Boeing Capital
| File:Boeing full logo.svg | |
| Company type | Subsidiary |
|---|---|
| Industry | Aerospace |
| Founded | 1968 |
| 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
[edit | edit source]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
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