Mr. Scott Scherer is the senior executive focused on policy and regulatory strategies associated with the aircraft financing mission of Boeing Capital Corporation (BCC), a wholly owned Boeing subsidiary responsible for arranging, structuring and providing financing solutions to customers of Boeing products. He was named to this position in December 2009.
In this role, Scherer is responsible for developing and overseeing BCC’s interactions with industry and government stakeholders regarding the laws, rules, regulations and policies that shape the aircraft financing infrastructure in an increasingly complex global arena.
Previously Scherer had served as vice president and general manager for BCC’s Aircraft Financial Services organization, a position he held since early 2000 and one in which he was responsible for much of the company’s current success and track record related to aircraft financing infrastructure matters.
Prior to that, he was vice president of Customer Financing for Boeing. Previously, he served as director - Finance & Business Management for Boeing’s 737/757 airplane programs and as assistant treasurer – Customer Financing. Scherer has worked in the customer financing area since 1977.
Scherer help found the Aviation Working Group, an international industry organization dedicated to developing policies and regulations to facilitate advanced aviation financing. Under Scherer's leadership as co-chairman, the AWG led a successful effort to develop and ratify the Cape Town Treaty. It provides predictable legal rules to help facilitate global, asset-based financing and leasing. Previously, Scherer led an industry coalition in successful efforts to amend Section 1110 of the U.S. Bankruptcy Code to improve the ability of U.S. airlines to raise aircraft financing.
Scherer also played a leadership role in negotiating a new Aircraft Sector Understanding (ASU) agreement. This international agreement establishes the terms and conditions that export credit agencies offer in support of the sale of their respective countries’ aircraft.
Scherer holds a bachelor’s degree in economics from Texas A&M University. He also participated in the master’s of business administration program at Seattle University.
Born on May 20, 1951, in St. Louis, Missouri, Scherer spends his spare time enjoying arts and cultural activities including music, theater and ballet. He also enjoys outdoor time as the owner of three dogs, a bird hunter and motorcyclist.
An active community volunteer, Scherer is currently a director and treasurer of the American Foundation for International Uniform Law, a not-for-profit corporation, which helps support efforts to harmonize international laws, assists developing countries to modernize their laws, and provides education about international private law through scholarships and internships for young lawyers. He also serves on the governing board of trustees of the Pacific Northwest Ballet where he is a member of its finance committee. Scherer also is a past president of the King County, Wash. board of the American Heart Association, and past corporate chair of the Association’s Puget Sound Heart Walk.