Middle East capital investment in Boeing aircraft doubled in two year
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Middle East capital investment in Boeing aircraft doubled in two year

Middle East capital investment in Boeing aircraft doubled in two year

Boeing Capital Corp (BCC), the manufacturer's product financing arm, has said capital investments in new Boeing commercial airplanes by financial institutions and airlines in the Middle East has nearly doubled since 2011, Saudi Gazette has reported. "The region historically has seen about 20% of its deliveries funded by its own capital sources. That turned up to more than 30% in 2011, and, for 2012, it's heading to nearly 60%," said Rich Hammond, a BCC senior director in the region. "Investors here are acutely aware that our commercial airplanes are great assets, and the growing demand for new and replacement aircraft is genuine."

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    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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