Boeing Capital

Boeing Capital is a subsidiary of The Boeing Company, providing asset-based 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]

Boeing Capital
Subsidiary
IndustryAerospace and Defense Aircraft leasing
Founded1968 (1968)
HeadquartersRenton, Washington
Key people
Mac Allen, President & Director, Pete Andreski, VP & CFO, Tim Myers, VP and GM, Aircraft Financial Services
ProductsAirliner Finance
Revenue$173 Million NET USD (FY 2004)
(63.2%)
Number of employees
160 (1/1/14)
ParentBoeing
WebsiteBoeing Capital Corporation

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 AFIC to replace the US-Exim Bank, stopped by then.[7]

References
  1. "Boeing Capital Corp.: Private Company Information". Bloomberg. Archived from the original on 20 January 2018. Retrieved 20 January 2018.
  2. "Boeing unveils new unmanned cargo air vehicle prototype". Tech Startups. Archived from the original on 20 January 2018. Retrieved 20 January 2018.
  3. "Boeing Company (The) (BA) Stake Decreased by Regentatlantic Capital LLC". BangaloreWeekly. 16 January 2018. Retrieved 20 January 2018.
  4. Journal, Jeff ColeStaff Reporter of The Wall Street (1996-12-16). "Boeing Agrees to Acquire Archrival McDonnell Douglas". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-05-01.
  5. Knowlton, Brian; Tribune, International Herald (1996-12-16). "Boeing to Buy McDonnell Douglas". The New York Times. ISSN 0362-4331. Retrieved 2020-05-01.
  6. Frost, Colin. "Short Term Outlook For The Boeing Company (NYSE:BA)". Top Chronicle. Archived from the original on 20 January 2018. Retrieved 20 January 2018.
  7. "Boeing,insurance firm stole trade secrets, launched ExIm Bank funding replacement, lawsuits charge". Leeham News. Sep 11, 2018.


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