The Lessors Network

2019 Economic Outlook Forecasts 4.5% Expansion In Equipment and Software Investment and 2.2% GDP Growth . After two consecutive solid years, equipment and software investment growth is likely to slow in 2019 to 4.5 percent (up from 4.1 percent in the Economic Outlook published in December), according to the Q2 update to the 2019 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation. .

. AviaAM Leasing sells two Airbus A321’s with lease attached . AviaAM Leasing, a global aviation holding company engaged in tailored aircraft leasing and trading services, has announced the sale of two Airbus A321 aircraft to the global investors. .

. LeaseAccelerator Named a 2019 Spend Matters Provider to Watch . LeaseAccelerator has been named a 2019 Provider to Watch by Spend Matters .

. Small Business Loan Approvals at Big Banks Hit New High: Biz2Credit Small Business Lending Index™ . Credit Union Lending Percentages Drop to Historic, Post-Recession Low .

. CIT to Announce First Quarter 2019 Financial Results . Conference Call and Audio Webcast Scheduled for 8 a.m. ET, April 23 .

. Ascentium Capital Surpasses $5 Billion in Funded Volume Since Inception andhas a Strong First Quarter 2019 . Ascentium Capital LLC, an award-winning commercial lender, announced first quarter funded volume of $314.3 million, representing a 13.5 percent increase over the same period last year and managed assets at $2.1 billion. .

. Machine-Tool Orders Drop for Fifth Month . The ongoing decline in demand for machine tools is also apparent in orders reported by several European machine-tool manufacturing associations. .

. Atlanta Fed Raises 1Q GDP Forecast to 2.3 Percent . The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. .

. Western Alliance Equipment Finance launches . Western Alliance Bank has launched Western Alliance Equipment Finance, its newest national specialty banking group. .

. U.S. factory orders fall modestly, shipments increase . New orders for U.S.-made goods fell modestly in February and shipments rose after four straight monthly declines, but the manufacturing sector is slowing amid rising inventories. .

. China Aircraft Leasing Says No Change To Boeing 737 MAX Order . China Aircraft Leasing Group Holdings Ltd (CALC) on Tuesday said it has not put its order for 100 Boeing Co 737 MAX jets on hold, rebutting an earlier report by the South China Morning Post (SCMP) newspaper. .

. National Lending Industry Leaders, Residential Capital Partners and 2020 REI Group, Join Forces . Residential Capital Partners is pleased to announce the acquisition of 3L Finance. .

. Chinese aircraft lease firm suspends order for Boeing 737 MAX, seeks assurance on jet’s safety . Hong Kong-listed China Aircraft Leasing Group Holdings has 75 Boeing 737 MAX jets on firm order with an option for 25 more .

. Equipment Leasing Group of America, LLC (ELGA) to exhibit at the 31st Annual National Funding Conference, April 9 -11 in Chicago . Equipment Leasing Group of America, LLC (ELGA), was formed by veterans of the leasing industry with over 40 years combined experience in creating custom equipment solutions. .

. US Manufacturing Rebounds in March: 3 Funds to Gain - Nasdaq . The Institute for Supply Management (ISM) stated that its manufacturing index increased for the 119th consecutive month in March. .

. Lease accounting tips for public and private companies . Meanwhile, just 30% of private companies participating in the poll said they plan to adopt on schedule in 2020. .

Joe Woodley

In Memoriam: Industry Mourns Passing of Joe Woodley . Joe Woodley was a leasing and specialty finance industry veteran and icon who was named as one of the “Top 25 Most Influential People in Leasing.” .

. Ralph Petta - ELFA - The Silver Lining of Lease Accounting: What Organizations Should Know About Leasing Standards . An examination of the impacts of ASC 842 shows that not only are many of the lease accounting changes relatively neutral, there is actually a silver lining with numerous positive impacts. .

. FinTech Breakthrough Names CIT Bank Best Personal Finance Company of 2019 . CIT Group's national online bank, today announced it has been selected as winner of the Best Personal Finance Company award by FinTech Breakthrough, an independent organization that recognizes the top companies, technologies and products in the global FinTech market. .

. Banking Regulators Propose New Rule on TLAC Debt . Officials say the move would reduce systemic risk by limiting the interconnectedness of large financial institutions. .

. John Deere Announces Low Monthly Payment Program for Select Compact Construction Equipment Models . By offering this payment plan, customers looking for compact construction machinery with certain specifications can acquire durable products without breaking the bank. .

. Find Truck Service Partners with Synchrony to Provide Financing… . Synchrony and Find Truck Service have introduced an owner-operator financing solution that is available through the Find Truck Service credit card program on the Synchrony Car Care consumer financing program. .

. TimePayment™ Acquires LeaseQ and its Financing Marketplace . The acquisition adds immediate value to TimePayment's strategic focus of offering vendor partners a leading platform, differentiated product offerings, faster funding, and improved services. .

. Hitachi Capital UK capitalises on strong growth with significant European expansion plans . Hitachi Capital (UK) PLC, through its European Vendor Solutions division, has today announced the creation of a subsidiary, Hitachi Capital European Vendor Solutions B.V., in Amsterdam, Netherlands. .

. Fraud-Hit Infrastructure Leasing and Financial Services Ex-Chairman Hari Sankaran Arrested . In its first arrest in its probe into fraud-hit Infrastructure Leasing and Financial Services, the Serious Fraud Investigation Office arrested the lender's ex-Chairman Hari Sankaran here April 1. .

. March 2019 Manufacturing ISM® Report On Business® . The March PMI® registered 55.3 percent, an increase of 1.1 percentage points from the February reading of 54.2 percent. .

. Half of companies plan post-adoption work on leases: poll . Roughly half of public companies expect to spend as much time—or even more—working on lease accounting adoption after the first quarter as they have leading up to their first reporting under the new standard. .

. U.S. manufacturing rebounds in March - ISM . The Institute for Supply Management (ISM) said its index of national factory activity rose to 55.3 from 54.2 in February, which had marked the lowest level since November 2016. .

. FAF Opens Nominations for FASB and GASB Chair Positions . The FASB and GASB Chairs will each serve for a single seven-year term. .

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