Boeing Capital Finance continues its preparations to sell off a fifth of its portfolio and focus solely on supporting the company's airliner business. The company will take advice from investment bank Credit Suisse First Boston on its options for the Commercial Financial Services portfolio, worth $2.3 billion - 19% of Boeing Capital's total portfolio. A date for the disposal has not been set: Boeing Capital says its options include selling the business, selling off the portfolio whole or piecemeal, or winding down the portfolio. Boeing Capital announced in November that it would reverse former president Jim Palmer's ambitious strategy of developing the company into a more independent finance house, choosing instead to focus on supporting airliner sales.

Source: Flight International