Boeing financing company looks to exit market
Boeing Capital Corp., a financial and leasing subsidiary of aircraft manufacturer Boeing Co., said it was exploring options to divest its Commercial Financial Services unit. This could include the sale of the whole operation itself, sale of all or part of the commercial finance portfolio or a phased closure of the existing portfolio.
The Seattle-based company said the decision was based on a strategy to focus resources on supporting Boeing’s business units rather than selling services in the market.
The Commercial Financial Services unit provides financing and leases for commercial equipment ranging from business aircraft to containers, maritime, energy services, mining and other equipment.