BA - Boeing estimates aircraft financing will reach pre-pandemic levels this year

2023-03-15 15:28:34 ET

Boeing ( NYSE: BA ) on Wednesday estimated commercial aircraft financing will be close to pre-pandemic levels in 2023 amid a recovery in demand.

The planemaker forecast the industry's delivery financing needs will rise 36% from a year earlier to $94 billion in 2023, as compared with $98 billion in 2019.

Boeing ( BA ) has observed increased interest from financiers and investors to aid commercial airplane deliveries, which is positive for the industry amid concerns that the collapse of Silicon Valley Bank ( SIVB )  and Signature Bank ( SBNY ) will impair funding.

Boeing ( BA ) said cash remains a key source of financing, while capital markets, bank debt, export credit, sale leaseback are among the others.

"This positive trend reaffirms that our industry's fundamentals are strong and aircraft financiers and investors are well positioned as travel continues to recover," Rich Hammond, vice president of customer finance at Boeing ( BA ), said in a statement.

For further details see: