News

Hawk Rejoins Womble Bond Dickinson as Business Litigation Partner in Denver

John Hawk rejoined Womble Bond Dickinson as a partner in the firm’s business litigation group. Previously with Womble Bond Dickinson from 2006 to 2021, Hawk is the first partner addition to the Denver office since it was opened last month. read more

AerCap Signs $3.9B in Financing Transactions and 134 Lease Agreements in Q3/23

Aircraft lessor AerCap signed 134 lease agreements, including agreements for 24 widebody aircraft, 62 narrowbody aircraft, 25 engines and 23 helicopters, in Q3/23. The company also signed financing transactions for approximately $3.9 billion during the quarter. read more

Avolon Agrees to Sale and Leaseback of 9 Airbus A320neos with Cathay Group

Aviation finance company Avolon agreed to the sale and leaseback of nine new Airbus A320neo family aircraft with the Cathay Group, an Asian airline group. The aircraft are scheduled for delivery in 2026 and 2027 and the transaction consists of a mix of A321neos and A320neos. read more

Global PC Shipments Decline in Q3/23 Amid Signs of Market Improvement

The downward spiral for PC shipments continued during Q3/23 as global volumes declined 7.6% year over year with 68.2 million PCs shipped, according to International Data Corporation. read more

Economic Activity in Hospital Subsector Bounces Back in September

Economic activity in the hospital subsector grew in September after contracting in August, which was the second time the sector had contracted in the previous five months, with 35 consecutive months of growth prior to that, according to the Institute for Supply Management. read more

McCabe to Take Over as CEO of CAI International

Katie McCabe, the current president of CAI International, a provider of container leasing and sales, will assume the role of president and CEO, effective Jan. 1, 2024, succeeding Tim Page, the company’s current CEO. read more

CLFP Foundation Adds 18 New CLFPs

The Certified Lease & Finance Professional Foundation added 18 new CLFPs who recently passed the eight-hour online proctored CLFP exam. read more

5 Takeaways from ELFA’s Webinar on AI for Marketers

Members of the Equipment Leasing and Finance Association’s communications committee led an informative discussion on issues around implementing AI during the association’s recent webinar, “AI for Marketers: Embracing Analytics and Creativity.” read more

Green Dot Appoints Former Google Cloud VP to Board of Directors

Green Dot, a digital bank and financial technology company, appointed Michelleta Razon to its board of directors, effective immediately. Razon most recently served as vice president, general manager and head of commerce at Google Cloud, Google’s suite of cloud computing tools and services. read more

Economic Activity in Services Sector Expands Again in September

Economic activity in the services sector expanded in September for the ninth consecutive month, according to the latest Services ISM Report on Business from the Institute for Supply Management. The sector has grown in 39 of the last 40 months, with the lone contraction in December 2022. read more

Oaktree Capital Management Acquires Consolidated Chassis Management

Funds managed by the transportation infrastructure strategy of Oaktree Capital Management acquired Consolidated Chassis Management, a manager of marine chassis pools in the U.S. read more

Apollo Debt Solutions Appoints Rosenberg CFO, Eling COO

Apollo Debt Solutions, a non-exchange traded business development company sponsored by affiliates of Apollo, appointed Eric Rosenberg and Adam Eling CFO and chief operating officer, respectively. read more

ACT Research: September Class 8 Truck Orders Increase 67% M/M

According to preliminary data from ACT Research, net orders for North American Class 8 trucks reached 36,800 units in September, marking a 67% month-over-month increase and the strongest order month of the past year. read more

Late-Model High-Horsepower Tractors Pile Up as Inventories Continue Rising Among Most Used Equipment Types

According to Sandhills Global’s latest market reports, inventory levels are rising among multiple equipment sectors, with particularly noteworthy inventory surges in high-horsepower tractors (300 or more horsepower) and track skid steers. read more

Wolters Kluwer Introduces OneSumX for Basel at Major Client Conference

Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR) showcased its capabilities to help clients meet Capital Requirements Regulation III and Basel IV requirements at its annual FRR Client Conference in Sitges, Spain, this week. read more

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