{"id":112115,"date":"2021-04-15T00:42:32","date_gmt":"2021-04-15T00:42:32","guid":{"rendered":"https:\/\/fin2me.com\/?p=112115"},"modified":"2021-04-15T00:42:32","modified_gmt":"2021-04-15T00:42:32","slug":"boeing-says-financing-available-to-back-jet-deliveries","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/boeing-says-financing-available-to-back-jet-deliveries\/","title":{"rendered":"Boeing says financing available to back jet deliveries"},"content":{"rendered":"

(Reuters) -Boeing Co voiced optimism on Wednesday over financing for jet buyers to take deliveries as the industry looks to a recovery in air travel, while raising an amber flag over airline access to commercial bank loans.<\/p>

FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS\/Paulo Whitaker\/File Photo<\/figcaption>

Industrywide needs for funding to support deliveries fell about 40% to $59 billion in 2020 as the pandemic stifled production already weakened by the grounding of the Boeing 737 MAX in 2019.<\/p>\n

\u201cDespite the unprecedented impacts of COVID-19 on the global aerospace industry, there generally continues to be liquidity in the market for our customers,\u201d said Tim Myers, president of Boeing Capital, the planemaker\u2019s financing arm.<\/p>\n

\u201cWe expect it to further improve as travel begins to rebound.\u201d<\/p>\n

Aviation has become a fast-growing alternative asset class over the past decade, as investors flocked toward dollar-denominated investments that offer relatively high returns, especially when set against a backdrop of low interest rates.<\/p>\n

As the pandemic swept across the industry just over a year ago, credit spreads widened, capital markets closed to aviation and banks retreated, Boeing said in an aviation finance report.<\/p>\n

But \u201ccapital markets came back, and new sources of funding from institutional investors and funds came to market,\u201d it added.<\/p>\n

One lingering concern surrounds the availability of commercial bank funding, which typically makes up about a third of the financing needed to support jet deliveries.<\/p>\n

Commercial lending has recovered ground since 2020 but remains on Boeing\u2019s watchlist along with certain tax-related instruments. But for now, capital from investment funds is filling the gap.<\/p>\n

\u201cWe expect that capital will continue to be routed into the sector by established players and as new entrants seek opportunities during the industry\u2019s recovery,\u201d Myers said.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) -Boeing Co voiced optimism on Wednesday over financing for jet buyers to take deliveries as the industry looks to a recovery in air travel, […]<\/p>\n","protected":false},"author":3,"featured_media":112114,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nBoeing says financing available to back jet deliveries - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/boeing-says-financing-available-to-back-jet-deliveries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boeing says financing available to back jet deliveries - Fin2me\" \/>\n<meta property=\"og:description\" content=\"(Reuters) -Boeing Co voiced optimism on Wednesday over financing for jet buyers to take deliveries as the industry looks to a recovery in air travel, [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/boeing-says-financing-available-to-back-jet-deliveries\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-15T00:42:32+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/04\/Boeing-says-financing-available-to-back-jet-deliveries.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/boeing-says-financing-available-to-back-jet-deliveries\/\",\"url\":\"https:\/\/fin2me.com\/markets\/boeing-says-financing-available-to-back-jet-deliveries\/\",\"name\":\"Boeing says financing available to back jet deliveries - 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