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]
References
- Boeing Capital Corp.: Private Company Information Bloomberg, retrieved 20 January 2018^
- Boeing unveils new unmanned cargo air vehicle prototype Tech Startups, 10 January 2018, retrieved 20 January 2018^
- Boeing Company (The) (BA) Stake Decreased by Regentatlantic Capital LLC BangaloreWeekly, 16 January 2018, retrieved 20 January 2018^
- Jeff ColeStaff Reporter of The Wall Street Journal. Boeing Agrees to Acquire Archrival McDonnell Douglas Wall Street Journal, 1996-12-16, retrieved 2020-05-01^
- Brian Knowlton, International Herald Tribune. Boeing to Buy McDonnell Douglas The New York Times, 1996-12-16, retrieved 2020-05-01^
- Colin Frost. Short Term Outlook For The Boeing Company (NYSE:BA) Top Chronicle, retrieved 20 January 2018^
- Boeing,insurance firm stole trade secrets, launched ExIm Bank funding replacement, lawsuits charge Leeham News, Sep 11, 2018^