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Where Boeing's 737 Max 9 is in Operation
By Martin Armstrong, Statista

Editor’s Note: Most, if not all, of these airplanes are leased or financed to the airlines. In the leased categories, insurance allegedly protects the lessor. Other responsibilities are often up to the court.

As this info graphic shows, alongside Alaska and United, 7 other airlines are currently known to operate the 737 Max 9, with over 200 aircraft in operation as of January 2024, according to the travel industry news site.

On Friday, January 5, the 'door plug', replacing a possible extra exit in the fuselage of a Boeing 737 Max 9 operated by Alaska Airlines, was ripped off shortly after take-off. The aircraft was supposed to be flying from Portland, Oregon, to Ontario airport, on the outskirts of Los Angeles. Luckily, there were no casualties and the plane made a successful emergency landing.

A few days later, Alaska Airlines and United Airlines, the latter of which operates the world's largest fleet of the aircraft, announced that they had discovered loose bolts on several of their planes of the same model. These issues add to a growing list of damaging incidents and issues for the American manufacturer. Of particular significance, accidents in October 2018 in Indonesia and March 2019 in Ethiopia, caused by a faulty in-flight stabilization system, resulted in the deaths of almost 350 people. The two aircraft in question were Boeing 737 Max, albeit the Max 8 variant.

The Federal Aviation Administration (FAA) issued an 'Emergency Airworthiness Directive' for all owners and operators of 737 Max 9 aircraft on January 6. In response, Boeing stated in a press release: "Safety is our top priority and we deeply regret the impact this event has had on our customers and their passengers. We agree with and fully support the FAA's decision to require immediate inspections of 737-9 airplanes with the same configuration as the affected airplane".

Martin Armstrong, Statista

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New Hires/Promotions in the Leasing Business
and Related Industries

Jaime Hudson was hired as Senior Funder, Reliant Capital, Irvine, California. Previously, she was Account Manager, Dealer Development, Equify Financial, LLC (December, 2022 - September, 2023); Lease Administrator/Sales Operations Advocate/Small Ticket Capital Market Advocate, CoreTech (June, 2020 - September, 2022); Office Manager, Transaction Coordinator/Sales Support Manager, Nexeer Capital (February, 2017 - April, 2020); Funding Coordinator, TopMark Funding, LLC (November, 2016 - November, 2017); Vendor Services Relations Manager, Balboa Capital (May, 2014 - April, 2016).
https://www.linkedin.com/in/jaime-hudson-771948230/details/experience/

Anand Rao was promoted to Managing Director, Private Credit for the Structure Finance Division of Mitsubishi HC Capital America, Norwalk, Connecticut. He is located in New York, New York. He joined the "largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets" as Managing Director, November, 2023. He previously was a Strategic Consultant, Board Advisor, for various startups from 2021 - January, 2023. Prior, he was Senior Vice President, Audax Private Debt (2008 - 2020); Vice President, GE Capital (2002 - 2008); Assistant Portfolio Manager, Vanderbilt Capital Advisors (2000 - 2002). Full Bio:
https://www.linkedin.com/in/raoanandr/details/experience/
https://www.linkedin.com/in/raoanandr/

Catherine (Van Dyke) Serewicz was hired as Sales Relationship Consultant, Apex Capital Corp., Forth Worth, Texas. She is located in Dallas-Fort Worth Metroplex. Previously, she was Vice President of Business Development, BLK Out Logistics (January, 2022 - September, 2023). She joined Apex Capital Corporation February, 2014, Account Services Specialist, promoted May, 2015, Client Sales & Retention Specialist, New Business Sales Consultant (May, 2016 - October 2019).Full Bio:
https://www.linkedin.com/in/catherinevandyke/details/experience/
https://www.linkedin.com/in/catherinevandyke/

Rob Thayer was hired as Vice President, Commercial Loan Officer, Heritage Bank of Nevada Division of Glacier Bank, Reno, Nevada. Previously, he was Vice President, Corporate Relationship Manager, Nevada State Bank (June, 2020 - December, 2023); AVP Business Relationship Manager, Plumas Bank (August, 2016 - June, 2020); Vice President Sa-Ro Leasing (January, 2004 - August, 2016); Credit Manger, Wells Fargo (June, 2003 - January, 2004).
https://www.linkedin.com/in/rob-thayer/

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Leasing and Finance Industry Help Wanted

Leasing News Advisor
Phil Dushey

Philip Dushey
Global Financial Services
1 State Street
New York NY 10004
Email:phil@gbtsinc.com
Phone 212-480-4900
www.globalfinancialtrainingprogram.com
www.globaleasing.com
www.globalchurchfinancing.com

Phil is one of the original founding members of the Leasing News Advisory Board. Phil Dushey has been active in the finance and leasing industry for the over 39 years. His first company was Global Financial Services, which is still active and successful today. Global specializes in all types of financing such as equipment leasing, accounts receivable financing, debt restructuring, and establishing lines of credit. Mr. Dushey feels that to be competitive in today's expanding financial climate a company must be able to service all of his clients’ needs not just equipment leasing.
In 1989, Mr. Dushey saw a need for a company that would serve the needs of churches, synagogues, mosques, and other places of worship throughout the country for equipment Leasing. At the time, most financing sources were reticent regarding religious institutions. He then formed Global Church Financing. It continues to be the leading company in providing financing to churches and other religious institutions today.

In 2001, Mr. Dushey fulfilled one of his lifelong dreams and formed Global Financial Training Program.
He believes it is the most comprehensive and successful training school in the country to train people who want to enter the finance and leasing business. The program includes everything they need to enter the business. He says he very much enjoys teaching how to make money in the finance industry based on 38 years of experience.

Mr. Dushey is a founding member of the National Association of Equipment Leasing Brokers, who changed their name to American Association of Commercial Finance Brokers.

He has been a member and speaker at many leasing organizations for several years. He and his wife Laurie have been married for 51 years, with six grandchildren, three boys and three girls age 13, 15, 17, 21, 23 and 25.

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Santa Cruz County Bank Ranks #1
in Silicon Valley area in SBA Lending

Santa Cruz County Bank made 23 loans totaling $22.6 million in Silicon Valley for a #1 ranking by number and #3 in volume for FY23.

Santa Cruz County Bank’s SVP, Director of SBA Lending, Susan Chandler. Commented, “Our lending volume confirms our commitment to supporting small businesses to promote economic development and job growth. We receive repeat business from satisfied customers and as the result of many years building the positive reputation of our SBA team in the marketplace; we see continuous referrals from brokers, developers and our partners in government guaranteed programs.”

Source: Coleman Report
28081 Marguerite Pkwy.,4525
Mission Viejo, CA 92690
bob@colemanreport.com

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##### Press Release ############################

The QuickFi Embedded Finance Platform
Wins 2024 BIG Innovation Award

Fairport, New York— QuickFi® has been named a winner in the 2024 BIG Innovation Awards presented by the Business Intelligence Group.

QuickFi was honored for its innovative B2B embedded finance platform, enabling banks and global OEMs to offer their customers end-to-end, self-service financing at the point of sale.

Maria Jimenez, Chief Nominations Officer of the Business Intelligence Group, said, “Innovation is driving our society, We are thrilled to be honoring QuickFi as they are leading by example and improving the lives of so many.”

Organizations from across the globe submitted their recent innovations for consideration in the BIG Innovation Awards. Nominations were then judged by a select group of business leaders and executives who volunteer their time and expertise to score submissions.

Winners recognized for the BIG Innovation Awards included Walters Kluwer, TransUnion, CISCO, and QuickFi, among many other innovative companies

About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, these programs are judged by business executives having experience and knowledge. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.

https://quickfi.com/the-quickfi-embedded-finance-platform-wins-2024-big-innovation-award

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Equipment Finance Cares Announces
2024 Dates and Locations

Equipment Finance Cares (EF Cares) is pleased to announce dates and locations for its 2024 events. “EF Cares continues to focus on the human side of the equipment finance industry,” said Jesse Johnson, President of Consult Disrupt and Founder of Equipment Finance Cares. “EF Cares is looking forward to the four planned events in addition to other impromptu volunteerism initiatives that will take place in 2024.”

EF Cares hosted over 300 equipment finance professionals from 150 different organizations in 2023. The events consisted of panels and speakers that were comprised of industry thought leaders.

Topics of discussion included industry benchmarks, best hiring practices, DEI, cultivating younger talent, mental health, navigating the work from home environment, how to have a healthy work/life balance and more. EFC showcased and donated over $25k to 24 different charities and foundations that are affiliated with equipment finance industry professionals.

The inaugural EF Cares Charity Golf Tournament hosted over 100 equipment finance professionals and raised $15k to support the newly established EF Cares Charitable Fund.

2024 Dates/Locations:
Tuesday, February 20th – Huntington Beach, CA
Hosted by Blue Street Capital

Tuesday, May 14th – Philadelphia, PA
Hosted by Oakmont Capital Services

Monday, August 5th – Annual EF Cares
Charitable Golf Tournament at Rockland County Country Club

Wednesday, September 25th - Minneapolis, MN
– Hosted by CHANNEL

If you are interested in hosting, participating on a panel, or sponsoring a future EF Cares event please reach out to: Jesse@equipmentfinancecares.com

For additional information on EFC please go to: www.equipmentfinancecares.com

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ELFA Announces 2024
Business Council Steering Committees

Committees Represent Key Business Sectors
and Advance Association Mission

Washington, D.C. – The Equipment Leasing and Finance Association today announced the results of the association’s Business Council Steering Committee elections. The committees are an integral part of ELFA operations, providing input on the direction of the association, meeting the needs of members in their respective areas and serving as a bridge between the members, Board of Directors and staff. Each committee keeps its finger on the pulse of the industry, assessing sector trends and how they may impact the membership and the association.

The following individuals will serve on the five committees in 2024. The committee members are elected by the Business Council membership for a term of two years on a staggered basis.

The Bank Business Council Steering Committee represents bank-owned or bank-related organizations that utilize internal funding. They may encompass bank departments, divisions or affiliates, or divisions or subsidiaries of bank holding companies. The members are as follows:

https://www.elfaonline.org/news-and-publications/press-room/press-releases/details/2024/01/10/elfa-announces-2024-business-council-steering-committees

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Labrador Retriever
Stamford, Connecticut Adopt-a-Dog

Gunther

Male
10 Months Old
Neutered
House-Trained
Good in Home with
other Dogs, cats
Vaccinations up-to-date
Adoption Fee $600
Meet Gunther
*TO APPLY GO TO www.LuckyDogRefuge.com

Hello Gunther! Rounding out the boys of our "Friends" group, Gunther was surrendered when his owner was not longer able to care for him and the people who took him in weren’t ready for a puppy. Gunther is every bit a puppy. He’s silly, playful, goofy, curious, and loving. He has so much fun playing with other dogs, and really loves to cuddle. Completely sheltered before arriving, we are introducing Gunther to life as a city dog. He has been enjoying walks, taking in all life has to offer, and is quickly becoming a volunteer favorite. Gunther is about 10 months old. We are getting him up to date on vetting and he has been neutered and microchipped. His passed his cat test as well! This adorable puppy will be ready to join a family in no time! He would be a great addition to any home ready for the antics of bringing home a silly little pup. Apply now to meet Gunther!

Thanks for considering a rescue pup!
Lucky Dog Refuge
Stamford, CT

Lucky Dog Refuge
36 Pulaski St,
Stamford, Connecticut 06902
(203) 434-1402T
info@luckydogrefuge.com

Pictured Below: North Mill Equipment Finance with FUTURE T and Lucky Dog Refuge Team. GivingTogether#NMEFCommunity Service

Bluebell is still available:
https://www.petfinder.com/dog/bluebelle-62187436/ct/stamford/lucky-dog-refuge-ct598

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Watch at Home
by Fernando Croce, Leasing News Movie Reviewer

A soap-opera heartthrob who could sneakily subvert his earnest handsomeness, Ryan O’Neal (1941-2023) went on to star in some of the most popular and acclaimed movies of the Seventies. So check out our list for the best titles in his filmography.

Love Story (1970): O’Neal became a star in this romantic box-office sensation, an adaptation of Erich Segal’s best-seller that made many a Seventies audience swoon. He plays Oliver Barrett IV, a privileged Harvard law student who meets Jenny Cavilleri (Ali McGraw), a working-class young woman studying music at Radcliffe College. Despite their vastly different backgrounds (as well as disapproval from Oliver’s blueblood father, played by classic Hollywood staple Ray Milland), the two fall in love and get married. While hoping to make it as a couple in New York, their bond is put to a severe test when Jenny is diagnosed with a terminal disease. Undeniably slick and predictable, Arthur Hiller’s blockbuster retains its appeal thanks in no small amount to the legitimate poignancy of O’Neal’s earnestness.

What’s Up, Doc? (1972): Having put his personal spin on the thriller and the drama genres, Peter Bogdanovich takes on the screwball comedy with this delightful update of the classic “Bringing Up Baby,” which has O’Neal in the Cary Grant role. Set in San Francisco, it follows the madcap pandemonium that results when mixed-up luggage sends a group of characters into a tizzy. At the center is Howard (O’Neal), a stuffy musicologist who’s torn between his neurotic fiancée Eunice (Madeleine Kahn) and Judy (Barbra Streisand), an impulsive young woman who turns his life upside-down. Along for the ride are a socialite who’s lost her jewels, a mysterious man with government papers, and a group of thieves. With a supporting cast that includes Kenneth Mars and Austin Pendleton, this is a lightning-paced joy.

Paper Moon (1973): O’Neal re-teamed with director Peter Bogdanovich in this crowd-pleasing period comedy, where he stars opposite his real-life daughter. Set in Kansas during the Depression, it follows the prickly bond between slick con-artist Moses Pray (O’Neal) and his estranged, nine-year-old daughter Addie (Tatum O’Neal, who scored a Best Supporting Actress Oscar). Though at first not relishing each other’s company, the two come to rediscover familial emotions in the most unlikely of places—in the middle of swindles and crooked schemes, with cops and bootleggers often after them. Filmed in flavorful black-and-white, the movie plays like an updated Shirley Temple caper from the 1930s, but with a tart charm all its own (thanks in no small part to a scene-stealing turn by Madeleine Kahn).

Barry Lyndon (1975): Between “A Clockwork Orange” and “The Shining,” legendary director Stanley Kubrick directed this sumptuous period piece, which continues to grow as one of his most sublime achievements. Adapted from William Thackeray’s 19th-century novel, the sprawling story follows the ups and downs of the eponymous rogue (a brilliantly cast O’Neal) who, through the tides of destiny, ends up as part of the British court. As an unlikely nobleman, he meets a noblewoman (Marisa Berenson) and attempts to settle as a family man, a dream that ventures into tragedy. Using a jaundiced view and painterly details, Kubrick crafts a series of tableaux in which the characters seem overpowered by the beauty surrounding them. Though filmed through a frigid veneer, this masterpiece is one of the director’s most profoundly emotional works.

The Driver (1978): Action master Walter Hill makes intriguing use of O’Neal’s soft-edged presence in this electrifying thriller, which takes an indelibly minimalist spin through nocturnal Los Angeles. O’Neal stars as The Driver, an enigmatic, monosyllabic underworld denizen who specializes in fast getaways for other criminals. His nemesis is The Detective (Bruce Dern), whose police grid is drawing tighter and tighter around him. The third side of this odd triangle is The Player (Isabelle Adjani), a beautiful young woman who becomes a witness to The Driver’s casino heist. As a taciturn romance blooms between them, The Detective resorts to increasingly deadly means to snag The Driver. Full of stylish, almost abstract set-pieces, Hill’s film often plays like an unofficial remake of Jean-Pierre Melville’s neo-noir classic “Le Samurai.”

Fernando Croce is a nationally recognized film reviewer and has been contributing to Leasing News since 2008. His reviews appear each Friday.

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