U.S. planemaker Boeing (BA) called on cash-rich Middle East investors Wednesday to plug a potential financing shortfall of its aircraft as European banks reel from the region's sovereign debt crisis.
"The current European sovereign debt crisis, and its expected impacts on European banks, gives new impetus to aircraft investment opportunities for Middle East investors," Boeing said in a statement.
European banks have long been investors in aircraft but Boeing is now worried about an "expected pullback" from these lenders, it added, as fears mount about their exposure to indebted countries in the euro zone.
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