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News Stories (13 Results) - Aerospace

North Mill Capital announced the funding of a $7 million asset-based revolving line of credit and a $1,575,000 equipment term loan facility to Aerospace Manufacturing Group, Inc. The proceeds were used for acquisition financing and working... Read Story
September 16, 2019, 07:20 AM


DAES Distribution, an aerospace global provider, announced a new strategic partnership with First National Capital, a commercial equipment and aviation finance provider. The partnership leverages the lender advantages of First National Capital and... Read Story
July 31, 2019, 07:20 AM


Wells Fargo Corporate & Investment Banking, a division of Wells Fargo & Company, announced Paul Croci has joined its Industrials coverage group as a Managing Director covering the aerospace and defense sector. Based in New York, he will report to... Read Story
July 16, 2019, 07:07 AM


Wells Fargo Equipment Finance (WFEF), a Wells Fargo & Company subsidiary and Commercial Capital unit, announced Geoffrey Sale has joined its Automotive and Aerospace team as Division Sales Manager. Based in Detroit, Sale reports to John Crum, WFEF... Read Story
February 05, 2019, 07:15 AM


Bankruptcies remain a rare occurrence for companies in the Aerospace & Defense (A&D) and Industrial & Manufacturing (I&M) sectors, according to a new report published by Fitch Ratings.High-yield bond default rates for A&D and I&M companies averaged 1... Read Story
August 09, 2018, 07:00 AM


CIT Group announced the expansion of its commercial aircraft lending business. The new Aviation Lending team will be led by Jennifer Villa Tennity who rejoins CIT as president of the business, providing aircraft-backed loans to the commercial... Read Story
October 04, 2017, 07:23 AM


After more than a year of steady decline, machine tool order continued to rebound in June drivien by strong gains in the automotive and aerospace sectors, according to a report released by AMT – The Association For Manufacturing Technology. The... Read Story
August 14, 2017, 07:12 AM


CapX Partners (CapX) announced the closing of a $5.25 million lease line of credit to PCX Aerostructures. PCX Aerostructures (“PCX”) is a world-class supplier of highly engineered, precision, flight critical and structural assemblies for rotorcraft... Read Story
August 10, 2016, 07:08 AM


NXT Capital announced that it has provided a senior secured credit facility to support the refinancing of Sunvair Aerospace Group, Inc., a portfolio company of Blue Sea Capital.  The transaction also included Sunvair’s acquisition of Aviation... Read Story
August 10, 2015, 07:00 AM


CIT Group today announced that it has agreed to form TC-CIT Aviation Ireland and TC-CIT Aviation U.S. (together TC-CIT Aviation), joint ventures between CIT Aerospace, a global leader in aircraft finance, and Century Tokyo Leasing Corporation (“CTL”)... Read Story
October 10, 2014, 07:04 AM


GE Capital, Canada today announced it has provided $1.9 million in equipment financing to Koss Aerospace, a Tier-2 manufacturer of structural aircraft components and assemblies. The funds are being used to finance the acquisition of state of the art... Read Story
November 22, 2013, 06:45 AM


Willis Lease Finance Corporation announced the launch of Willis Aeronautical Services, Inc. ("WASI"), a new wholly-owned subsidiary which will provide 'end-of-life' solutions for aviation materials and services related to aircraft engines. In... Read Story
November 08, 2013, 06:50 AM


Bombardier Aerospace and AVIC International Leasing Co., Ltd. (AVIC Leasing) of the People's Republic of China today announced a memorandum of understanding (MOU) for an expanded co-operation to support the financing of commercial aircraft sales in... Read Story
February 09, 2012, 06:30 AM