All articles by Antonio Fabrizio
Antonio Fabrizio
Italian lessors hit by scams costing millions
In one case, which has been dubbed Operation Caterpillar, the Venice arm of Guardia di Finanza (GdF) police has uncovered fraudulent activity amounting to more than 100m and affecting 21 leasing companies, which have been defrauded of 35m
GE Capital redoubles UK effort
GE Capital UK has reshuffled its equipment finance team as it refocuses its activities around health care, aircraft and structured equipment finance.
Volvo FS scoops £1m Irish truck finance deal
Volvo Financial Services has scooped a lucrative deal to finance 10 new Volvo trucks for Northern Ireland based haulier Morgan McLernon. The deal is worth more than £1m (1.16m) and is a four-year contract hire agreement including full maintenance and repair services through Volvos franchised dealer Dennison Commercials, based in Northern Irelands town of Dungannon.
Vehicle leasing gains speed across Europe
Austrias leasing industry recorded an 8.8 percent increase in new business to 5.7bn in 2010, up from 5.2bn in 2009
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Green boost for Italy
New leasing business in Italy grew by 4.8% to 27.4bn last year, the latest figures from Italys leasing association Assilea have shown.
Wind power wins £8m
UniCredit Leasing is to finance an 8m wind power plant in Romania as part of its expansion strategy in renewable energy business across Eastern Europe. The project involves the financing a wind farm in the Tulcea county in eastern Romania for Energy Rose, a wind energy group active across Romania, Bulgaria and Poland
UniCredit funds £8m wind farm
UniCredit Leasing is to finance an 8 million wind power plant in Romania as part of its expansion strategy in renewable energy business across Eastern Europe. The project involves the financing a wind farm in the Tulcea county in eastern Romania for Energy Rose, a wind energy group active across Romania, Bulgaria and Poland
Italian lessors hit by scams
In one case, which has been dubbed Operation Caterpillar, the Venice arm of Guardia di Finanza (GdF) police has uncovered fraudulent activity amounting to more than 100 million and affecting 21 leasing companies, which have been defrauded of 35 million The cost to the state for the loss of tax revenue amounts to 50 million.
Willis Lease Finance teams with BAE
Global aero-engine lessor Willis Lease Finance has selected BAE Systems Asset Management, part of British defense and aerospace giant BAE Systems, to provide pre-owned aircraft acquisition and lease management services. BAE Systems Asset Management will research and identify suitable aircrafts for acquisition, as well as assisting with commercial and technical evaluation of the aircraft.