Boeing Capital

Boeing Capital
Company type	Subsidiary
Industry	Aerospace
Founded	1968; 56 years ago
Headquarters	Renton, Washington
Parent	Boeing Commercial Airplanes

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,^{[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

^ "Boeing Capital Corp.: Private Company Information". Bloomberg. Archived from the original on 20 January 2018. Retrieved 20 January 2018.
^ "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.
^ "Boeing Company (The) (BA) Stake Decreased by Regentatlantic Capital LLC". BangaloreWeekly. 16 January 2018. Retrieved 20 January 2018.
^ 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.
^ Knowlton, Brian; Tribune, International Herald (1996-12-16). "Boeing to Buy McDonnell Douglas". The New York Times. ISSN 0362-4331. Retrieved 2020-05-01.
^ 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.
^ "Boeing,insurance firm stole trade secrets, launched ExIm Bank funding replacement, lawsuits charge". Leeham News. Sep 11, 2018.

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[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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