Bloomberg reported that Boeing Capital has provided financing valued at $1.26 billion to 747 customers that are now using the iconic aircraft as cargo carriers.
Bloomberg said 747-related loans and leases now account for about one-quarter of the portfolio managed by Boeing’s captive equipment finance and leasing affiliate.
Bloomberg noted that Boeing recently received an order from UPS that could serve as a bridge for the future of the 747.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!
Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]
Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com
