28-Jan-2010 10:51 AM

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

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