News Topics

Aircraft Deals

Air Lease Places Boeing 787-9 with Italy’s Neos

Air Lease announced a long-term lease agreement for one new Boeing 787-9 aircraft on lease to Neos in Italy. read more

Associations

Reuben Receives ELFA 2018 Distinguished Service Award

The Equipment Leasing and Finance Association selected Deborah Reuben, CLFP, president of Reuben Creative, to receive the 2018 Michael J. Fleming Distinguished Service Award. read more

Economy

ELFF: Trucking Industry to Remain Strong for Next Year

The U.S. over-the-road transportation/trucking industry is having its best growth in years and is forecast to remain strong for the next 12 to 18 months before softening, according to the 2018-2019 Vertical Market Series – Road Transportation. read more

Equipment Sector

ATA Truck Tonnage Index Fell 1.8% in August

American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 1.8% in August after increasing 1.9% in July. read more

Industry

Colonnade Publishes Report on Small Ticket Finance & Leasing

Colonnade Advisors released a report on the small ticket equipment finance and leasing industry, noting the sector generates over $330 billion in transaction volume annually. read more

International

Ritchie Bros., PowerChina Sign Multi-Year Sales Agreement

PowerChina Trade Solution Group, one of the world's largest construction companies, selected Ritchie Bros. as a key partner for its surplus equipment disposition. 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

Bloomberg Tax Releases New Solution for FASB ASC 842 Standards

Bloomberg Tax released a new lease assets solution designed to help organizations address and comply with the new FASB ASC 842 standards. read more

Legal / Fraud

Xavian Insurance Sues Marsh, Boeing, Boeing Capital Over AFIC

According to Insurance Insider, Xavian Insurance has filed suit against Marsh & McLennan Companies, Boeing and Boieng Capital, claiming the companies misappropriated trade secrets to launch the Aircraft Finance Insurance Consortium. read more

Mergers / Acquisitions

Marlin Acquires Fleet Financing Resources

Bank holding company Marlin Business Services acquired Fleet Financing Resources, a specialty lender with a foundation in transportation equipment financing. read more

New Ventures

Worldfab Establishes Equipment Investment Program

Worldfab established an equipment leasing investment program with alternative investment advisory firm Atalaya Capital Management to fund equipment leases and other transactions originated by Worldfab. read more

Of Interest

Baker Hughes: Latest Rig Counts Up 12.7% Year/Year

According to Baker Hughes, the oil rig count in the U.S. as of September 14, 2018 was 1,055, up 119 or 12.7% from 936 rigs a year earlier. read more

People

Crossroads Appoints Kachidurian EVP/Business Development

Jim Kachidurian joined Crossroads Equipment Lease and Finance as executive vice president – Business Development. He will report to Howard Shiebler, president of Crossroads. read more

Program Agreements

Manufacturers Capital Partners with Xometry on Shop Advantage Program

Xometry launched the Xometry Shop Advantage Program, an exclusive program for 2,400 small to mid-size manufacturing businesses. Manufacturers Capital is among the industry partners participating in the program. read more

Recent Earnings

CALC Total Revenue Tops $205.4MM in H1/2018

China Aircraft Leasing Group (CALC), a full value-chain aircraft solutions provider for global airlines, released its financial results for the first six months of 2018, ending on June 30. read more

Securitization

Commercial Credit Group Closes $251.7MM Term ABS

Commercial Credit Group, an independent commercial equipment finance company, closed a 144a privately-placed term asset-backed security transaction. read more

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Terry Mulreany
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