CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, signed new lease agreements for a fleet of an additional seven narrowbody and widebody aircraft with existing customer Turkish Airlines, the flag carrier of Türkiye. read more
APR 25, 2024 - 6:50 am
The Equipment Leasing & Finance Foundation released its Q2/24 Equipment Leasing & Finance Industry Snapshot, with the report predicting 2.3% economic growth in the U.S. in 2024, as well as a potentially consumer spending slowdown and sluggish global economic growth. read more
APR 25, 2024 - 6:57 am
The American Bankruptcy Institute's Subchapter V Task Force unveiled its final report of recommendations pertaining to the $7.5 million debt sublimit for Subchapter V filings within Chapter 11 of the U.S. Bankruptcy Code, calling for the permanent maintenance of the $7.5 million threshold. read more
APR 22, 2024 - 6:50 am
U.S. corporate finance leaders have increased focus on cutting costs to prepare their firms for potential economic and geopolitical uncertainty, according to the fourth annual U.S. Bank CFO Insights Report. read more
APR 26, 2024 - 6:37 am
The Equipment Leasing and Finance Association’s recent webinar, “Building Inclusive Workplaces: You’ve successfully recruited a diverse workforce, now what?” focused on an exploration of diversity, equity and inclusion principles. read more
SEP 11, 2023 - 7:03 am
The Equipment Leasing & Finance Foundation’s April 2024 Monthly Confidence Index for the Equipment Finance Industry reported that overall confidence in the equipment finance market is 52.9, the second-highest mark for the index in the last two years but a decline from last month’s mark of 55.2. read more
APR 18, 2024 - 6:31 am
Freight demand is nearing an upturn as growing goods spending, a turning inventory cycle and rising industrial production will add to freight demand this year, according to ACT Research, which projected that after a two-year downturn, the upturn is likely to being within the next few months. read more
APR 25, 2024 - 6:53 am
U.S. corporate finance leaders have increased focus on cutting costs to prepare their firms for potential economic and geopolitical uncertainty, according to the fourth annual U.S. Bank CFO Insights Report. read more
APR 26, 2024 - 6:37 am
The Certified Lease & Finance Professional Foundation added 18 new CLFPs who recently passed the eight-hour online proctored CLFP exam. read more
OCT 9, 2023 - 7:11 am
Société Générale signed a memorandum of understanding with French banking company Group BPCE for the divestment of its equipment finance business for a purchase price of €1.1 billion ($1.18 billion). read more
APR 11, 2024 - 6:53 am
Equipment Finance Cares formed a strategic partnership with the American Association of Commercial Finance Brokers. Through this collaboration, Equipment Finance Cares will organize community activities preceding AACFB conferences, including a charity conference prior to the AACFB’s upcoming annual conference in Arizona. read more
MAR 27, 2024 - 6:42 am
Results from the 2023 Global Lease Accounting Survey conducted by LeaseAccelerator, in collaboration with Ernst & Young, highlighted a post-compliance push for return on investment. read more
DEC 22, 2023 - 6:38 am
The U.S. Attorneys' Office for the Eastern District of North Carolina announced that Armando Binelo of Pigeon Forge, TN, pled guilty for his role in a $20 million leasing fraud scheme. Daniel Raymond, of Mebane, NC, previously pled guilty to conspiracy to commit mail fraud and wire fraud in relation to the scheme and was sentenced to 84 months in prison. Binelo faces up to 20 years in prison when sentenced. read more
APR 23, 2024 - 6:49 am
Business First Bancshares, the holding company for b1BANK, entered into a definitive agreement to acquire Oakwood Bancshares and its wholly-owned bank subsidiary, Oakwood Bank, in an all-stock transaction for total consideration value of approximately $85.7 million. read more
APR 26, 2024 - 6:33 am
Odessa, a software and technology provider for the lending and leasing industry, launched an auto finance originations platform, the first part of Odessa Auto, an end-to-end auto finance suite. read more
APR 25, 2024 - 6:55 am
Katerina Jones, the chief marketing officer of Fleet Advantage, was honored with the National Private Truck Council’s Excellence in Membership Award at the organization’s 2024 annual conference and exhibition. read more
APR 25, 2024 - 6:53 am
SLR Equipment Finance hired Douglas Slagle as senior vice president of direct sales. In his role, Slagle will help grow SLR Equipment Finance’s leasing and lending activities in California, Oregon, Washington, Idaho, Nevada, Arizona, Utah, Wyoming, Montana and Alaska. read more
APR 26, 2024 - 6:37 am
Commercial solar loan platform Sunstone Credit is partnering with M&T Bank on a program to provide businesses access to solar financing. read more
APR 26, 2024 - 6:36 am
Aviation finance company Avolon reported lease revenue of $2.473 billion in 2023, an increase of 6% year over year. In addition, the company recorded operating cash flow of $1.751 billion (up 45% year over year) and adjusted EBITDA of $2.51 billion (up 6%). read more
FEB 9, 2024 - 6:53 am
Kroll Bond Rating Agency assigned preliminary ratings to three classes of notes issued by Business Jet Securities 2024-1, LLC, a business jet asset-backed securitization transaction sponsored and serviced by Global Jet Capital. read more
APR 4, 2024 - 6:45 am
Terry Mulreany
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