CORRECT:80% Of Boeing Orders Eligible For EX-IM Bank Financing
29 January 2009 - 9:30AM
Dow Jones News
The credit crunch has made it tough for customers to get bank
financing for aircraft, but McNerney said Boeing orders through
2009 have been accounted for, and the Boeing Capital Corp. unit is
ready to step up with at least $1 billion of financing as needed.
Boeing said 80% of its commercial aircraft order backlog is
eligible for financing from the U.S. Export-Import Bank.
(In "UPDATE: Boeing Lowers 2009 EPS Outlook, Faces Challenges,"
at 1:19 p.m. EST, it was mistakenly reported that 80% of Boeing
customers were counting on the bank for financing.)
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