Boeing issues upbeat jet finance outlook amid market turbulence

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Boeing Co predicted a surge in worldwide aircraft financing towards pre-pandemic levels this year, highlighting a rebound in demand for air travel just as aviation was swept up in a stock market rout over banking sector woes on Wednesday.

Aviation is also widely seen as vulnerable to any downturn in an economy already scarred by inflation, withthis week after it signaled demand during off-peak months was waning.

Boeing said it was seeing increased interest from financiers and investors to aid commercial airplane deliveries. "This positive trend reaffirms that our industry's fundamentals are strong and aircraft financiers and investors are well positioned as travel continues to recover," said Rich Hammond, vice president of Customer Finance at Boeing.

For now, airline executives said, the Credit Suisse upset is viewed as a relatively isolated issue rather than a repeat of the liquidity crisis which rocked aviation and other sectors in 2008-2009.standalone financing arm Boeing CapitalAnchored mainly in Dublin, the fast-growing aircraft financing sector has benefited from investors chasing relatively high dollar-denominated returns during the decade of central bank stimulus that followed the global financial crisis.

 

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