News

ACT: Yellow Lights Continue to Flash for Economy & NA CV Industry

According to ACT Research’s latest release of the North American Commercial Vehicle OUTLOOK, yellow lights continue to flash for the US economy and, by extension, for the North American commercial vehicle industry. read more

Avolon Signs up for Rolls-Royce Lifekey Asset Management System

Aircraft leasing company Avolon became a new customer of LifeKey, a component of Rolls-Royce’s LessorCare asset management offering which provides a single, comprehensive agreement for all Trent engine types. read more

Watrefall, TRP Make Strategic Investment in Flex Fleet Rental

Flex Fleet Rental completed a strategic transaction with Waterfall Asset Management’s private equity platform and TRP Capital Partners, a transportation-focused private equity firm. read more

Teichert Becomes Beta Participant on Ironworks Cost Management System

Teichert Construction entered an agreement with Ironworks to serve as the first beta program participant for Ironworks’ comprehensive, cloud-based equipment cost management system for infrastructure contractors, the first of its kind in the world. read more

Air Lease Places Four New Boeing 737 MAX 8s with Caribbean Airlines

Air Lease entered long-term lease agreements with Caribbean Airlines for four new Boeing 737 MAX 8 aircraft, scheduled to deliver to the airline starting in the fourth quarter of 2019 through 2020. read more

Wells Fargo Survey: Small Business Revenues Decrease, Optimism Declines

Small business owners indicated declining optimism in the latest quarterly Wells Fargo/Gallup Small Business Index, with an overall Index score of 106. read more

UniFI Promotes Dailey to Portfolio Services Manager

UniFi Equipment Finance promoted Julie Dailey to portfolio services manager. She will report directly to Credit and Portfolio Management Tony McHugh. read more

Crestmark Provides $36.4MM+ in Financing in H2/January 2019

Crestmark provided $36.4 million in financing in the second half of January 2019, including $6.25 million in ABL financial solutions for six new clients. read more

Lawrence Financial Provides Over $100MM to Clients in 2018

Lawrence Financial provided over $100 million in funding in 2018 and has financed $8 billion in capital for more than 1,200 companies since its founding in 1990. read more

Avolon Fleet Tops 971 Aircraft after Active 2018

International aircraft lessor Avolon released its fourth quarter results for 2018, as well as its full year report. Q4 highlights included $11.5 billion in Airbus A320neo orders and an increase in the company’s unsecured revolver to $2.2 billion. read more

SMBC, Viva Aerobus Ink Deal for Seven Airbus A320 neo Aircraft

Aircraft leasing company SMBC Aviation Capital signed its first 2019 sale and lease back deal with Mexican low-cost carrier, Viva Aerobus. The deal will also provide a pre delivery payment facility for the aircraft. read more

First American Doubles Future Leaders of Manufacturing Scholarship Fund

First American Manufacturing Finance increased the funding of its manufacturing industry scholarship to $3,000. The scholarship aims to support college students looking to get into the industry. read more

SMBC Delivers Airbus A320-251 NEO Aircraft to Sky Airline

SMBC Aviation Capital delivered one Airbus A320-251 NEO aircraft equipped with CFMI Leap engines to Chilean airline Sky Airlines. read more

MB Business Capital Agents $11.88MM Facility for Off-Spec Solutions

MB Business Capital acted as sole lender and administrative agent on the funding of an $11.88 million senior credit facility for Off-Spec Solutions, an over-the-road trucking company. read more

Société Générale Leads $2.8B+ Vessel Financing for MSC Cruises

Société Générale acted as lead mandated lead arranger on a €2.524 billion ($2.862 billion) financing package for MSC Cruises. The funds will be used to finance construction of three new vessels. read more

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