News Topics

Aircraft Deals

Air Lease Delivers Boeing 737 MAX 8 Aircraft to Travel Service

Air Lease delivered one new Boeing 737 MAX 8 aircraft on lease to Prague-based Travel Service (SmartWings).  read more

Associations

ELFA Honors Eimers with 2018 Distinguished Service in Advocacy Award

The ELFA selected Conrad Eimers, president of Vision Financial Group, to receive its 2018 David H. Fenig Distinguished Service in Advocacy Award. read more

Economy

Small Business Sector Closes Q1/18 in Expansion Mode

In its latest quarterly credit outlook, PayNet noted that the small business sector closed Q1/18 with a healthy increase in investment and relatively moderate risk. read more

Equipment Sector

ACT: April’s NA Class 8 Orders Continue Above-Capacity Trend

ACT Research reported that North American Class 8 net orders totaled 34,735 units in April. read more

Industry

Ritchie Bros. Sells $44MM of Equipment at Fort Worth Auction

Ritchie Bros. sold more than $44 million of equipment and trucks over two days at its live, unreserved auction in Fort Worth, TX. read more

International

Scorpio in Sale/Leaseback Agreements for Five Product Tankers

Scorpio Tankers agreed to sell and leaseback three product tankers and two LR2 product tankers to AVIC International Leasing. read more

Lease Accounting

LeaseAccelerator, RSM Partner on Middle Market Lease Accounting Solution

RSM, a provider of audit, tax and consulting services for the middle market, joined LeaseAccelerator’s partner program. read more

Legal / Fraud

Yahoo to Pay $35MM for Failure to Disclose Cybersecurity Breach

The SEC announced the entity formerly known as Yahoo has agreed to pay a $35 million penalty to settle charges that it failed to disclose on the world’s largest data breaches. read more

Mergers / Acquisitions

H&E Equipment Services Completes Acquisition of Rental Inc.

H&E Equipment Services completed its acquisition of Rental, Inc., a non-residential construction-focus equipment rental company with five branches located throughout Alabama and Florida. read more

New Ventures

Navitas Credit Launches New Middle Market Equipment Finance Group

John Martella will join Navitas Credit as senior vice president of the newly formed Navitas Capital division. Jean Cutting also will join the division as vice president of Business Development. read more

Of Interest

China Dominates Global Bank Rankings; Wells Fargo Loses No. 10 Spot

According to a report from S&P Global, Chinese banks collectively hold the largest share of total assets held by the top 100 global banks. Credit Agricole replaced Wells Fargo in the No. 10 slot by $165 million. read more

People

Marks Named to Head Wells Fargo Commercial Capital, Blakey to Retire

Wells Fargo named David Marks, current head of Capital Finance, the successor to Ed Blakey, who is retiring, as head of Wells Fargo Commercial Finance. read more

Program Agreements

TCF Indirect Subsidiary & 6fusion Launch Pay-As-You-Go IT Program

6fusion and Winthrop Resources, a division of TCF Bank and an indirect subsidiary of TCF Financial, launched a program allowing companies to rapidly switch their IT investments to true pay-as-you-go consumption. read more

Recent Earnings

Element Fleet Q1 Originations up 10.5% Y/Y

Element Fleet Management announced core fleet originations in Q1/18 were C$1.47 billion, up 10.5% from C$1.33 billion in Q1/17. read more

Securitization

KBRA Assigns Preliminary Ratings to SCF Equipment Leasing 2018-1

KBRA assigned preliminary ratings to seven classes of notes from SCF Equipment Leasing 2018-1 and SCF Equipment Leasing Canada 2018 Limited Partnership Equipment Contract Backed Notes, Series 2018-1. read more

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