Boeing Capital
{{short description|Aircraft leasing company}}
{{Infobox company
| name = Boeing Capital
| logo = Boeing full logo.svg
| logo_size = 240px
| foundation = {{Start date and age|1968}}
| type = Subsidiary
| location = Renton, Washington
| key_people =
| industry = Aerospace
| parent = Boeing Commercial Airplanes
| homepage =
}}
Boeing Capital is a subsidiary of Boeing Commercial Airplanes, providing aircraft leasing and lending services.{{cite web|title=Boeing Capital Corp.: Private Company Information|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=3120752|website=Bloomberg|access-date=20 January 2018|url-status=live|archive-url=https://web.archive.org/web/20180120213401/https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=3120752|archive-date=20 January 2018}} 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.{{cite web|title=Boeing unveils new unmanned cargo air vehicle prototype|url=https://techstartups.com/2018/01/10/boeing-unveils-new-unmanned-cargo-air-vehicle-prototype/|website=Tech Startups|date=10 January 2018|access-date=20 January 2018|url-status=live|archive-url=https://web.archive.org/web/20180120213401/https://techstartups.com/2018/01/10/boeing-unveils-new-unmanned-cargo-air-vehicle-prototype/|archive-date=20 January 2018}}{{cite web|title=Boeing Company (The) (BA) Stake Decreased by Regentatlantic Capital LLC|url=http://bangaloreweekly.com/2018-01-16-boeing-company-the-ba-stake-decreased-by-regentatlantic-capital-llc/|website=BangaloreWeekly|access-date=20 January 2018|date=16 January 2018}}
History
Boeing Capital was incorporated in 1968 as McDonnell Douglas Finance,{{Citation needed|date=February 2020}} but this name was changed to Boeing Capital in 1997, when Boeing merged with the McDonnell Douglas Corporation.{{Cite news|last=Journal|first=Jeff ColeStaff Reporter of The Wall Street|date=1996-12-16|title=Boeing Agrees to Acquire Archrival McDonnell Douglas|language=en-US|work=Wall Street Journal|url=https://www.wsj.com/articles/SB850664260619716000|access-date=2020-05-01|issn=0099-9660}}{{Cite news|last1=Knowlton|first1=Brian|last2=Tribune|first2=International Herald|date=1996-12-16|title=Boeing to Buy McDonnell Douglas|language=en-US|work=The New York Times|url=https://www.nytimes.com/1996/12/16/news/boeing-to-buy-mcdonnell-douglas.html|access-date=2020-05-01|issn=0362-4331}}
The subsidiary is known as a worldwide provider of financial services, but primarily supports its parent corporation.{{cite web|last1=Frost|first1=Colin|title=Short Term Outlook For The Boeing Company (NYSE:BA)|url=https://topchronicle.com/business/2017/12/22/short-term-outlook-for-the-boeing-company-nyseba/|website=Top Chronicle|access-date=20 January 2018|url-status=live|archive-url=https://web.archive.org/web/20180120213401/https://topchronicle.com/business/2017/12/22/short-term-outlook-for-the-boeing-company-nyseba/|archive-date=20 January 2018}}
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.{{cite news |url= https://leehamnews.com/2018/09/11/boeng-trade-secrets/ |title= Boeing,insurance firm stole trade secrets, launched ExIm Bank funding replacement, lawsuits charge |date= Sep 11, 2018 |work= Leeham News}}
References
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{{Boeing}}
{{Aircraft leasing companies}}
Category:Financial services companies of the United States
Category:Aircraft leasing companies
Category:Companies based in Renton, Washington
Category:Financial services companies established in 1968
Category:1968 establishments in Washington (state)
Category:American corporate subsidiaries
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