WEEKLY NEWS ARCHIVE
- Nov. 27 - Dec. 3rd
- Nov. 20 - 26th
- Nov. 13 - 19th
- Oct. 23 - 29th
- Oct. 16 - 22nd
- Oct. 9 - 15th
- Sep. 25 - Oct. 1st
- Sep. 18 - 24th
- Sep. 11 - 17th
- Aug. 28 - Sep. 3rd
- Aug. 21 - 27th
- Jul. 17 - 23rd
Leasing News for Nov. 27 - Dec. 3rd
EverBank Expands Industrial Leasing Team, Sullivan Named National Sales Manager
December 2nd, 2011 — EverBank Commercial Finance, Inc., the equipment financing and asset-based lending subsidiary of EverBank, announced today that Ray Sullivan has joined the company’s Industrial Group as National Sales Manager. In this role, Mr. Sullivan will be responsible for the overall sales management of the Industrial Group, along with strategic growth initiatives. Mr. Sullivan will report to Sam Smith, Manag...
Bloomberg: The Slimming Down of GE Capital
December 2nd, 2011 — For years, General Electric (GE) could count on its finance unit, GE Capital, to provide some earnings muscle when other divisions at the industrial giant wavered. But when the financial crisis hit in 2008, rightly or wrongly, GE Capital—by then with assets equaling those of the sixth-largest U.S. bank—found itself lumped in with Wall Street banks and other complex financial companies.
Ever since,...
Obama Announces Nearly $4 Billion Investment in Energy Upgrades to Public and Private Buildings
December 2nd, 2011 — President Obama announced nearly $4 billion in combined federal and private sector energy upgrades to buildings over the next 2 years. These investments will save billions in energy costs, promote energy independence, and, according to independent estimates, create tens of thousands of jobs in the hard-hit construction sector. The $4 billion investment announced today includes a $2 billion commitm...
Jet Airways to Lease 10 A320s for JetLite Fleet
December 2nd, 2011 — The country’s largest private carrier Jet Airways is talking to leasing companies to acquire more than 10 Airbus A320s through a sale and leaseback option at a time when the aviation industry is going through a turbulent phase caused by soaring aviation fuel prices and a depreciating rupee.
With Kingfisher Airlines planning to phase out its low-cost airline Kingfisher Red in two months – Red accou...
Ritchie Bros. Closing 2011 with Six Equipment Auctions in Europe and Middle East
December 2nd, 2011 — World’s largest industrial auctioneer will sell more than 7000 items in the last six weeks of 2011.
Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world’s largest industrial auctioneer, will conduct six unreserved equipment auctions in Europe and the Middle East in the last weeks of 2011. More than 7000 items will be sold at these auctions, with more equipment and trucks being added in the com...
Profits Soar at Aergo Capital Ltd.
December 2nd, 2011 — PROFITS from the sale of the South African Safair group resulted in pre-tax profits at Denis O’Brien’s aircraft leasing company, Aergo Capital Ltd increasing sharply to $29.4 million (€21.8m) last year.
Accounts just filed by Dublin-based Aergo Capital show that pre-tax profits increased to $29.4m in the 12 months to the end of December from $2.68m in 2009.
The company made the increase in profits...
LeasePlan USA Recognized as One of Chicago Tribune’s Top 100 Workplaces for 2011
December 2nd, 2011 — LeasePlan USA, the premium service provider of vehicle leasing and fleet management solutions, was recently named one of the Chicago Tribune’s Top 100 Workplaces for 2011.
“LeasePlan USA is about satisfying our clients with exceptional service, and our employees take great pride in that. That’s what makes us a top workplace,” said Michael A. Pitcher, president and CEO.
Besides the direction of the...
TCF Financial Corporation Completes Acquisition of Gateway One Lending & Finance, LLC
December 1st, 2011 — TCF Financial Corporation (“TCF”) (NYSE: TCB) announced that its wholly-owned subsidiary, TCF National Bank, has completed its previously announced acquisition of Gateway One Lending & Finance, LLC (“Gateway One”). With the completion of the transaction, Gateway One is now a wholly-owned subsidiary of TCF National Bank.
Headquartered in Anaheim, California, Gateway One utilizes its more than 3,200...
The Investment Program Association Elects Martel Day Chairman of the Board
December 1st, 2011 — The Investment Program Association (IPA) has named Martel Day of Independence Realty Advisors, LLC as Chairman of the Board for 2012, and has added six new Board of Directors members. Mr. Day will lead the Board as the IPA continues to raise awareness and educate advisors and investors about the benefits of diversifying a portfolio with Direct Investments, including Non-Listed REITs (NLREITs), Oil...
Clopton Capital Explores Partnership with Licensed Automotive Dealers
December 1st, 2011 — Clopton Capital is a semi truck financing provider and is located in Chicago, IL. They primarily focus on commercial mortgages, SBA loans and niche financing mechanisms such as gas station loans and owner operator financing.
They are currently seeking a partnership with an Illinois licensed automotive dealer license holder. The firm believes that if they can get a local partnership with a dealer t...
Trinity Industries Leasing Company Announces Executive Appointment
December 1st, 2011 — Trinity Industries Leasing Company (“TILC”) announced that Jesse V. Crews has been named its Chief Investment Officer. Mr. Crews will be responsible for TILC’s capital market activities as well as long-term portfolio management strategy.
“Jesse Crews’ proven track record of success in the leasing industry will be a great addition to our leadership team,” said D. Stephen Menzies, Senior Vice Presid...
System ID Chooses FirstLease as Preferred Leasing/Finance Vendor
December 1st, 2011 — System ID, The Barcode People, announced that it has partnered with FirstLease, Inc., as its leasing and finance vendor of choice. FirstLease specializes in leasing IT equipment to small- and medium-sized businesses, with a minimum lease value of $3,000 and same-day approval for transactions up to $50,000.
This leasing option gives System ID customers another way to take advantage of the accelerat...
Catholic Church in Western Illinois Sued Over Equipment Lease
December 1st, 2011 — A lender has filed suit against the church that it claims failed to pay it more than $100,000 for equipment borrowed.
CIT Technology Financing Services claims it lent office equipment to defendant St. Boniface Catholic Church on June 10, 2008. St. Boniface agreed to lease the equipment for 60 months at $1,895 per month, according to the complaint filed Nov. 22 in Madison County Circuit Court.
In a...
NetSol Technologies to Webcast, Live, at RetailInvestorConferences on December 1
November 30th, 2011 — NetSol Technologies, Inc. (NASDAQ: NTWK), a worldwide provider of global IT and enterprise application solutions, announced that Najeeb Ghauri, Chief Executive Officer and Chairman, and Shaz Khan, Senior Vice President, COO and Co-Founder of Vroozi, Inc., a wholly-owned subsidiary of NetSol, will present at RetailInvestorConferences.com.
DATE: December 1, 2011
TIME: 11:00 AM EST
LINK: www.retaili...
Leaseurope’s New Report Demonstrates Leasing is Crucial Source of Finance for SMEs
November 30th, 2011 — Leaseurope, the trade association representing the European leasing and automotive rental industries, has released a report1 on the use of leasing amongst European SMEs2, undertaken by leading economic consultancy Oxford Economics. The report is based on a survey conducted in July 2011 on the use of leasing amongst European SMEs. Just under 3,000 SMEs were interviewed across 9 industrial sectors a...
GECAS to Lease Two Airbus A330-300s to China Airlines
November 30th, 2011 — GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing unit of GE, announced it will lease two new Airbus A330-300 aircraft to China Airlines to further expand their fleet.
The aircraft come from GECAS’ existing order book with Airbus. Delivery of the first aircraft is scheduled for the fourth quarter of 2013.
China Airlines, founded in December 1959, is the f...
Jet Airways Acquires $300 Million from Plane Sale, Leaseback
November 30th, 2011 — Jet Airways Ltd, India’s largest airline, plans to sell and lease back aircraft it owns to raise up to $300 million over the next six months and cut its debt, a top official told Reuters on Tuesday.
The airline, which has a near-quarter local market share, intends to sell and lease back part of the 40 planes that it owns, M Shivkumar, senior vice-president – finance, told Reuters on Tuesday.
“We h...
AerCap Announces Filing of Interim Financial Report for the First Nine Months of 2011
November 30th, 2011 — AerCap Holdings N.V. (NYSE: AER) announced it has filed an interim financial report including its unaudited condensed consolidated financial statements and notes for the nine months ended September 30, 2011 with the U.S. Securities and Exchange Commission (the “SEC”). AerCap’s Form 6-K can be accessed on the Investor Relations page of the Company’s website at www.aercap.com, as well as on the SEC’...
Caterpillar Foundation Partners With Water.org to Expand WaterCredit in India, Indonesia
November 30th, 2011 — Caterpillar Inc. (NYSE: CAT) announced that the Caterpillar Foundation and Water.org announced a $3 million partnership to reach more than 218,000 people with clean water and sanitation over the next three years. The program will support a significant expansion of Water.org’s WaterCredit activities in India, and also fund a market assessment to explore the launch of WaterCredit in Indonesia for th...
ZRG Partners Launches Global Equipment Leasing and Finance Hiring Index
November 30th, 2011 — Initial index shows 18% drop in new hiring in November
ZRG Partners has announced the launching of the ZRG Partners GELAF Index, a broad and comprehensive monthly analysis of global online job demand in the equipment leasing and asset based financing sectors. Based on a real-time review of employer job opportunities garnished from a representative selection of corporate career sites and job boards...
GE Says Health-Equipment Investments Yield $1.5 Billion in Sales
November 29th, 2011 — General Electric Co.’s investments in new health-care equipment and devices introduced this year, including processes that limit radiation exposure from imaging scans, will generate about $1.5 billion a year in new revenue.
“We’ve made significant investments in technology over the last few years and the good news is that technology is coming to bear now,” Tom Gentile , the executive who leads the...
B2BeTrader Launches Tool for Businesses to Re-Market Used Equipment
November 29th, 2011 — B2BeTrader launches a tool for businesses to re-market used capital / resources. Giving businesses a chance to score some great deals on used equipment, supplies and services.
At a time when more and more businesses are looking for ways to operate more efficiently, B2BeTrader announces launch of new website with a clever solution. It’s a free directory where businesses can list their used IT equip...
Giga Capital Corporation Announces Proposed Qualifying Transaction
November 29th, 2011 — Giga Capital Corporation (the “Corporation”) (TSX VENTURE:GIG.H), a capital pool company, announces that it has entered into a letter of intent (“Letter of Intent”) dated November 28, 2011 with Chang Li Holdings Ltd. with respect to the proposed acquisition of all of the issued and outstanding shares of Tongli Enterprises Development (HK) Company Ltd. (“Tongli”).
About Tongli:
Tongli carries on th...
Citi’s Economists Forecast Recession and Expansion in a Turbulent World, New Report on 2012
November 29th, 2011 — Citi’s economists are forecasting slower global growth, a recession in the Euro Area and further sovereign debt downgrades over the next two to three quarters.
In a seminal report released today — “Prospects for Economies and Financial Markets in 2012 and Beyond” — Citi’s economists also forecast a resurgence of global political risk and a lengthy period of ultra low nominal and negative real inte...
RBS Considering Final Bids for RBS Aviation Capital
November 29th, 2011 — The Royal Bank of Scotland has collected final bids for its RBS Aviation Capital aircraft leasing business and hopes to select a preferred bidder early next year, Reuters wrote Monday. China Development Bank, Wells Fargo, Sumitomo Mitsui Financial Group and a Macquarie-led consortium are in the running for the business, which RBS is selling as part of a broader strategy to divest non-core assets....
Mijndomein Auto Introduces a CO2 Neutral Private Lease Concept with TomTom Technology
November 29th, 2011 — TomTom and private lease company Mijndomein Auto partner-up to offer a CO2 neutral private lease programme.
Consumers and businesses can lease a brand new Peugeot, equipped with TomTom Business Solutions technology for €219 per month. The CO2 emission will be compensated by Mijndomein Auto into a Gold Standard accredited carbon offset project.
The fuel efficient Peugeot is equipped with a semi-int...
Air Australia Confirms Four Planes, Offers New Destinations and New Look
November 29th, 2011 — Fledgling Aussie airline Air Australia Airways has confirmed it will add four additional aircraft to its fleet to make way for more domestic and international flights.
The airline has finalized lease agreements with International Lease Finance Corporation ILFC to take delivery of an initial two 286 seat Airbus A330-200 aircraft. It will also reposition two of its 180 seat Airbus A320 aircraft from...
Industrial and Commercial Bank of China Expands Car Loan Business
November 29th, 2011 — Industrial and Commercial Bank of China plans to use its local leasing unit as a regional hub for its car loan business.
Thailand’s status as an automaking centre, plus the Thai unit’s strong performance in the car loan business, prompted ICBC Group to explore using ICBC (Thai) Leasing to expand in Southeast Asia.
ICBC (Thai) Leasing, formerly ACL Leasing, is just one arm of the Chinese financial...
Aircraft Lease Agreements to be Explored at Legal Workshop in Washington DC
November 29th, 2011 — Aeropodium is honored to present the 4th Legal Aviation Workshop (LAW) on Legal Aspects of Aircraft Lease Agreements to be held on December 9, 2011 in Washington DC, United States.
The Workshop Speakers are Mark Atwood (Member, Cozen O’Connor), Jamie Baldwin (Lecturer, Author and Consultant on Air Transportation, Adjunct Instructor, Embry-Riddle Aeronautical University), Darrel M. Seife (Vice Pres...
Leaseurope Index Results: Q3 2011 Shows Continuous Improvement over Q2 2011
November 28th, 2011 — The Leaseurope Index tracks key performance indicators of a sample of European lessors on a quarterly basis. Q3 2011 is the third edition of this survey. The results of the third quarter of 2011 showed a continuous improvement in the vast majority of key indicators compared to Q2 2011. Pre-tax profit of companies in the sample increased by 26.9% compared to Q3 2010 (see table 1), improving by a sl...
NetSol Forms Wholly Owned Foreign Enterprise in China
November 28th, 2011 — NetSol Technologies, Inc. a worldwide provider of global IT and enterprise application solutions, announced that Chinese regulators approved the company’s application to establish its subsidiary, NetSol Technologies (Beijing) Co., as a wholly owned foreign enterprise (WOFE).
The formation of the subsidiary arrives on the heels of NetSol entering a second phase strategic partnership with China-base...
CIT is Joint Lead Arranger in Trusthouse Services’ Acquisition of A’viands Food Services
November 28th, 2011 — CIT Group Inc. cit.com, a leading provider of financing to small businesses and middle market companies, announced that it has provided a senior secured credit facility to TrustHouse Services Group, Inc. to finance its acquisition of A’viands Food Services Management, a regional foodservice provider to the healthcare and education sectors. TrustHouse is a portfolio company of Gryphon Investors, a...
Micro-P Launches Financial Services for Channel Partners
November 28th, 2011 — Distributor Micro-P is backing its channel partners with the launch of a financial services scheme.
Micro-P sales and commercial director Paul Bryan said: ‘From the beginning of the credit crunch financial institutions tightened the criteria by which they would lend money, making it very difficult to get finance at a reasonable price.
‘Micro-P’s success is dependent on the success of our resellers...
Reuters: RBS Studies Final RBS Aviation Capital Bids
November 28th, 2011 — Royal Bank of Scotland is examining a final set of bids for its RBS Aviation Capital aircraft leasing business and hopes to select a preferred bidder early next year, said two sources with knowledge of the matter.
China Development Bank, Wells Fargo Sumitomo Mitsui Financial Group and a Macquarie-led consortium are in the running for the business, which RBS is selling as part of a broader strategy...
Biologics Modular Announces Exclusive Leasing Program for Cleanrooms
November 28th, 2011 — Biologics Modular announced that they have entered into an agreement with MEI Healthcare Capital to provide a leasing program for cleanrooms and manufacturing facilities. This new program will allow both small and large companies to lease the facilities needed to produce FDA regulated material.
“Traditional facility building processes burn through millions of capital dollars and years of potentia...
