Boeing Capital is a

subsidiary A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...

Boeing Commercial Airplanes Boeing Commercial Airplanes (BCA) is a division of the Boeing Company. It designs, assembles, markets, and sells commercial aircraft, including the 737, 767, 777, and 787, along with freighter and business jet variants of most. The divis ...

, providing aircraft leasing and lending services. Boeing Capital is made up of two divisions, Aircraft Financial Services and Space & Defense Financial Services. It operates as a support unit for Boeing's main businesses.

History

Boeing Capital was incorporated in 1968 as

McDonnell Douglas McDonnell Douglas Corporation was a major American Aerospace manufacturer, aerospace manufacturing corporation and defense contractor, formed by the merger of McDonnell Aircraft and the Douglas Aircraft Company in 1967. Between then and its own ...

Finance, but this name was changed to Boeing Capital in 1997, when

Boeing The Boeing Company, or simply Boeing (), is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and missiles worldwide. The company also provides leasing and product support s ...

merged with the McDonnell Douglas Corporation. The subsidiary is known as a worldwide provider of financial services, but primarily supports its parent corporation. In September 2018, Boeing, Boeing Capital and insurance firm

Marsh & McLennan Marsh & McLennan Companies, Inc., doing business as Marsh McLennan, is a global professional services firm, headquartered in New York City with businesses in insurance brokerage, risk management, reinsurance services, talent management, invest ...

were sued for having stolen Xavian Insurance's

actuarial Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions. Actuaries are professionals trained in this discipline. In m ...

analysis to create the Aircraft Finance Insurance Consortium (better known as AFIC) to replace financing from the US-Exim Bank, which at that time could not take new business because Congress had refused to recharter it.

References

Financial services companies of the United States Aircraft leasing companies Boeing Companies based in Renton, Washington Financial services companies established in 1968 1968 establishments in Washington (state) American corporate subsidiaries {{US-finance-company-stub