Mar 05, 2018
Global aircraft leasing business Fly Leasing is acquiring more than 100 aircraft in a deal with one of Asia’s fastest expanding airline groups. Under the deal with AirAsia Berhad (AAB) and Asia Aviation Capital (AAC), part of AirAsia Group, it will acquire 54 airbus narrowbody aircraft and seven CFM engines on lease to AAB, in addition to another airbus leased to a third-party airline. Fly Leasing will acquire the option to purchase an additional 20 Airbus aircraft, not subject to lease, which begin delivering from the manufacturer in 2019. The deal is worth approximately $1 billion in cash, while AAB will also receive shares in Fly Leasing.
Mar 14, 2018
Sparta Commercial Services, a specialist lender within the municipal leasing market, has launched a new equipment financing program designed for small to mid-sized businesses throughout the US. The company specializes in serving jurisdictions with small and growing vehicle fleets that seek a better and more economical way to finance their essential equipment needs. The division also works with larger jurisdictions to provide competitive leasing facilities for specific segments of their fleet portfolio.
Feb 26, 2018
The Australian commercial equipment finance market reached a record level last year, according to figures from the Australian Finance Industry Association. New lending in 2017 was AUD$34.7 billion, the highest on record and 3.5% higher than 2016. Lenders now have more than AUD$81 billion in commercial equipment finance on their books. New business grew in all states across Australia, with Queensland the top performer (up 6.5% year-on-year), while the largest state, NSW, grew by the smallest margin (1%).