Boeing Capital

Boeing Capital
TypeSubsidiary
IndustryAerospace
Founded1968; 58 years ago (1968)
HeadquartersRenton, Washington
ParentBoeing Commercial Airplanes

Boeing Capital is a subsidiary of Boeing Commercial Airplanes, providing aircraft leasing and lending services. 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.

History

Boeing Capital was incorporated in 1968 as McDonnell Douglas Finance,[citation needed] but this name was changed to Boeing Capital in 1997, when Boeing merged with the McDonnell Douglas Corporation.

The subsidiary is known as a worldwide provider of financial services, but primarily supports its parent corporation.

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.

References

  1. ↑ "Boeing Capital Corp.: Private Company Information". Bloomberg. Archived from the original on January 20, 2018. Retrieved January 20, 2018.
  2. ↑ "Boeing unveils new unmanned cargo air vehicle prototype". Tech Startups. January 10, 2018. Archived from the original on January 20, 2018. Retrieved January 20, 2018.
  3. ↑ "Boeing Company (The) (BA) Stake Decreased by Regentatlantic Capital LLC". BangaloreWeekly. January 16, 2018. Retrieved January 20, 2018.
  4. ↑ Journal, Jeff ColeStaff Reporter of The Wall Street (December 16, 1996). "Boeing Agrees to Acquire Archrival McDonnell Douglas". Wall Street Journal. ISSN 0099-9660. Retrieved May 1, 2020.
  5. ↑ Knowlton, Brian; Tribune, International Herald (December 16, 1996). "Boeing to Buy McDonnell Douglas". The New York Times. ISSN 0362-4331. Retrieved May 1, 2020.
  6. ↑ Frost, Colin. "Short Term Outlook For The Boeing Company (NYSE:BA)". Top Chronicle. Archived from the original on January 20, 2018. Retrieved January 20, 2018.
  7. ↑ "Boeing, insurance firm stole trade secrets, launched ExIm Bank funding replacement, lawsuits charge". Leeham News. September 11, 2018.