News

ELFF Lowers Projection for U.S. Economic Growth in Latest Industry Snapshot

According to the Q3 2022 Equipment Leasing & Finance Industry Snapshot from the Equipment Leasing & Finance Foundation, the U.S. economy will grow by 1.6% in 2022, a marked slowdown from the foundation’s previous estimates. read more

Aviation Capital Group Orders 12 Boeing 737 MAX Aircraft

Aviation Capital Group ordered 12 additional 737-8 MAX aircraft from Boeing, growing its 737 MAX portfolio. As the travel market recovers, Aviation Capital Group is increasing its 737-8 offering to meet airline demand. The order was previously unidentified on Boeing’s orders and deliveries website. read more

Ritchie Bros. Reports Equipment Pricing Increases From April to June

According to Ritchie Bros.’ July market trends report, mix-adjusted price indexes (for April to June) showed prices for used large and medium earthmoving categories were up 15% and 20% year over year, respectively, while aerial equipment was up 18% in the United States. read more

AerCap Adds 5 Boeing 787 Dreamliners to Fleet

AerCap ordered five additional 787-9 jets, growing its 787 Dreamliner portfolio from Boeing, as it now has 125 787 Dreamliners in its portfolio or on order. read more

United Rentals to Provides Sustainable Solutions to Turner Construction

United Rentals will provide sustainable solutions to Turner Construction, including all-electric trucks and zero-emission power systems. Turner Construction will use the rental equipment for construction of a data center in Kansas City, MO, for Meta, which was formerly known as the Facebook company. read more

Inovatec Systems Partners with VoPay to Improve Payment Technology for Lenders

Inovatec Systems, a provider of cloud-based software solutions for lenders, partnered with VoPay to integrate payment processing capabilities into the Inovatec LOS and LMS platforms. read more

ACT Research: Interest Rate Hikes, Inflation and Supply Chain Disruptions Continue to Be Key Trends

According to ACT Research’s latest State of the Industry: NA Classes 5-8 report, surging inflation, the Fed hiking interest rates into a potential recession and supply chain disruptions remain overarching themes. read more

Industry Veteran Joe Nachbin Passes Away

The Alta Group announced that Joe Nachbin passed away after a brief battle with pancreatic cancer. Nachbin devoted more than four decades to the equipment leasing industry. read more

Rinaldi Interviews Zeihan on Future Forecasts in New Leasing Avenues Video Blog

Bob Rinaldi, president of Rinaldi Advisory Services, released a new interview with New York Times best-selling author Peter Zeihan in which they discuss Zeihan’s forecast for the future in his new book, The End of the World Is Just the Beginning. read more

SLIM Capital Increases New Business Volume 48% Y/Y in H2/22

In the first half of 2022, SLIM Capital achieved a 48% year-over-year increase in new business volume, an average amount funded of $156,625 and processed more than $209 million total applications. read more

ELFA Opens Registration for 61st Annual ELFA Convention in October

The Equipment Leasing and Finance Association opened registration for the 61st ELFA Annual Convention, Oct. 9-11 at the JW Marriott Marco Island Beach Resort in Marco Island, FL. The early-bird registration deadline is Aug. 1. read more

North Mill Implements Enhancements to Rate Card Program

North Mill Equipment Finance implemented major enhancements to its pricing scheme, simplifying its buy rate structure and connecting each price point directly to the credit parameters company analysts use to assess each transaction. read more

Napier Park Appoints Davis as Managing Director

Napier Park Global Capital appointed C. Lance Davis will join the firm as a managing director and senior member of Napier Park’s real assets investment team. read more

AerCap Cargo Signs Lease Agreements with GOL for 6 Boeing Converted Freighters

AerCap Holdings signed lease agreements with GOL for the lease of six 737-800 Boeing Converted Freighter aircraft, three of which are scheduled to deliver to GOL in 2022, with the remaining three delivering in 2023. read more

First Citizens Bank Completes Conversion of OneWest Bank

First Citizens Bank completed its conversion of OneWest Bank to First Citizens’ operations and systems division. This conversion integrates OneWest Bank customer accounts into First Citizens products and services. read more

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