While U.S. ExIm Bank financing remains closed to deals valued at more than $10 million, Boeing last year saw foreign export credit agencies from the UK and Italy step in to help guarantee credit lines from third parties to support their own suppliers, thereby further strengthening a global aircraft finance market that Boeing Capital Corporation president Tim Myers called more robust than any he has seen in his career. Speaking Monday with reporters via conference call from an aviation finance conference in San Diego, Myers emphasized the significance of those recent additions, as well as a projected increase in insurance industry participation in financing Boeing aircraft from 2 percent last year to 5 percent this year. Nevertheless, he also stressed the importance of export credit agency financing during inevitable lean periods.
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