummeting sales and unsustainable changes for the future. read more

Class 8 Orders Set New All-Time Record at 52,400 Units in July

Preliminary North America Class 8 net order data from ACT Research showed the industry booked 52,400 units in July, setting a new all-time record in what is typically the weakest order intake month of the year. read more

Penske Truck Leasing Opens Second Location in Hawaii

Penske Truck Leasing opened a new facility in Kapolei, HI. read more

CDB Aviation Leases Three 737-800s to Russia’s Nordwind Airlines

CDB Aviation Lease Finance announced an agreement with Russian carrier, Nordwind Airlines, for a long-term lease of three Boeing 737-800 aircraft from the lessor’s order book with Boeing. read more

Greenbrier June/July Railcar Orders Valued at $425MM+

The Greenbrier Companies announced new orders totaling 5,000 units valued at more than $425 million received during the first two months of its fourth fiscal quarter that began on June 1, 2018. read more

Wintrust Commercial Finance Adds Yepez to Direct Sales Team

Wintrust Commercial Finance expanded its direct origination team in the Western region of the U.S with the addition of Armando Yepez as senior account manager. read more

OCC to Accept National Bank Charter Applications from Fintechs

The Office of the Comptroller of the Currency will begin accepting applications for national bank charters from non-depository fintech companies engaged in the business of banking. read more

Meta Completes Crestmark Acquistion; Goik to Lead Commercial Finance Division

Meta Financial completed the acquisition of Crestmark Bancorp and its Michigan-based Crestmark Bank subsidiary. Crestmark has provided business-to-business commercial financing for more than 21 years. read more

Freeman Joins Ampil as National Business Development Executive

Matt Freeman joined Ampil as national business development executive. Freeman joined from CIT Vendor Finance and previously served at Key Equipment Finance. read more

American Railcar Notes Lower Q2 Lease Rates Hurt Results

Only 2% of American Railcar's Q2/18 shipments were railcar leasing related versus 51% in Q2/17 as the prevalence of lower lease rates has stalled The North American railcar market. read more

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Terry Mulreany
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