News Topics

Aircraft Deals

Airbus to Acquire Majority Stake in Bombardier C Series Aircraft

Airbus and Bombardier will become partners on the C Series aircraft program. Under the agreement, Airbus will acquire a 50.01% interest and provide procurement, sales, marketing and customer support. read more

Associations

NEFA Funding Symposium Sets Records; Egan Announces Retirement

During the National Equipment Finance Association’s 2017 Funding Symposium, Equipment financial professionals met for networking, educational sessions and meetings with leading edge exhibitors. read more

Economy

ELFF Forecasts 4.3% Growth in Equipment and Software Investment

Investment in equipment and software is projected to expand 4.3% in 2017 according to the Q4 update to the 2017 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation. read more

Equipment Sector

Strong North America Class 8 Production Impacts Backlog, Build Rate

According to ACT Research, despite the previously reported improvement in September’s heavy duty orders, even stronger production during the month weighed on backlogs, which contracted for a fifth consecutive month. read more

Industry

Study Forecasts Equipment Finance Better Positioned for Another Recession

A new study conducted by the Equipment Leasing & Finance Foundation and PayNet shows industry credit quality and performance remain strong and better than pre-recession levels. read more

International

Milestone Provides Two AW169 Helicopters for Emergency Medical Services

Milestone Aviation entered an agreement to lease two AW169 helicopters to Alidaunia of Italy to support its emergency medical services in Italy. read more

Lease Accounting

LeaseAccelerator Named Top 10 Financial Reporting Solution Provider

LeaseAccelerator was recognized as one of 2017’s top 10 financial reporting solution providers in the latest edition of CFO Tech Outlook. read more

Legal / Fraud

Mining Company Rio Tinto, Former Top Executives Charged with Fraud

The SEC charged mining company Rio Tinto and two former top executives with fraud for inflating the value of coal assets acquired for $3.7 billion and sold a few years later for $50 million. read more

Mergers / Acquisitions

Harvard Partners Announces Investment Interests in Commercial Finance

Harvard Partners is seeking to invest in, or purchase, small innovative U.S.-based commercial finance firms. read more

New Ventures

Bank of the West Opens Dallas Commercial Banking Center

Bank of the West opened a new Commercial Banking Center in Dallas. Susan Gardner was recently hired as managing director and regional manager and will lead the new center. read more

Of Interest

GE’s Flannery Wants to Cut Assets in Wake of ‘Horrible’ Results

After GE produced what he called “horrible” results, CEO John Flannery is planning to cut upwards of $20 billion worth of assets, Reuters reported. read more

People

Alta Group Adds Former GE Capital Director

Valerie Pagliaro was appointed director of The Alta Group consultancy. She most recently served as finance director for strategic pricing at GE Capital Americas. read more

Program Agreements

First American Partners with ClassOne on Program Agreement

First American Vendor Finance and ClassOne Group developed a new financing program in order to provide attractive options to semiconductor equipment purchasers. read more

Recent Earnings

GATX Q3 Earnings Reflect “Challenging Conditions”

GATX reported Q3/17 net income of $49.0 million compared to net income of $95.7 million in Q3/16. CEO Brian Kenney said, “Challenging conditions continue in the NA railcar leasing market." read more

Securitization

Pawnee Leasing, Chesswood Close First U.S. Securitization

Chesswood Group’s largest subsidiary, Pawnee Leasing, closed a new $75 million non-recourse asset backed facility with Capital One through its Pawnee Receivable Fund I LLC. read more

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Terry Mulreany
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