News Topics

Aircraft Deals

Aviation Capital Group Delivers Airbus A321neo to Viva Aerobus

Aviation Capital Group, an aircraft asset manager, delivered one new Airbus A321neo aircraft on long-term lease to Viva Aerobus. read more

Associations

ELFA: Equipment Finance Industry Logs 17% Y/Y Increase in New Business Volume in June

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for June was $10.4 billion, up 17% year over year from new business volume in June 2020. read more

Bankruptcy

ABI: January Total Bankruptcy Filings Decrease More Than 40% Y/Y

Total bankruptcy filings fell more than 40% in January 2021 compared to last year, according to data provided to the ABI by Epiq. Commercial chapter 11 filings in January 2021 totaled 479, a 24% drop from the 631 commercial chapter 11 filings in January 2020. read more

Data

Manufacturing Sector Continues to Grow Despite Challenges with Meeting Demand

Economic activity in the manufacturing sector grew in July, although at a slower rate than June, with the overall economy notching a 14th consecutive month of growth, according to the Manufacturing ISM Report on Business from the Institute for Supply Management. read more

Economy

Manufacturing Sector Continues to Grow Despite Challenges with Meeting Demand

Economic activity in the manufacturing sector grew in July, although at a slower rate than June, with the overall economy notching a 14th consecutive month of growth, according to the Manufacturing ISM Report on Business from the Institute for Supply Management. read more

Equipment Sector

Detmar Logistics Reserves 300 Hypertruck ERX Units from Hyliion

Detmar Logistics executed a reservation agreement covering 300 Hypertruck ERX systems with Hyliion, a provider of electrified powertrain solutions for Class 8 semi-trucks. read more

Industry

TAB Bank Provides $9MM Asset-Based Credit Facility to Chemical Manufacturer

TAB Bank provided a $9 million asset-based credit facility to a chemical manufacturer in Texas. The facility included a $6 million accounts receivable and inventory line and a $2 million equipment loan with additional equipment funding available for future capex needs. read more

International

ACT Research: China’s Commercial Vehicle Market Experiences Sales Uptick in Q1/21

According to the recent release of ACT Research’s China Commercial Vehicle OUTLOOK, sales of commercial trucks and tractors in China grew quarter over quarter and year over year in Q1/21. read more

Joint Ventures

Rabobank and TELUS Agriculture Acquire Conservis

Rabobank and TELUS Agriculture, a global agriculture technology company, acquired Conservis, a company that integrates disparate farm technologies into one interface to manage the business of farming. read more

Lease Accounting

FASB Issues Standard to Improve Lessors’ Accounting for Certain Leases with Variable Lease Payments

The Financial Accounting Standards Board issued an accounting standards update intended to improve an area of the leases guidance related to a lessor’s accounting for certain leases with variable lease payments. read more

Legal / Fraud

Cunningham and Perry Join Moritt Hock & Hamroff’s Trusts and Estates Practice

Jennifer Cunningham and Ronald P. Perry joined Moritt Hock & Hamroff’s trusts and estates practice group. Both joined the firm as associates. Cunningham will work in the firm's New York City office and Perry will work in the firm's Garden City, NY, office. read more

Mergers / Acquisitions

Carlyle Aviation Completes Acquisition of Fly Leasing

An affiliate of Carlyle Aviation Partners completed its previously announced acquisition of Fly Leasing. The closing of the transaction follows the receipt of regulatory approval and approval by Fly Leasing's shareholders. read more

New Ventures

Dext Capital Begins Offering Working Capital Loans

Dext Capital began offering working capital loans of up to $250,000 with terms between three months and 24 months. These loans will be funded directly into a business’s bank account and can be used for any business purpose. read more

Of Interest

Detmar Logistics Reserves 300 Hypertruck ERX Units from Hyliion

Detmar Logistics executed a reservation agreement covering 300 Hypertruck ERX systems with Hyliion, a provider of electrified powertrain solutions for Class 8 semi-trucks. read more

People

First Foundation Bank Expands Commercial Banking Team in Los Angeles

First Foundation Bank expanded its team with the appointment of Matthew Ashworth as senior vice president and director of commercial banking, Leeza Jinian as senior vice president and commercial banking manager and Yenee Mesfin as senior vice president and commercial banker. read more

Program Agreements

DLL to Provide Dealer Floorplan Financing for Forest River

DLL partnered with Forest River, a manufacturer of recreational vehicles, cargo trailers, pontoon boats and specialty vehicles. Dealers of Forest River products will now have the option of financing floorplan and inventory purchases with a DLL line of credit. read more

Recent Earnings

FLY Leasing Signs Merger Agreement with Carlyle Aviation, Reports Net Loss in Q1/21

FLY Leasing reported total revenues of $80.9 million in Q1/21. It also reported a net loss of $3.4 million in the quarter compared with net income of $38.1 million during Q1/20. During the quarter, FLY Leasing signed a merger agreement to be acquired by Carlyle Aviation Partners. read more

Securitization

DLL Closes Eighth U.S. Securitization Transaction at $1B

DLL closed DLLAD 2021-1, a U.S. securitization transaction issuing notes totaling $1 billion. The notes are backed by loans and leases secured with food and agriculture-related equipment. read more

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Terry Mulreany
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