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Boeing reports fewer airlines seek financing

3-May-2010 11:47 AM

Boeing reports the number of airlines seeking the company’s financing unit has fallen as airlines move to other financing sources, including equity and bond markets (Arabian Business, 02-May-2010). Boeing estimates it will only need to provide USD500 million in financing in 2010, compared with USD800 million in 2009.

Boeing: “Airlines are finding more and more ways to raise the financing other than coming to Boeing. Airlines have been able to raise money in the equity market [and] in the bond market. Banks are still open for business to finance airplanes and frankly airlines finance a lot of airplanes by paying cash and some of the airlines have been making a lot of money rather than going to the debt market," Randy Tinseth, VP of marketing. Source: Arabian Business, 02-May-2010.