Boeing Capital Explained
Boeing Capital is a subsidiary of Boeing Commercial Airplanes, providing aircraft leasing and lending services.[1] Boeing Capital is made up of two divisions, Aircraft Financial Services and Space & Defense Financial Services. It operates as a support unit for Boeing's main businesses.[2] [3]
History
Boeing Capital was incorporated in 1968 as McDonnell Douglas Finance, but this name was changed to Boeing Capital in 1997, when Boeing merged with the McDonnell Douglas Corporation.[4] [5]
The subsidiary is known as a worldwide provider of financial services, but primarily supports its parent corporation.[6]
In September 2018, Boeing, Boeing Capital and insurance firm Marsh & McLennan were sued for having stolen Xavian Insurance's actuarial analysis to create the Aircraft Finance Insurance Consortium (better known as AFIC) to replace financing from the US-Exim Bank, which at that time could not take new business because Congress had refused to recharter it.[7]
Notes and References
- Web site: Boeing Capital Corp.: Private Company Information. Bloomberg. 20 January 2018. live. https://web.archive.org/web/20180120213401/https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=3120752. 20 January 2018.
- Web site: Boeing unveils new unmanned cargo air vehicle prototype. Tech Startups. 10 January 2018. 20 January 2018. live. https://web.archive.org/web/20180120213401/https://techstartups.com/2018/01/10/boeing-unveils-new-unmanned-cargo-air-vehicle-prototype/. 20 January 2018.
- Web site: Boeing Company (The) (BA) Stake Decreased by Regentatlantic Capital LLC. BangaloreWeekly. 20 January 2018. 16 January 2018.
- News: Journal. Jeff ColeStaff Reporter of The Wall Street. 1996-12-16. Boeing Agrees to Acquire Archrival McDonnell Douglas. en-US. Wall Street Journal. 2020-05-01. 0099-9660.
- News: Knowlton. Brian. Tribune. International Herald. 1996-12-16. Boeing to Buy McDonnell Douglas. en-US. The New York Times. 2020-05-01. 0362-4331.
- Web site: Frost. Colin. Short Term Outlook For The Boeing Company (NYSE:BA). Top Chronicle. 20 January 2018. live. https://web.archive.org/web/20180120213401/https://topchronicle.com/business/2017/12/22/short-term-outlook-for-the-boeing-company-nyseba/. 20 January 2018.
- News: Boeing,insurance firm stole trade secrets, launched ExIm Bank funding replacement, lawsuits charge . Sep 11, 2018 . Leeham News.
