News Topics

Aircraft Deals

GECAS Provides Three A320-200s to GetJet Airlines

Aviation lessor and financer GECAS agreed to lease three A320-200 aircraft to GetJet Airlines with all deliveries to take place in spring 2019. read more

Associations

ELFF, Alta Group See New Financing Opportunities in Robotics

Increased robotics utilization among manufacturers and end-users will generate greater financing opportunities as robotics continue to change how business is conducted in the future, according to a new ELFF study. read more

Economy

Wells Fargo Survey: Small Business Revenues Decrease, Optimism Declines

Small business owners indicated declining optimism in the latest quarterly Wells Fargo/Gallup Small Business Index, with an overall Index score of 106. read more

Equipment Sector

ACT: For-Hire Trucking Volumes Pick Up in January to 52.0

The latest release of ACT Research’s For-Hire Trucking Index showed an improvement in freight volumes and truck productivity in January, after a soft finish to 2018. The Volume Index rose to 52.0 in January, from 49.0 in December. read more

Industry

Crestmark Provides $65.4MM+ in Financing in H1/February 2019

Crestmark provided more than $65.4 million in commercial financing solutions for 72 clients in the first half of February 2019. read more

International

Legal & General Provides $260MM to Support UK Transport Infrastructure

Legal & General provide £200 million ($260 million) in long-term debt financing to support the purchase of new rolling stock for the Wales & Borders franchise by Equitix and SMBC. read more

Joint Ventures

Ascentium Partners with Massage Envy for Strategic Finance Program

Direct lender Ascentium Capital developed a national finance program with Massage Envy, a provider of therapeutic massage and skin care services, to support the latter’s franchisees. read more

Lease Accounting

LeaseAccelerator Introduces New Auto Tester App for ASC 842 Standards

LeaseAccelerator developed a testing application called the Lease Accounting Validator that automates the testing of leases under the new ASC 842 and IFRS 16 standards, as well as frozen GAAP. read more

Legal / Fraud

Former BNY Mellow Legal Exec Goldenberg Joins Reed Smith

Robert Goldenberg joined Reed Smith as counsel in the law firm’s Financial Industry Group. read more

Mergers / Acquisitions

Bankruptcy Court Approves Sale of Waypoint Assets to Macquarie Group

According to a post on Helicoptor Leasing, a bankruptcy judge approved the sale of bankrupt helicopter lessor Waypoint Leasing’s assets – including most of its helicopters – to Macquarie Group and some of its secured lenders. read more

New Ventures

CSI EPC Expands to Vancouver

Toronto-based CSI Electronics Processing Centre, a wholly-owned subsidiary of CSI Leasing Canada, has expanded its operations by opening a facility in Vancouver, BC. read more

Of Interest

FASB Proposes New ASU on Deferred Revenue

The Financial Accounting Standards Board proposed an Accounting Standards Update (ASU) and Invitation to Comment (ITC) on the recognition and measurement of deferred revenue in business combinations. read more

People

Rabobank Names Pasdar Head of NA Markets, CEO of Securities

Nader Pasdar joined food and agribusiness bank Rabobank as head of Markets North America and CEO of Rabobank Securities. The bank also appointed Chris Hartofilis the new head of capital markets in North America. read more

Program Agreements

Avolon Signs up for Rolls-Royce Lifekey Asset Management System

Aircraft leasing company Avolon became a new customer of LifeKey, a component of Rolls-Royce’s LessorCare asset management offering which provides a single, comprehensive agreement for all Trent engine types. read more

Recent Earnings

Trinity Industries Sees $735MM in Revenue in Q4/2018

Trinity Industries reported its earnings results for the fourth quarter and full year of 2018, including net income from continuing operations attributable to Trinity stockholders of $27.6 million for Q4. read more

Securitization

KBRA Upgrades Ratings on Multiple Stonebriar Asset-Backed Securities

Kroll Bond Rating Agency published its results from a comprehensive surveillance review of asset-backed securities issued by subsidiaries of Stonebriar Commercial Finance. read more

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Terry Mulreany
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