As always, the end of the year is a busy time for our delivery centers. And my colleagues at our financing arm, Boeing Capital Corporation (BCC), are making sure our customers have the financing they need to fly away with those airplanes.
BCC just announced its financing outlook for 2014—and the news is good. Boeing projects there should be adequate financing at reasonable prices to support what’s expected to be record airplane production around the globe.
The cover of Boeing’s latest Current Aircraft Finance Market Outlook features the 787-9 Dreamliner.
BCC’s Kostya Zolotusky says the financing watchwords for next year are realignment and balance. Realignment as in the dollars used to pay for new airplanes moving from one funding source to another, with banks and other commercial market sources growing in their contributions—and export credit borrowing declining.
As for balance, Boeing expects to see an almost even distribution among those sources - the banks, the commercial markets, the leasing companies and the export credit agencies. That balance stems from industry conditions like steady air travel demand and a replacement market driven by new, more fuel-efficient airplanes.
Engineering and economics — working hand in hand to meet the needs of our customers.