News Topics

Aircraft Deals

Boeing Delivers First 787 Dreamliner for Shanghai Airlines

Boeing delivered Shanghai Airlines’ first 787-9 Dreamliner, which the carrier will use to upgrade its regional and long-range service from its base in China's largest city. read more

Associations

Record Attendance at AACFB Commercial Financing Expo

The American Association of Commercial Finance Brokers (AACFB) Commercial Financing Expo achieved record attendance and provided brokers a unique opportunity to connect to a wide variety of funding sources. read more

Economy

ELFF: Trucking Industry to Remain Strong for Next Year

The U.S. over-the-road transportation/trucking industry is having its best growth in years and is forecast to remain strong for the next 12 to 18 months before softening, according to the 2018-2019 Vertical Market Series – Road Transportation. read more

Equipment Sector

ACT: Trucking Industry Responds to Strong Demand by Adding Capacity

The latest release of ACT’s For Hire Trucking Index show ‘gradual balancing taking place as the industry responds to strong demand by adding capacity.” read more

Industry

ECN Capital Sells 55% of Existing Rail Portfolio to Trinity Affiliates

ECN Capital entered into a agreement to sell railcar assets to affiliates of Trinity Industries Leasing for proceeds of $360 million. read more

International

Ritchie Bros., PowerChina Sign Multi-Year Sales Agreement

PowerChina Trade Solution Group, one of the world's largest construction companies, selected Ritchie Bros. as a key partner for its surplus equipment disposition. read more

Joint Ventures

Under Par Finance, Taycor Partner Up to Expand Canadian Access

Under Par Finance, a Canadian equipment leasing and financing originator that specializes in servicing the golf industry, entered into a strategic partnership with Taycor Financial. read more

Lease Accounting

Bloomberg Tax Releases New Solution for FASB ASC 842 Standards

Bloomberg Tax released a new lease assets solution designed to help organizations address and comply with the new FASB ASC 842 standards. read more

Legal / Fraud

Xavian Insurance Sues Marsh, Boeing, Boeing Capital Over AFIC

According to Insurance Insider, Xavian Insurance has filed suit against Marsh & McLennan Companies, Boeing and Boieng Capital, claiming the companies misappropriated trade secrets to launch the Aircraft Finance Insurance Consortium. read more

Mergers / Acquisitions

Marlin Acquires Fleet Financing Resources

Bank holding company Marlin Business Services acquired Fleet Financing Resources, a specialty lender with a foundation in transportation equipment financing. read more

New Ventures

Worldfab Establishes Equipment Investment Program

Worldfab established an equipment leasing investment program with alternative investment advisory firm Atalaya Capital Management to fund equipment leases and other transactions originated by Worldfab. read more

Of Interest

L1 Treasury, Airborne Commit $250MM to Launch AltitudeOne Aviation

L1 Treasury and Airborne Capital launched AltitudeOne Aviation with plans to acquire a portfolio of leased in-production narrow body and wide body commercial aircraft. read more

People

Crossroads Appoints Kachidurian EVP/Business Development

Jim Kachidurian joined Crossroads Equipment Lease and Finance as executive vice president – Business Development. He will report to Howard Shiebler, president of Crossroads. read more

Program Agreements

Manufacturers Capital Partners with Xometry on Shop Advantage Program

Xometry launched the Xometry Shop Advantage Program, an exclusive program for 2,400 small to mid-size manufacturing businesses. Manufacturers Capital is among the industry partners participating in the program. read more

Recent Earnings

CALC Total Revenue Tops $205.4MM in H1/2018

China Aircraft Leasing Group (CALC), a full value-chain aircraft solutions provider for global airlines, released its financial results for the first six months of 2018, ending on June 30. read more

Securitization

Commercial Credit Group Closes $251.7MM Term ABS

Commercial Credit Group, an independent commercial equipment finance company, closed a 144a privately-placed term asset-backed security transaction. read more

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Terry Mulreany
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