Boeing signs $5bn vendor funding deal with Castlelake ...Qatar

Investment firm Castlelake LP signed an agreement with Boeing Co to provide as much as $5bn of financing to airlines and other companies looking to buy planes from the aerospace manufacturer. Boeing Capital Corp, the company’s finance arm, is reluctant to lend to customers as the plane maker’s debt levels have swelled, first because of its 737 MAX jet being grounded, and then because of the pandemic. Boeing’s debt totalled around $60bn as of the end of September, more than double its level at the end of last year and four times the amount at the end of 2018. “We prefer to use third-party financing rather than Boeing’s balance sheet, certainly at today’s time where we’ve leveraged up over th

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