News Topics

Aircraft Deals

Avolon Celebrates the World’s First A330neo Delivery to TAP Airlines

Avolon celebrated the delivery of the world’s first Airbus A330neo to TAP Airlines. read more

Associations

Education Grants Available for Equipment Finance Professionals

The Chris Walker Education Fund Board of Trustees is now accepting grant requests until the application deadline of January 31, 2019. read more

Economy

ELFF 2019 Outlook Forecasts 4.1% Investment Expansion, 2.3% GDP Growth

Investment in equipment and software is projected to expand 4.1% in 2019 according to the 2019 Equipment Leasing & Finance U.S. Economic Outlook released by the Equipment Leasing & Finance Foundation. read more

Equipment Sector

ACT U.S. Tractor Dashboard Falls into Negative Territory

According to ACT Research’s latest release of the ACT North American Commercial Vehicle OUTLOOK, signs continue to mount that the freight cycle is getting long in the tooth. read more

Industry

Balboa Becomes Preferred Lender for Checkers & Rally’s Franchise Owners

Balboa Capital is now recognized by Checkers & Rally’s as a preferred lender for its nearly 900 franchise owners in the U.S. read more

International

NIB & Srei Equipment Finance Launch Leasing Facility in India

The Nordic Investment Bank and Srei Equipment Finance have agreed on a loan program for financing the acquisition or leasing of industrial equipment. 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

FASB Issues Narrow-Scope Improvements to Accounting for Lessors

The Financial Accounting Standards Board issued an Accounting Standards Update expected to reduce lessor’s implementation and ongoing costs associated with applying the new leases standard. read more

Legal / Fraud

Brazilian Court Blocks Embraer-Boeing JV Deal

Reuters reported that a federal court in Brazil blocked a proposed joint venture deal between Boeing and Embraer. read more

Mergers / Acquisitions

Macquarie to Acquire Waypoint Leasing Assets for $650MM

Waypoint Leasing Holdings entered into an agreement to be purchased by Macquarie Group for approximately $650 million. read more

New Ventures

Almada to Launch Aircraft Leasing Venture

Aviator reported that Toronto-based private-equity firm Almada will launch a new aircraft leasing company of the same name, backed by a C$80 million investment. read more

Of Interest

Police Search Deutsche Board’s Offices on Money Laundering Allegations

Reuters reported that police searched the offices of all Deutsche Bank board members in connection with allegations linked to the Panama Papers. read more

People

TimePayment Appoints GE Vet as Director of Strategic Alliances

Sue Monfore will focus on building strategic vendor alliances for TimePayment in micro-ticket equipment finance. read more

Program Agreements

North Star Leasing Selects IDS Solution to Support Growth

North Star Leasing selected International Decision System, a provider of equipment finance and origination software, and its IDScloud solution to support its growing equipment leasing business. read more

Recent Earnings

Deere Q4 Earnings Skyrocket 54%

Deere reported reported Q4/18 net income of $784.8 million, an earnings increase of 54%. Net sales rose 18% to $8.3 billion. read more

Securitization

DLL Closes $1B+ Securitization; Largest U.S. Deal in Recent History

DLL announced the closing of DLL 2018-2 ABS securitization transaction in the U.S. exceeding $1 billion. This is the largest equipment deal in the recent history in U.S. markets. read more

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Terry Mulreany
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