Boeing expects ECAs to cover 15% of new aircraft finance

(24/7 Wall Street, London, 9 December 2014) Boeing on Tuesday morning released its 2015 aircraft finance market outlook. The headline number is $124 billion and the forecast amount for 1300 new commercial deliveries in 2015, up from $115 billion in 2014. The company’s Boeing Capital Corporation also forecasts deliveries totaling $156 billion in 2019. How all these airplanes will be paid for is the subject of Tuesday’s release. Boeing expects bank debt and capital markets to fund about 60% of all 2015 deliveries, with cash accounting for another 23% of funding and export credit to cover another 15%... An issue for the U.S. plane maker is that the U.S. Export-Impact Bank has ceased new dealings with Russia, Mr. Myer said. European export credit agencies are still open to backing Airbus Group NV deliveries to Russia... Another concern for the Chicago-based plane maker is continued uncertainty over the fate of ExIm in the U.S.