Boeing Aircraft Financing Unit, Boeing Capital, to End Separate SEC Reporting

Wed Jan 23, 2013 4:15pm EST

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- Boeing will continue reporting on financing unit as part of corporate SEC
filings
CHICAGO,  Jan. 23, 2013  /PRNewswire/ -- Boeing (NYSE: BA) announced today that
its aircraft financing and leasing unit, Boeing Capital Corporation (BCC), plans
to suspend its separate U.S. Securities and Exchange Commission reporting.  The
move will help streamline Boeing's financial reporting process while not
affecting the financing and leasing unit's mission, operations or customer
interactions. Boeing Capital's financial information will continue to be
included in Boeing's SEC disclosures.

Boeing issued today a full and unconditional guarantee of all outstanding
publicly issued debt securities of Boeing Capital.   The aircraft financing unit
will suspend its separate SEC reporting after filing its Form 10-K for 2012 in
the coming weeks.  In connection with the plan to suspend reporting obligations,
BCC will file with the SEC today to terminate its current debt registration
statement.  

"This action will generate efficiencies in Boeing's financial reporting process
while allowing Boeing Capital to continue to fulfill its mission of supporting
the company's customers and managing its financial risks," said  Mike Cave,
Boeing Capital's president. "Our customers and stakeholders will see no change
in Boeing Capital's mission or how it operates.  In addition, Boeing Capital
intends to continue to maintain a target debt-to-equity ratio of 5 to 1."

Cave said any future funding requirements for Boeing Capital are expected to be
raised at the corporate level and then provided to Boeing Capital through
intercompany loans.  

Boeing Capital's roots date back more than four decades in service to the
aircraft financing needs of Boeing customers around the globe.

"Boeing Capital will continue to be reported as a segment in Boeing's SEC
reports, and we will continue to provide transparency into BCC's financial
results, financial position and leverage," said  Diana Sands, Boeing's corporate
vice president and controller.

BCC currently has approximately 150 employees and is headquartered in  Renton,
Wash., near  Seattle.  

Contact:

John Kvasnosky
Communications, Boeing Capital Corp.
Office: 425-965-4057
Mobile: 206-898-9528
john.kvasnosky@boeing.com

Caution Concerning Forward-Looking Statements

Statements in this press release relating to the intention to maintain a target
debt-to-equity ratio for BCC are forward-looking statements.  There are a number
of important factors that could cause actual events to differ materially from
those suggested or indicated by such forward-looking statements.  These include,
among others, prefunding of debt maturities, Boeing Capital's results for any
particular quarter, and changes in Boeing's or Boeing Capital's target for
Boeing Capital's leverage and other factors identified in the Boeing's filings
with the Securities and Exchange Commission, including its most recent Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form
8-K. Any forward-looking statement speaks only as of the date on which it is
made, and the company assumes no obligation to update or revise any
forward-looking statement, whether as a result of new information, future
events, or otherwise, except as required by law.  

www.boeing.com

SOURCE  Boeing

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