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Boeing Capital Corporation |
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| Boeing
Capital Corporation experienced a year of solid growth, focusing on prudent, market-based
transactions and exploring new areas of investment. | | In
a year of maturation for Boeing Capital Corporation, we aggressively pursued our
mission of integrating and expanding Boeing’s financial services activities.
We continued to position ourselves as a global, full-service financier, with a
particular focus on financings that are critical to Boeing customers. Boeing Capital
continues to work on long-term relationships with our customers, leveraging our
creative, flexible approach to transactions, while focusing on risk-adjusted returns
in our three business units: | | Aircraft
Financial Services: As a provider of commercial aircraft leasing and secured
lending, we strengthened our relationships with airlines throughout the world
in 2001, as that industry dealt with dramatic market changes. The skill and knowledge
of our team, coupled with our close association with Boeing Commercial Airplanes,
allowed us to selectively grow our portfolio during this difficult time. And 2002
will present new opportunities to further diversify our portfolio in both credit
and equipment types. | | Commercial
Financial Services: Despite the U.S. recession that developed in 2001,
we posted a record volume as a commercial equipment-based lender and lessor. We
complemented our strong business aircraft presence by financing equipment for
a diverse range of industries with transactions that included oceangoing vessels,
a large maritime dredge and an automotive engine parts-manufacturing line. The
current economic environment is driving businesses to seek reliable, creative
financing sources, and Boeing Capital is well positioned to meet that need as
the economy moves toward a recovery. | | Space
and Defense Financial Services: We continued to leverage relationships
with Boeing’s space and military units that began in 2000, working closely
with Boeing Satellite Systems and Boeing Launch Services to offer integrated solutions
to satellite and space launch customers. Boeing Capital also continues to support
the sale of military products in the United States and abroad, highlighted this
year by the structuring of the lease of four Boeing C-17 aircraft to the U.K.
government. Our team is advising other Boeing business units as they work with
several governments worldwide that are considering leasing, instead of purchasing,
military aircraft. | | |
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a key element of our total solutions strategy, we offer new dimensions in financial
solutions for customers across all Boeing product and service lines. Our expanded
financial services also support a diverse group of industries, helping meet the
capital equipment needs of non-aerospace customers, including Navistar’s
award-winning engine production facility in Indianapolis, Indiana. | | |
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