News Topics

Aircraft Deals

China Development Bank Leasing Aircraft Deal worth $12.6B

China Development Bank Financial Leasing signed agreements to buy 60 aircraft from Boeing and 45 planes from Airbus in deals totaling $12.6 billion at their list prices. read more

Associations

Key EF Canada COO Named Chairman of the CFLA

Richard McAuliffe, senior vice president and chief operating officer of Key Equipment Finance Canada, was named chairman of the board of directors of the CFLA. read more

Economy

Middle Market Businesses Less Optimistic For First Time Since Election

The RSM U.S. Middle Market Business Index, presented in partnership with the U.S. Chamber of Commerce announced the index declined in Q3/17, following a record-high reading in Q2/17. read more

Equipment Sector

Bloomberg: Low Fuel Prices Keep Older Planes Flying

Bloomberg reported that the aircraft intended to replace jumbo jets like the Boeing 747 and Airbus’s A380 are feeling the pinch brought on by the drop in jet fuel which is down by 40% from 2014. read more

Industry

Maxim Crane Places Large Order for New Alimak Hoists

Alimak Hek and Maxim Crane Works formed a strategic alliance. Alimak Hek will supply personnel and material hoists to complement Maxim Crane Works’ tower crane and lifting services rental fleet. read more

International

TIP Trailer Services Refinances ABS Program

European equipment service provider TIP Trailer Services successfully refinanced its asset backed securitization program. read more

Lease Accounting

Webster Joins LeaseAccelerator as VP of Professional Services

Bevan Webster joined LeaseAccelerator as vice president of Professional Services. He will have responsibility for implementing all new enterprise lease accounting software projects for the company’s customer base. read more

Legal / Fraud

Vedder Price Expands Global Transportation Finance Practice

Attorney Dylan Potter joined Vedder Price as a partner in its Global Transportation Finance group at the firm’s London office. read more

Mergers / Acquisitions

GE Sells Industrial Solutions Business to Switzerland’s ABB

Switzerland’s ABB announced the acquisition of GE Industrial Solutions for $2.6 billion. GE’s global electrification solutions is headquartered in Atlanta and has about 13,500 employees around the world. read more

New Ventures

CCG Hires Sala to Run Transfac Capital

Commercial Credit Group hired Steven Sala to head its newly acquired factoring subsidiary, Salt Lake City-based Transfac Capital. read more

Of Interest

Report: JPMorgan Most Popular Brand, U.S. Bank Most Loyal Customers

According to Brand Finance research, JPMorgan Chase was ranked as the most popular brand in the U.S. Wells Fargo was voted the least trusted bank. U.S. Bank proved to have the most loyal customers. read more

People

Ritchie Bros. Financial Services Appoints Macaskill Managing Director

Ritchie Bros. Financial Services appointed Blake Macaskill managing director. Macaskill previously served with CIT Canada, DLL and GE Capital. read more

Program Agreements

Freedom Boat Club Selects Northpoint Commercial for Finance Program

Freedom Boat Club selected Northpoint Commercial Finance as it provider for a new, specially designed install and pay finance program for its franchise network. read more

Recent Earnings

HPE Financial Q3/17 Earnings Off Despite Revenue Increase

HP Enterprise's Financial Services segment revenue was $897 million in fiscal Q3/17, up 10.5% from $812 million a year earlier. Pre-tax earnings for the same period of $70 million were down 12.5% from $80 million in fiscal Q3/16. read more

Securitization

Phoenix American Financial Hires SVP, Fund Accounting

Phoenix American Financial hired Justin Deitrick as senior vice president, Fund Accounting. PAF provides administration and accounting services for asset backed securitizations, specializing in the commercial aircraft and engine leasing industry. read more

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Terry Mulreany
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