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Boeing to lend less than USD500 for new aircraft purchases in 2010

28-Jan-2010 10:51 AM

Boeing stated it expects to lend less than USD500 million to support acquisition of new aircraft in 2010 (AP, 27-Jan-2010).

Boeing: "The overall financial system in total is in better shape than I think we anticipated a year ago. That would include commercial banks, it would include the capital markets, it would include leasing companies - even though their percentage is down a little bit, it's better than some of the.. scenarios we were looking at a year ago. I think when you add it all up, the various financial sources all are in better shape than we anticipated, which means less of a requirement on us as a provider of last resort," Jim McNerney, CEO. Source: AP-27-Jan-2010