News

Air Lease Delivers Airbus A320-200neo to Air New Zealand

Air Lease delivered one new Airbus A320-200neo aircraft on long-term lease to Air New Zealand. read more

Signature Financial Hires Two, Promotes Six

Signature Bank appointed Ketih Connors to vice president, capital markets and Nick Cremonese to account officer, National Third-Party Intermediaries, a newly created position. It also promoted six capital markets and equipment finance professionals. read more

Verdant Expands Program Agreement with Hiab, Princeton Delivery Systems

Verdant Commercial Capital expanded on their multi-year vendor program agreement with Hiab USA and will now provide retail financing for Princeton Delivery Systems. read more

Navistar Reports $11MM Net Income in Q1/2019

Navistar International reported first quarter 2019 net income of $11 million, or $0.11 per diluted share, compared to a first quarter 2018 net loss of $73 million, or $0.74 per diluted share. read more

China Grounds All Domestic 737 Max 8 Aircraft After Ethiopian Crash

According to the Financial Times, China’s aviation regulator has decided to ground all Boeing 737 Max 8 aircraft used by domestic airlines in the wake of the same plane’s deadly crash in Ethiopia on Sunday. read more

Fifth Third Approved for Merger with MB Financial

Fifth Third Bancorp has received all necessary regulatory approvals for completion of its acquisition of MB Financial as stipulated in the companies’ merger agreement from May 20, 2018. read more

Injection Molding Machine Market Projected to Reach $22.45B by 2025

The global injection molding machine market size is anticipated to be valued at USD 22.45 billion by 2025, according to a new report published on ResearchAndMarkets.com. read more

Y/Y Average Earnings Growth Surpasses 3% for 7th Straight Month

According to the U.S. Department of Labor, wage gains hit their highest mark since April 2009, at 3.4% year over year, while the year over year average hourly earnings growth surpassed 3% for seventh consecutive month. read more

Freestone Resources, NatGas Sign Lease for Tire Shredding Machine

Freestone Resources signed a lease agreement with a purchase option with NatGas Leasing for a tire shredding machine capable of shredding up to 60 tons of used tires per day. read more

Adiletta Joins M&T Bank as VP, Commercial Equipment Finance

Mark Adiletta joined M&T Bank as vice president, group manager for the Commercial Equipment Finance Division. read more

Nationwide Taps BlueVine Platform to Assist Its Small Business Members

Nationwide expanded its relationship with online small business lending company BlueVine by offering BlueVine's fast and flexible financing to small businesses through Nationwide's Business Solutions Center. read more

Encina Equipment Finance Provides $5MM Lease to Marine Services Company

Encina Equipment Finance provided a $5 million lease facility to a marine services company. read more

Baker Tilly Partners with Visual Lease to Enhance Lease Accounting

Advisory, tax and assurance firm Baker Tilly Virchow Krause partnered with lease accounting and management software provider, Visual Lease, to provide clients with enhanced software compatible with the new ASC 842 standards. read more

Webster Ranked Among World’s Best Banks by Forbes

Webster Bank was recognized among the World’s Best Banks in Forbes’ inaugural World’s Best Banks list. Only 60 banks in the United States were recognized for this honor. read more

Fly Leasing Reports $31MM Net Income for Q4/2018

Aircraft lessor Fly Leasing released its financial results for the fourth quarter and full year of 2018. Net income for Q4 reached $31 million, while full year net income reached $85.7 million. read more

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