News Topics

Aircraft Deals

Embraer Delivers 210 Jets in 2017, Meets Projections

Embraer delivered a total of 210 jets in 2017, of which 101 were commercial aircraft and 109 were executive jets (72 light and 37 large). read more

Associations

CLFP to Hold Academies in California, Kansas and Ohio in 2018

The Certified Lease & Finance Professional (CLFP) Foundation scheduled the first three Academies for Lease & Finance Professionals (ALFP) for 2018. read more

Economy

PayNet: U.S. Small Business Lending Builds Momentum

According to PayNet, small business lending expanded in November 2017 with 11 of 18 sectors reporting a lending increase over the past 12 months. read more

Equipment Sector

Transport Topics: December Class 8 Retail Sales Rise 43% Y/Y

Transport Topics, citing data from WardsAuto.com, reported a 43% increase in U.S. class 8 retail sales in December 2017 compared to the same month in 2016. read more

Industry

First National Capital Reports Record $70.1MM in Q4 Fundings

First National Capital, a full-service commercial equipment and aviation finance provider, reported record fundings of $70.1 million in Q4/17. read more

International

China Aircraft Leasing Group Orders 15 A320neos

China Aircraft Leasing signed a purchase agreement for 15 A320neos, valued at $1.63 billion at list prices. read more

Lease Accounting

Accruent, PwC Partner to Prepare Customers for Lease Accounting Changes

Accruent entered into a joint business relationship with PwC, collaborating to prepare customers for FASB/IASB lease accounting changes. read more

Legal / Fraud

CIT Pays $29.9MM to Settle Mortgage Servicing Rights Case

CIT agreed to a settlement of $29.9 million to resolve claims that it failed to meet its contractual obligations to indemnify Ocwen Loan Servicing for losses allegedly suffered from mortgage servicing errors. read more

Mergers / Acquisitions

ABLE Equipment Rental Expands into Pennsylvania

ABLE Equipment Rental, a supplier of construction equipment rentals, sales, service and parts, purchased the assets of Key Equipment of Honey Brook, PA. read more

New Ventures

Veterans Capital Fund Launches Seven Leaf Capital

Veterans Capital Fund, an investment leasing fund which works with early stage and emerging growth companies nationwide, launched Seven Leaf Capital. read more

Of Interest

Ritchie Bros. Acquires OK-Based Collector Car Auctioneer

Ritchie Bros. acquired Leake Auction, an Oklahoma-based collector car auctioneer, established in 1972. read more

People

First Financial Hires Hardy as Regional Vice President

First Financial Corporate Services, an independent provider of equipment leasing in the material handling and automation industry, hired Elise Hardy as regional vice president of sales. read more

Program Agreements

Siemens Financial, Fluence Launch Financing Program for Energy Storage

Siemens Financial Services and Fluence, a Siemens and AES company, announced a comprehensive financing program to support customers in their investments in energy storage solutions. read more

Recent Earnings

Wells Fargo Q4 Results Reflect $3.35B Tax Act Benefit

Wells Fargo reported 2017 net income of $22.2 billion was up from $21.6 billion a year earlier. The bank noted Q4/17 results included a $3.35 billion after tax benefit from the tax act. read more

Securitization

Moody’s Upgrades SCF Equipment Leasing 2017-1

Moody's Investors Service upgraded one security and affirmed three securities from SCF Equipment Leasing 2017-1 LLC. read more

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Terry Mulreany
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