Aug 07, 2018
Despite uncertain conditions, a net 20% of businesses believe the number of vehicles they operate will grow in the next three years, according to new research by Arval. The figure – which shows those companies predicting an increase minus those who foresee a decrease - is virtually identical to last year when a net 21% of fleets said that they were optimistic about growth prospects. The findings come from the 2018 edition of Arval’s Corporate Vehicle Observatory Barometer, research which covers 3,718 fleet decision makers.
Jul 30, 2018
Enterprise Fleet Management has signed a leasing deal with Erie County in New York state which will see it replace its current owned vehicle fleet with vehicles leased from Enterprise. The agreement will rotate out 395 vehicles from the county fleet, primarily in the Public Works and Parks departments, over the next five years along with 187 vehicles from the Erie County Sheriff’s office over the next four years. These county-owned vehicles will be sold and the proceeds used to defray leasing costs, accruing savings to the county of approximately $3.7 million by year five.
Jul 30, 2018
Avolon, the international aircraft leasing company, is expecting the Indian airline fleet to double to almost 1,100 by 2027 at a projected value of $60 billion in order to keep up with passenger demand. Indian airlines currently operate almost 600 passenger aircraft - 75% narrowbody, 11% widebody and 14% regional aircraft. The company makes the prediction in its new 76-page white paper called ‘India, a 21st Century Powerhouse’, which offers an in-depth look at the country’s air travel market.