A Calyon bank official said at the annual Airfinance Journal conference that Airbus and Boeing may have to increase funding more than the companies expected this year because the funding gap is larger than thought. This Bloomberg story has the details.
Calyon has been one of the most active lenders worldwide.
Airbus and Boeing figured they would have to provide EUR1.5bn and $1bn in customer financing this year. Boeing has acknowledged that it could do $2bn-$3bn without any trouble, while still sticking to its $1bn projection. (Boeing’s earnings call is tomorrow (April 22) and perhaps the subject will come up then, though we don’t expect any change in this element of the forecast.)
We’re aware of a new funding source that might emerge this summer. We’ll have to wait and see.