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| Boeing Capital Corporation:
Managing through a difficult
near-term environment, with an eye on the future |
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| Boeing Capital
provides creative financing solutions for customers.
Embry-Riddle Aeronautical University will lease 35 Diamond
DA20-C1 “Falcon” trainer aircraft from Boeing
Capital to provide introductory flight training to the
next generation of U.S. Air Force pilots — cadets
and others at the U.S. Air Force Academy in Colorado. |
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Boeing Capital Corporation is a global
provider of financial solutions. A subsidiary of The
Boeing Company, it offers asset-backed lending and leasing,
concentrating on assets that are critical to the core
operations of its customers.
Despite the downturn in commercial aviation deliveries and its financial
impacts, Boeing Capital’s operating performance continues to be positive.
A sluggish U.S. economy throughout 2002 slowed growth in capital expenditures
and the corresponding growth of the Commercial Financial Services portfolio.
However, the group continues to win new business by providing creative customer
solutions. The space and defense arm of Boeing Capital is playing a pivotal role
in supporting other Boeing business units such as structuring the U.S. Air Force’s
lease of four C-40B executive transport aircraft. There is growing worldwide
interest in government leasing of military transport aircraft, and Boeing Capital
is well positioned to identify and act on the right opportunities.
Boeing Capital strongly believes in the continuing importance of
global air transportation to the world economy and in the long-term value of
the airplanes it finances. Its business will continue to evolve through profitable
management of the existing portfolio — including restructured transactions
and placing airplanes, a moderated growth rate and an increasing global presence.
Boeing Capital continues to refine and enhance its processes for measuring and
predicting risk in the portfolio, and for pricing and structuring new transactions.
Approximately three-quarters of the business unit’s $11.8
billion portfolio is made up of commercial airplane leases and loans. But Boeing
Capital is more than just an airplane financier; the portfolio encompasses multiple
industries and a wide range of capital equipment, including business aircraft,
oceangoing vessels, machine tools, oil and gas exploration and production equipment,
and a wide variety of other industrial and manufacturing equipment. Boeing Capital
has customers in 37 countries on six continents.
Boeing Capital is divided into three operating groups: Aircraft
Financial Services, Commercial Financial Services and Space and Defense Financial
Services. Each group offers the strength of the Boeing brand, along with the
uncommon equipment knowledge, experience and creativity of a strong team of financing
professionals.
Boeing Capital is a stable, profitable business in its own right,
as well as a valuable resource to Boeing business units. As a result, it continues
to be a vital part of the growth and transformation of Boeing. |
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