2018 landscape for shipping, China Aircraft Leasing expansion and Adaptive Insights meet major milestones – Miagen

2018 landscape for shipping, China Aircraft Leasing expansion and Adaptive Insights meet major milestones

aircraft leasing

Environment regulations will dominate shipping in 2018, according to Angus Frew, secretary-general of global shipowning body BIMCO. Both greenhouse gas emissions and the inevitable sulphur cap in 2020 will be the key issue that the shipping industry will have to grapple with this year.

Frew voiced his concern that by 2020, there may not be enough low sulphur fuel readily available for the entire shipping industry, especially while maintaining an uninterrupted supply of fuel to all other sectors of the economy.

With such increased demand and inevitable price hikes, operators in less advantaged economies may be priced out of the market. Significant scenario planning is required by shipping operators to ensure they are sufficiently prepared for potential shortages and have the necessary cash flow.

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China Aircraft Leasing has increased its December order for 55 Airbus A320 jets to 70, taking the order size to US$7.5 billion. The move is considered an effort to meet the growing demand for air travel in China, set to overtake the US as the world’s largest market.

CEO Mike Poon emphasised that “A strong order book is one of the most important assets for an aircraft lessor to provide flexible solutions to airlines”.

The new deal has raised China Aircraft Leasing’s total order book to 252 aircraft, with 202 coming from Airbus and 50 from Boeing. This shift is expected to significantly strengthen the group’s position among the world’s leading lessors.

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Adaptive Insights, the leading strategic corporate management software and Miagen partner, announced last month that it has achieved two significant $100 million milestones, as the company continues to drive sales of cloud planning software worldwide.

Adaptive Insights has crossed the $100 million revenue threshold, for the trailing 12 months, and has $100 million in annual recurring subscriptions under contract, two recognised indicators of scale for successful SaaS companies. The cloud planning software company credits the ease of use of its Adaptive Suite, enabling the growing adoption of corporate planning software by business and finance users alike.

“These milestones are a clear reflection of the value cloud planning software delivers to successful organisations today,” said Tom Bogan, CEO of Adaptive Insights. “The demand for companywide planning software continues to escalate, as organisations of all sizes—enterprise, midmarket and SMB—use our platform to adopt an active planning process that addresses the challenges of today’s dynamic business environment.

Miagen continues to be a key player in realising Adaptive’s mission.