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Manufacturers Are More Upbeat About Sales But Do Not Expect Full Turnaround Until 2012
People who are watching the industry barometers of new and used equipment sales expect the market to make slight comebacks this year after a tough 2009. But few are predicting the market to post sizable gains until 2011 or 2012. Overall new-equipment categories are expected to grow 5% in the U.S. this year, followed by 15% gains in 2010 and 14% growth in 2012, says the Milwaukee-based Association ...
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Lloyds Seeks Leasing Partner
The British bank has issued an request for proposals (RFP) for partners to form a joint venture to manage a portfolio of 20 aircraft. Lloyds is looking for a joint venture partner to provide asset management services for a portfolio of leased aircraft, according to three sources who have confirmed receiving an request for proposals (RFP). The bank is also looking for the partner to invest equity ...
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Leasing is Most Important Financing Option
CIT and Forbes Insights' 2011 Global Aerospace Outlook report found that airlines consider leasing the most important way to finance aircraft. The report surveyed 136 airline executives with fleet or finance responsibilities between November and December 2010. According to the report, 54% of respondents said more than half of their fleets are leased. A total of 65% said operating leasing is extre ...
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Is Leasing Right For You
Before making a decision as to whether to lease or not, take into account these benefits that Yale and Hyster have to offer: * Preserves working capital: Without the large capital outlay of a purchase, cash may be strategically re-invested into your business. Credit lines may also be saved for other operating needs. * Predictable and affordable payments: Lease payments can be structured to meet ...
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GA Telesis Acquires Mountain Capital Partners
GA Telesis (GAT), the commercial aerospace company in Florida, and Mountain Capital Partners (MCP) have signed an agreement to merge on September 1. MCP, based in Denver, Colorado, is a private investment firm that specialises in aircraft and engine sales and leases. "We're seeing a lot of activity in the market place and we've been on an acquisition frenzy trying to acquire assets in what is a " ...
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Equipment Leasing and Finance Associations Survey of Economic Activity
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity for the $628 billion equipment finance sector, showed overall new business volume for October was $6.0 billion, up 22 percent from volume of $4.9 billion in the same period in 2010. Volume was down 16 percent from the previous month. Year-to-date cumulative new busine ...
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New equipment leasing content edition...
Equipment Financing Company Beacon Funding to Hire Two Sales Professionals
Beacon Funding Corporation has launched a national search to find strong sales personalities capable of new business development in the equipment financing and leasing marketplace. Specifically, Beacon is looking for business development consultants to manage and develop relationships with tow, boom and work truck manufacturers & dealers in the western United States. In the past decade, Beaco ...
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Ecologic Leasing Services Launches Two Subsidiaries
Ecologic Leasing Services, a global provider of outsourcing, software, and capital sourcing services to both equipment lessees and vendor captive lessors, today announced the launch of two subsidiaries, Ecologic Lessee Services and Ecologic Vendor Services. "For the last 11 years, Ecologic has served both lessee clients and captive vendor lessor clients through one company, one management team, a ...
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EBRD Loan Supports John Deere Leasing in Russia
The European Bank for Reconstruction and Development (EBRD) has agreed to provide Deere & Co, one of the world's leading manufacturers of agricultural equipment, with funding to help set up a new leasing company in Russia. Under the terms of the agreement, signed at the EBRD's annual meeting in Astana, the EBRD will provide a loan of up to Rb4.7 billion (Eu114 million). The five-year loan repres ...
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Cutting Edge
Makino, the global machine tool company, has linked the capabilities of a new series of machining centers with an advanced technology for cutting titanium, the expensive, lightweight and durable metal that coexists easily with composites. In a recent demonstration, company officials exhibited an edge frame for a Boeing 787 that was produced by a five-axis T4 horizontal machine center in 11.1 hr. ...
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Boart Longyear Launches Drilling Equipment Financing Group
Boart Longyear Limited (www.boartlongyear.com) (ASX: BLY) announces a new business division, Boart Longyear Financial Services (BLFS) group. Through a partnership with Ecologic Leasing Services, BLFS now offers customers competitive financing solutions for Boart Longyear mineral exploration drilling equipment. All Boart Longyear drilling capital equipment technologies are included in the new progr ...
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Air Berlin Sells $700 Million Portfolio to ICBC Leasing
The package of 18 new and used aircraft partially closed in September 2010, with the remaining aircraft expected to deliver by 2012 Air Berlin has agreed to sell 18 new and used aircraft to ICBC Leasing, the Chinese lessor which is 100% owned by Industrial and Commercial Bank of China. The deal is worth approximately $700 million. The portfolio to be sold includes 12 new and six used aircraft r ...
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Ag Equipment Leasing
LAST YEAR was a better year for equipment leasing compared to the prior two years. A recent survey of business activity by the Equipment Leasing and Finance Association (ELFA) shows that the equipment finance industry regained some volume in 2010 after losing business volume in 2008 and 2009. Agriculture was among the industries posting the biggest gains. The 2011 Survey of Equipment Finance Acti ...
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