News

AerCap Delivers First Airbus A321 Passenger-to-Freighter Converted Aircraft to IndiGo

Aircraft lessor AerCap delivered its first Airbus A321 Passenger-to-Freighter aircraft to IndiGo. The aircraft conversion was completed by Elbe Flugzeugwerke (EFW) before being delivered to IndiGo at ST Engineering Aerospace in Singapore. read more

Federal Reserve Continues Pause on Interest Rate Hikes

The Federal Reserve announced on Thursday stated that it will maintain the target range for the federal funds rate between 5.25% and 5.5%. The Fed made a similar decision in September, pausing its run of hikes aimed at curbing rising inflation that began in March 2022. read more

XCMG America Financial Promotes Bellanca to VP of Risk and Program Management

XCMG America Financial promoted Joe Bellanca to vice president of risk and program management. Bellanca will be responsible for spearheading XCMG America Financial’s risk management strategies and overseeing financing program development and execution. read more

KBRA Rates Stonebriar Commercial Finance’s Latest ABS Transaction

Kroll Bond Rating Agency assigned ratings to eight classes of notes issued by SCF Equipment Leasing 2023-1 LLC and SCF Equipment Leasing Canada 2023-1 Limited Partnership (collectively SCF 2023-1), an equipment ABS transaction from Stonebriar Commercial Finance. read more

Meridian Leasing Launches New Family of Equipment Finance Services

Meridian Leasing launched TrueFlex Finance, a family of equipment finance offerings made up of six distinct products each aimed at a specific financing model. read more

October Chapter 11 Bankruptcy Filings Increase 106%

There were 631 commercial Chapter 11 bankruptcy filings registered in the U.S. in October, an increase of 106% from the 306 filings registered in October 2022, according to data provided by Epiq Bankruptcy. read more

Moritt Hock & Hamroff Adds New Attorneys in Dispute Resolution and Secured Lending Practices

Moritt Hock & Hamroff added B. George Walker as counsel and Amber J. Mannings and Jessica Huang as associates in the firm's litigation and dispute resolution practice groups, while Brady M. Foster joined the firm's secured lending practice group as an associate. read more

Griffin Global Asset Management Announces Purchase and Leaseback of Airbus Aircraft with Iberia

Griffin Global Asset Management announced the purchase and lease of one Airbus A320neo aircraft and one Airbus A321neo aircraft to Iberia, the flag carrier of Spain. Both aircraft were delivered last month. read more

H&E Equipment Services Acquires California-Based Equipment Provider

Equipment rental company H&E Equipment Services acquired the equipment rental assets of Giffin Equipment, a California-based provider of non-residential construction and industrial equipment. read more

TomorrowZone and Tamarack Partner to Advance New Tech Adoption in Equipment Finance

TomorrowZone and Tamarack Technology entered into a partnership to collaborate on programs and initiatives with the intent of advancing innovation and the adoption of new technology with customers in the equipment finance industry. read more

Amembal to Host Free Webinar on Benefits of Leasing with Focus on FMV Leases

Sudhir Amembal, chairman and CEO of Amembal & Halladay, will be conducting a free webinar on Nov. 14 at 9 a.m. PT entitled "The 30 Extraordinary Benefits of Leasing." The webinar will have a specific focus on the benefits of the fair market value lease. read more

Mitsubishi HC Capital America Expands Franchise Finance Division

Mitsubishi HC Capital America is expanding its franchise finance division to leverage new growth opportunities, particularly by extending its current reach into brick-and-mortar franchises in the health and wellness, recovery and sports performance sectors. read more

Aviation Capital Group Appoints Pons Managing Director of Aircraft Financing Solutions

Vicente Alava Pons joined Aviation Capital Group as a managing director on its aircraft financing solutions team. Pons has more than 27 years of experience in aircraft financing with organizations like DVB Bank, MUFG Bank and LR AirFinance. read more

Solifi Releases New Features for Equipment Finance Offerings

Solifi unveiled the latest product releases for its Solifi Originations ROS and Portfolio Management ILS solutions for equipment finance. The new software releases provide enhancements to business management, efficiency and compliance. read more

Equipment Finance Cares Announces Details About November Arizona Event

Equipment Finance Cares will hold its next event on Nov. 15 from 1:30 to 7 p.m. PT in Scottsdale, AZ. Ascentium Capital is serving as host for the event. read more

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