 | |
| 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
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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