News Topics

Aircraft Deals

Voyager Aviation Holdings Leases 2 Airbus A330-200 Aircraft to Italia Trasporto Aereo

Voyager Aviation Holdings closed a transaction with Italia Trasporto Aereo (ITA), Italy’s new national airline and flag carrier, for the lease of two Airbus A330-200 aircraft. The aircraft are part of ITA’s initial fleet, which commenced operations on Oct. 15. read more

Associations

ELFF Projects 5.3% Economic Growth for U.S. in 2021

The Equipment Leasing & Finance Foundation released its Q4/21 Equipment Leasing & Finance Industry Snapshot. In the snapshot, the ELFF projects a final growth rate of 5.3% for the U.S. economy this year while warning of fiscal policy uncertainty and concerns about high inflation. 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

ELFF Projects 5.3% Economic Growth for U.S. in 2021

The Equipment Leasing & Finance Foundation released its Q4/21 Equipment Leasing & Finance Industry Snapshot. In the snapshot, the ELFF projects a final growth rate of 5.3% for the U.S. economy this year while warning of fiscal policy uncertainty and concerns about high inflation. read more

Economy

Q4 Update to ELFF’s Outlook Forecasts 13.2% Growth in Equipment Investment in 2021

Owing largely to the burst of business activity in the spring and early summer that came in part thanks to rising vaccination rates, equipment and software investment is expected to grow 13.2% this year, according to the Q4 update to the Equipment Leasing & Finance Foundation’s 2021 Equipment Leasing & Finance U.S. Economic Outlook. read more

Equipment Sector

ACT Research: Used Class 8 Volumes Increase 5% M/M, Drop 25% Y/Y in September

According to the latest preliminary release of ACT Research’s State of the Industry: U.S. Classes 3-8 Used Trucks report, used Class 8 volumes (same dealer sales) increased 5% month over month but dropped 25% year over year in September. read more

Industry

ELFF Projects 5.3% Economic Growth for U.S. in 2021

The Equipment Leasing & Finance Foundation released its Q4/21 Equipment Leasing & Finance Industry Snapshot. In the snapshot, the ELFF projects a final growth rate of 5.3% for the U.S. economy this year while warning of fiscal policy uncertainty and concerns about high inflation. read more

International

CSI Leasing Acquires Leasepartner and Leasemaker in Norway, Launches New Subsidiary 

CSI Leasing acquired two companies in Norway: Leasepartner and Leasemaker. CSI Leasing now has leasing subsidiaries in 10 European countries and services customers in more than 50 countries. read more

Joint Ventures

eBay and bidadoo Announce Strategic Partnership to Transform Heavy Equipment Industry

eBay announced a strategic partnership and investment in bidadoo, an online remarketing and auction company of equipment, trucks and capital assets. read more

Lease Accounting

LeaseAccelerator Launches In-App Education Platform for Lease Accounting Industry

LeaseAccelerator, a provider of lease accounting compliance and Lease Lifecycle Automation (LLA) software, launched LeaseAccelerator University, an integrated and interactive learning platform built into the LeaseAccelerator software-as-a-service application. read more

Legal / Fraud

Marks Joins Messerli Kramer’s Equipment Leasing & Finance Team

Barry Marks, formerly of Marks & Evans, will be joining Messerli Kramer, a law firm based in Minnesota, and its growing team of attorneys in the equipment leasing and finance space. Marks will operate his practice from his Birmingham, AL office. read more

Mergers / Acquisitions

FDIC Approves Merger of BancorpSouth and Cadence Bank

BancorpSouth Bank and Cadence Bancorporation, the parent company of Cadence Bank, received final FDIC approval to merge. The FDIC approval follows recent approvals from the Mississippi Department of Banking and Consumer Finance from shareholders. read more

New Ventures

Oakmont Capital Services Launches Broker Services Division, Hires Koltes and Renneker

Oakmont Capital Services added a broker services division and Missy Koltes, CLFP, joined the company as broker services specialist to co-lead the division with Jim Peach. In addition, Oakmont added Tabitha Renneker as a business development officer. read more

Of Interest

Cloud Infrastructure Spending Declines 2.4% in Q2/21, Still on Track for Growth in Full Year

According to International Data Corporation, spending on compute and storage infrastructure products for cloud infrastructure, including dedicated and shared environments, decreased 2.4% year over year in Q2/21 to $16.8 billion. read more

People

Wintrust Specialty Finance Hires Shipley as SVP and Chief Sales Officer

Craig Shipley joined Wintrust Specialty Finance, a division of Beverly Bank & Trust Company, as senior vice president and chief sales officer. Shipley will be located in Chicago and will focus on the growth of Wintrust Specialty Finance’s wholesale and vendor channels. read more

Program Agreements

AP Equipment Financing Creates Financing Solution for SEA Electric’s Commercial Vehicles

AP Equipment Financing is pursuing an initiative to provide finance programs for package and delivery customers looking to acquire electric vehicles. To begin this initiative, AP Equipment Financing will be providing finance solutions for SEA Electric's suite of electric vehicles. read more

Recent Earnings

Willis Lease Finance Reports 11.4% Y/Y Decrease in Total Revenues in Q2/21

Willis Lease Finance reported Q2/21 total revenues of $66.5 million, marking an 11.4% decrease when compared with the $75 million recorded in the same quarter of 2020. read more

Securitization

GreatAmerica Financial Services Completes 21st Term Securitization

GreatAmerica Financial Services completed its 21st issuance of $513.8 million in privately placed bonds with institutional investors. This issuance of asset-backed bonds secured by a pool of leases followed an earlier placement of $631.5 million in February of this year. read more

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