| AerCap Acquisition of Genesis to Create Largest Aircraft Leasing Company Zacks.com submits: After being significantly hurt by the economic downturn, the first wave of deals to stabilize the aircraft leasing industry is now on its way. Dutch aircraft leasing firm AerCap Holdings (AER) said on Friday it would buy Genesis Lease Ltd. (GLS) in an all-stock deal worth $302.6 million for greater scale and access to more funds for aircraft purchases.The weak market condition has created the necessity for such consolidation. The combined entity will create the largest publicly listed aircraft leasing company, controlling about 5% of the total leased market. With 358 commercial aircraft and 83 engines that are either owned, on order, under contract or letter of intent, or managed, the combined company is expected to significantly contribute to the recovery of the industry. It will also have 116 airlines as clients, with a lease portfolio value of about $6 billion.Complete Story » seekingalpha.com |
Japan Says NO to American Cars in Its Subsidy Program Andrew Horowitz submits: Here is one more piece of piece of evidence that we are seeing countries break from their promise as they pursue domestic economic agendas. Of course it is okay for a country to help out their own, but this is a blatant foul. Someone should call a penalty on Japan for this move. There is no doubt, this is protectionism at its best (worst). Now we will need to keep on the watch as to what the U.S. response will be.Complete Story » seekingalpha.com |
Nissan Leaf Buyers Can Own Their Batteries: Score Greentech Media submits: By Michael KanellosA number of transportation execs and electric car fans have proposed leasing batteries to customers as a way to reduce the price of an electric car.Complete Story » seekingalpha.com |
More Improvements in Global Shipping Mark J. Perry submits: Scott Grannis posted an update yesterday on the continuing improvement in various global shipping indexes, which provide more support that a global economic rebound in underway. A new report from the Port of Los Angeles provides additional support that both global shipping and the global economy are rebounding. On a three-month moving average basis, outbound export containers reached a 19-month high in April of 156,000 TEUs, the highest level since September 2008 (see chart above). Other highlights of yesterday's L.A. Port report for April:Complete Story » seekingalpha.com |
Forward Air Corporation Q2 2010 Earnings Call Transcript Forward Air Corporation (FWRD)Q2 2010 Earnings Call TranscriptComplete Story » seekingalpha.com |