“Rare Balance” In Aircraft Financing, Says Boeing

Boeing expects the market for financing new aircraft to remain strong as airline customers continue to demand new, fuel-efficient aircraft. Tim Myers, vice president/general manager for Aircraft Financial Services at Boeing Capital Corp, said the global liquidity balance “looks good as the industry rebalances itself to move away from export credit support, with its more expensive pricing, and more toward reliance on the commercial markets”. Myers was speaking at the annual ISTAT Americas conference. Boeing believes aircraft financing globally is experiencing a “rare balance” among primary delivery financing sources – leasing companies, commercial banks, the capital markets, export credit agency (ECA) support and private equity and hedge funds among them – “as global 2014 deliveries head toward an expected roughly $112bn total”.

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