Boeing Capital to no longer report separately to SEC

Boeing Co. is attempting to streamline its financial reporting process by discontinuing separate SEC filings by its aircraft financing and leasing unit, Boeing Capital Corp. Staff Chicago Business Journal Boeing Co. said it plans to suspend separate U.S. Securities and Exchange Commission reporting of its aircraft financing and leasing unit, Boeing Capital Corp. Chicago-based Boeing (NYSE: BA) said the move will help streamline its 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. The aircraft financing unit will suspend its separate SEC reporting after filing its Form 10-K for 2012 in the coming weeks. "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," Boeing Capital President Mike Cave[1] said in a statement. "Our customers and stakeholders will see no change in Boeing Capital's mission or how it operates." Boeing also said it would guarantee of all outstanding publicly issued debt securities of Boeing Capital. 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[2] has about 150 employees and is based in Renton, Wash., near Seattle. References^ Mike Cave (^ Boeing Capital (
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