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This happens also with automotive companies. Peugeot has its own bank, which lends money to people buying peugeots. The big difference: is not circular. The ban
by f1shy 1y ago
This happens also with automotive companies. Peugeot has its own bank, which lends money to people buying peugeots. The big difference: is not circular. The bank is a bank, the OEM building cars build cars.
The bank makes money by lending and cashing interest.
The car maker by selling for profit.
The money goes from bank to OEM, and not the way around, no circle.
I do not know the specifics of Boeing though.
- dh2022 1y agoBoeing uses Export / Import bank to finance some of its sales: https://www.exim.gov/news/export-import-bank-united-states-board-directors-approves-nearly-297-million-transaction https://www.exim.gov/news/export-import-bank-united-states-b... https://www.reuters.com/business/aerospace-defense/us-export-import-bank-says-board-backs-811-mln-loan-guarantee-aid-boeing-sale-2022-06-17/ https://www.reuters.com/business/aerospace-defense/us-export... https://www.cato.org/regulation/fall-2015/us-export-import-bank-boeing-value-friends-high-places https://www.cato.org/regulation/fall-2015/us-export-import-b...