CHP Consulting’s Andrew Denton wins Auto Finance Personality of the Year at IAFN awards event

Andrew Denton, Chief Executive of the Leasing Foundation and Chief Operating Officer at CHP Consulting, has won the Auto Finance Personality of the Year accolade at the International Auto Finance Network awards ceremony held last week in London.

CHP Consulting’s Andrew Denton wins Auto Finance Personality of the Year at IAFN awards event

May 16, 2016

Andrew Denton, Chief Executive of the Leasing Foundation and Chief Operating Officer at CHP Consulting, has won the Auto Finance Personality of the Year accolade at the International Auto Finance Network awards ceremony held last week in London.

Record levels of asset finance new business reported by UK’s FLA members

UK Finance & Leasing Association (FLA) members report that asset finance new business (primarily leasing and hire purchase) grew by 10% in March, compared with the same month last year, and by 8% in Q1 2016, compared with the same period in 2015. IT equipment finance and commercial vehicle finance grew in March by 29% and 5% respectively, but plant and machinery finance fell by 2% over the same period.

Record levels of asset finance new business reported by UK’s FLA members

May 16, 2016

UK Finance & Leasing Association (FLA) members report that asset finance new business (primarily leasing and hire purchase) grew by 10% in March, compared with the same month last year, and by 8% in Q1 2016, compared with the same period in 2015. IT equipment finance and commercial vehicle finance grew in March by 29% and 5% respectively, but plant and machinery finance fell by 2% over the same period.

Americas

Amazon and Atlas Air Worldwide in long-term aircraft leasing deal – and possible financial arrangement

May 09, 2016

Atlas Air Worldwide Holdings Inc., the air cargo carrier that arranges leases with customers and provides the plane, crew, maintenance, and insurance, has revealed that it has signed two multiyear leases with Amazon for 20 Boeing 767-300 freighters converted from passenger aircraft configuration. In addition, Atlas granted Amazon equity "warrants" to acquire up to 30% of Atlas' common shares at a fixed price of $37.50 a share over the next seven years. Under terms of the deal, Titan Aviation, Atlas' leasing unit, will lease the aircraft to Amazon, and Atlas will operate them.