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Boeing Capital
Aircraft leasing company From Wikipedia, the free encyclopedia
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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]
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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.[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]
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References
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