Leasing

Apollo Funds and Merx Aviation Complete Sale-Leaseback Transaction with Air France

Retrieved on: 
Monday, May 24, 2021

NEW YORK, May 24, 2021 (GLOBE NEWSWIRE) -- Funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries Apollo) and Merx Aviation (Merx), a global aircraft leasing, management and finance company, today announced the completion of a sale and leaseback transaction with Air France, part of the Air France-KLM Group and one of the worlds leading airlines.

Key Points: 
  • NEW YORK, May 24, 2021 (GLOBE NEWSWIRE) -- Funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries Apollo) and Merx Aviation (Merx), a global aircraft leasing, management and finance company, today announced the completion of a sale and leaseback transaction with Air France, part of the Air France-KLM Group and one of the worlds leading airlines.
  • The aircraft, manufactured in 2009, were acquired by an aviation platform established by Apollo, which invests in a diverse set of aircraft types, vintages and jurisdictions and is serviced by Merx.
  • Gary Rothschild, CEO of Merx and Head of Aviation Finance at Apollo, said: We are pleased to have closed this transaction with Air France and to add two more of the highly capable 777F aircraft type to our portfolio.
  • This transaction continues to show how the Apollo platform and Merx together act as a flexible capital solutions provider, creating accretive transactions for both our investors and counterparties.

1 in 5 Private Company Execs Feel Unprepared on Lease Accounting as Effective Date Nears on Dec. 15, 2021

Retrieved on: 
Monday, May 24, 2021

The good news: 27.7% of those polled feel prepared to comply -- the highest private entity executive confidence rate in six years.

Key Points: 
  • The good news: 27.7% of those polled feel prepared to comply -- the highest private entity executive confidence rate in six years.
  • "FASB lease accounting standard adoption is mandatory, so I'm hopeful organizations are closely focusing on it now."
  • As organizations adopt FASB's cloud computing accounting guidance, the way they've adopted the lease accounting standard could offer opportunities to structuring cloud agreements for specific accounting treatment.
  • Once lease data is ready for lease accounting use, check to see if it's aligned with your organization's accounting policies.

Balance Sheet Liabilities Continue to Climb for Private Companies Amid Lease Accounting Transition – New LeaseQuery Report

Retrieved on: 
Tuesday, May 18, 2021

The \xe2\x80\x9cTested 10\xe2\x80\x9d industries include Banking and Financial Institutions\xe2\x80\x94which saw a 130x increase in average lease liability\xe2\x80\x94and Higher Education, where institutions\xe2\x80\x99 average lease liability multiplied 74x.

Key Points: 
  • The \xe2\x80\x9cTested 10\xe2\x80\x9d industries include Banking and Financial Institutions\xe2\x80\x94which saw a 130x increase in average lease liability\xe2\x80\x94and Higher Education, where institutions\xe2\x80\x99 average lease liability multiplied 74x.
  • Additionally, between the lease accounting rule change and updated COVID-19 protocols, it can prompt and inform reconsideration of future lease vs. buy decisions.\n\xe2\x97\x8f Lease centralization is going to require increased transparency and balance sheet scrutiny.
  • More than 10,000 finance professionals globally rely on LeaseQuery\xe2\x80\x99s cloud-based platform for accounting compliance, financial decision-making, data centralization, lease management and lease accounting.
  • Learn more about LeaseQuery\xe2\x80\x99s core lease accounting product focused on easing the mandatory transition to ASC 842, GASB 87 and IFRS 16, or explore additional accounting tools .

ACIA Aero Leasing Bolsters Executive Team to Advance Leading Position in Regional Aircraft Market

Retrieved on: 
Tuesday, May 18, 2021

In addition, he also held positions in Bombardier\xe2\x80\x99s Business Aircraft, Contracts, and Customer Services teams.\n\xe2\x80\x9cIt\xe2\x80\x99s a great pleasure to join the successful team at ACIA and contribute to the team\xe2\x80\x99s further growth trajectory.

Key Points: 
  • In addition, he also held positions in Bombardier\xe2\x80\x99s Business Aircraft, Contracts, and Customer Services teams.\n\xe2\x80\x9cIt\xe2\x80\x99s a great pleasure to join the successful team at ACIA and contribute to the team\xe2\x80\x99s further growth trajectory.
  • We have many exciting commercial announcements on the horizon \xe2\x80\x93 stay tuned,\xe2\x80\x9d concluded Mooney.\nACIA Aero Leasing (\xe2\x80\x9cACIA\xe2\x80\x9d), a subsidiary of ACIA Aero Capital, is a leading regional aircraft lessor with offices in Ireland, Mauritius, France, Canada, and South Africa.
  • ACIA manages a current aircraft portfolio of over 50 regional passenger and freighter aircraft which are on lease to operators in more than 15 countries globally.
  • Through our strategic partnerships, ACIA provides airlines with turn-key leasing solutions from dry leasing through to charter operations.

DRIVRZ Financial, Formerly MUSA Auto Finance, teams Up With Roadster To Add Used Car Leasing To Digital Retail Experience

Retrieved on: 
Friday, May 14, 2021

As part of Roadster\'s Express Storefront solution, visitors to the dealership website can calculate their exact used car lease payment based on a set of adjustable factors.

Key Points: 
  • As part of Roadster\'s Express Storefront solution, visitors to the dealership website can calculate their exact used car lease payment based on a set of adjustable factors.
  • Each factor is chosen by the website visitor, and the lease payment is automatically calculated from there.
  • With the DRIVRZ Financial integration, each used car leasing customer can build their own deal, so they are confident in the numbers and more likely to take the next steps toward closing.
  • We requested this integration with Roadster and DRIVRZ Financial because we wanted to bring that same online convenience to the used car leasing options we already offer in store.

Visual Lease Hosts Lease Accounting Compliance Workshops Led by Industry Experts

Retrieved on: 
Monday, May 10, 2021

b'Visual Lease , the #1 lease optimization software, now offers complimentary workshops to help organizations achieve and maintain compliance with the new lease accounting Standards ASC 842 and GASB 87.

Key Points: 
  • b'Visual Lease , the #1 lease optimization software, now offers complimentary workshops to help organizations achieve and maintain compliance with the new lease accounting Standards ASC 842 and GASB 87.
  • Collectively, both experts have decades of experience helping companies manage their leases and achieve and maintain lease accounting compliance.\n\xe2\x80\x9cThrough our community of more than 700 customers, we\xe2\x80\x99ve seen firsthand how important preparation is when it comes to lease accounting compliance,\xe2\x80\x9d said Joe Fitzgerald, SVP of Lease Market Strategy at Visual Lease.
  • Developed by industry-leading lease professionals and CPAs, it combines GAAP, IFRS and GASB-compliant lease accounting controls with easy, flexible and automated lease management processes.
  • Committed to ongoing innovation and unparalleled customer service, Visual Lease helps organizations transform their lease compliance requirements into financial opportunities.

Voyager Aviation Holdings Completes Out-Of-Court Exchange, Announces New Ownership, Board, and Rebrand

Retrieved on: 
Monday, May 10, 2021

The out-of-court transaction transfers majority ownership to a marquee investor group and enables Voyager to pivot to growth at an opportune time as the aviation industry recovers from the impact of COVID-19.

Key Points: 
  • The out-of-court transaction transfers majority ownership to a marquee investor group and enables Voyager to pivot to growth at an opportune time as the aviation industry recovers from the impact of COVID-19.
  • Mr. Lungariello brings over 20 years of aviation, financial services, and financial restructuring experience, nine of them with the Company and its Affiliates.
  • As the aviation industry recovers from the pandemic, we believe airline customers will look towards commercial aircraft leasing companies like ours for support.
  • Its assets of approximately $2 billion consist of primarily young and modern aircraft.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210510005420/en/\n'

Acquisitions Drive Year-Over-Year Growth

Retrieved on: 
Friday, May 7, 2021

The lease requires Grail Project to pay all property related expenses including maintenance, insurance and taxes.

Key Points: 
  • The lease requires Grail Project to pay all property related expenses including maintenance, insurance and taxes.
  • After the initial 20-year term, the Grail Project Lease provides four, five-year renewal options.
  • The lease requires Dom F to pay all property related expenses including maintenance, insurance and taxes.
  • Forward-looking statements are those that predict or describe future events or trends and that do not relate solely to historical matters.

Century Casinos, Inc. Announces First Quarter 2021 Results

Retrieved on: 
Friday, May 7, 2021

Expense related to the Master Lease and CDR land lease is included in the interest expense (income), net line item.

Key Points: 
  • Expense related to the Master Lease and CDR land lease is included in the interest expense (income), net line item.
  • These statements are based on the beliefs and assumptions of the management of Century Casinos based on information currently available to management.
  • Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements.
  • Century Casinos disclaims any obligation to revise or update any forward-looking statement that may be made from time to time by it or on its behalf.\n'

Tower One Announces Filing of its Q4 and Year 2020 Annual Report

Retrieved on: 
Monday, May 3, 2021

This group previously had acquired a portion of the US Business \xe2\x80\x9cTCTS\xe2\x80\x9d Tower Construction and Technical Services Inc.\nMr.

Key Points: 
  • This group previously had acquired a portion of the US Business \xe2\x80\x9cTCTS\xe2\x80\x9d Tower Construction and Technical Services Inc.\nMr.
  • "\nTower One Wireless Corp.\xe2\x80\x99s principal business is to build, own and operate multi-tenant wireless telecommunications infrastructure (\xe2\x80\x9ctowers\xe2\x80\x9d) in Latin America.
  • The Company is focused on the build to suit tower industry whereby a long-term lease is secured with a tenant prior to building a tower.
  • The Company operates in the three largest Spanish speaking countries in Latin America (Colombia, Mexico and Argentina) with a combined population of approximately 220 million people.\n'