Boeing says financing available to back jet deliveries

Boeing 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. 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. “Despite the unprecedented impacts of COVID-19 on the global aerospace industry, there generally continues to be liquidity in the market for our customers,” said Tim Myers, president of Boeing Capital, the planemaker’s financing arm. “We expect it to further improve as travel begins to rebound.”<br/>