EXHIBIT 12
Boeing Capital Corporation and Subsidiaries
Computation of Ratio of Income to Fixed Charges
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<CAPTION>
Six months ended
June 30,
(Dollars in millions) 2000 1999
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Income:
<S> <C> <C>
Income before provision for income taxes $ 61.4 $ 53.1
Fixed charges 110.9 66.3
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Income before provision for income taxes and fixed charges $ 172.3 $ 119.4
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Fixed charges:
Interest expense $ 109.1 $ 64.5
Preferred stock dividends 1.8 1.8
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$ 110.9 $ 66.3
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Ratio of income before provision for income taxes and fixed
charges to fixed charges 1.55 1.80
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