Boeing Capital
Company typeSubsidiary
IndustryAerospace and Defense Aircraft leasing
Founded1968; 56 years ago (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)
(Increase63.2%)
Number of employees
160 (1/1/14)
ParentBoeing
WebsiteBoeing Capital Corporation

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]

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]

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. 10 January 2018. 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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