SEATTLE, March 15,
2023 /PRNewswire/ -- Boeing [NYSE: BA] today released
the 2023 Commercial Aircraft Finance Market Outlook (CAFMO) showing
another year of recovery and increased demand from aircraft
financiers and investors.
"With production and delivery increases and the reopening of
certain regional markets, we forecast aircraft financing needs to
reach near pre-pandemic levels in 2023," said Rich Hammond, vice president of Customer Finance
at Boeing. "This positive trend reaffirms that our industry's
fundamentals are strong and aircraft financiers and investors are
well positioned as travel continues to recover."
The 2023 CAFMO is Boeing's annual review of aircraft financing
trends and assesses near-term market dynamics and financing sources
for new commercial airplane deliveries.
An introductory video, presentation and regional financing data
is available at www.boeing.com/CAFMO. Select highlights
- In 2022, the majority of Boeing airplanes were funded with cash
due to strong operational performance and de-leveraging efforts by
- While cash funding will continue to play a significant part in
delivery financing, the use of capital markets, bank debt and
export credit is expected to expand.
- 2022 capital markets activity was lower compared to its
heightened activity recorded in 2021.
- Export credit agencies supported nearly 5% of Boeing deliveries
- Lessor-supported deliveries will remain stable but may face
competition from other financing sources.
The Boeing 2022 Commercial Market Outlook, a separate annual
20-year forecast addressing the market for commercial airplanes and
services, reflects that the global market is recovering as Boeing
projected in 2020. Demand for domestic air travel has made a strong
recovery across a number of regions, with international traffic
gaining momentum as restrictions ease, tracking to return to
pre-pandemic levels by 2023 to 2024.
Caution Concerning Forward-looking Statements
Certain statements in this presentation may be "forward-looking"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Words such as "may," "should," "expects," "intends,"
"projects," "plans," "believes," "estimates," "targets,"
"anticipates" and similar expressions generally identify these
forward-looking statements. Examples of forward-looking statements
include statements relating to our future plans, business
prospects, financial condition and operating results, as well as
any other statement that does not directly relate to any historical
or current fact. Forward-looking statements are based on
expectations and assumptions that we believe to be reasonable when
made, but that may not prove to be accurate. These statements are
not guarantees and are subject to risks, uncertainties and changes
in circumstances that are difficult to predict. Many factors could
cause actual results to differ materially and adversely from these
forward-looking statements, including the COVID-19 pandemic and
related industry impacts; the timing and conditions of 737 MAX or
other airplane model regulatory approvals, lower-than-planned
production rates and/or delivery rates, and increased
considerations to customers and suppliers; economic and
geopolitical conditions in the United
States and globally; general market and industry conditions
as they may impact us or our customers; reliance on our commercial
customers, our U.S. government customers and our suppliers; the
overall health of our aircraft production system, as well as the
other important factors disclosed previously and from time to time
in The Boeing Company's filings with the Securities and Exchange
Commission. Any forward-looking statement speaks only as of the
date on which it is made, and we assume no obligation to update or
revise any such statement, whether as a result of new information,
future events or otherwise, except as required by law.
As a leading global aerospace company, Boeing develops,
manufactures and services commercial airplanes, defense products
and space systems for customers in more than 150 countries. As a
top U.S. exporter, the company leverages the talents of a global
supplier base to advance economic opportunity, sustainability and
community impact. Boeing's diverse team is committed to innovating
for the future, leading with sustainability, and cultivating a
culture based on the company's core values of safety, quality and
integrity. Join our team and find your purpose at
Mary Kay Leo
Boeing Media Relations
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