Boeing: Global aircraft financing market rebalancing away from export credit support

Boeing stated (18-Mar-2014) it expects the market for financing new aircraft to remain strong as airline customers continue to demand for new, fuel-efficient airplanes. Boeing Capital Corp VP/general manager for aircraft financial services Tim Myers said the globally the liquidity balance "looks good as the industry rebalances itself to move away from export credit support, with its more expensive pricing, and more toward reliance on the commercial markets." Boeing said that airplane financing globally is experiencing a rare balance among primary delivery financing sources - leasing companies, commercial banks, the capital markets, export credit agency support and private equity and hedge funds among them - as global aircraft deliveries are expected to require USD112 billion in financing for 2014. [more - original PR]