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Boeing, Airbus and Embraer team up for aviation biofuels

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03/22/2012 | 12:30pm CEST

Boeing Co (>> The Boeing Company), Airbus (>> EADS) and Embraer (>> Embraer SA) have come together to work with governments and biofuel producers to promote and speed up the availability of jet fuels that reduce carbon emissions.

Boeing Co (>> The Boeing Company), Airbus (>> EADS) and Embraer (>> Embraer SA) have come together to work with governments and biofuel producers to promote and speed up the availability of jet fuels that reduce carbon emissions.

The three aircraft makers signed a memorandum of understanding at the Air Transport Action Group (ATAG) Aviation and Environment Summit in Geneva, Boeing said in a statement.

"Two of the biggest threats to our industry are the price of oil and the impact of commercial air travel on our environment," Boeing CEO Jim Albaugh said.

A new EU law that took effect from January 1 makes it obligatory for airlines flying in and out of the region to buy carbon permits to offset their emissions.

However, a trade war is brewing with the United States, China and India -- the top three carbon emitters -- questioning the EU's legal jurisdiction to charge for an entire flight.

(Reporting by Megha Mandavia in Bangalore; Editing by Sriraj Kalluvila)

Stocks treated in this article : The Boeing Company, EADS, Embraer SA
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Financials ($)
Sales 2017 91 951 M
EBIT 2017 9 124 M
Net income 2017 6 385 M
Debt 2017 1 492 M
Yield 2017 3,03%
P/E ratio 2017 17,66
P/E ratio 2018 16,48
EV / Sales 2017 1,23x
EV / Sales 2018 1,21x
Capitalization 111 813 M
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Average target price 189 $
Spread / Average Target 2,1%
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Dennis A. Muilenburg Chairman, President & Chief Executive Officer
Gregory D. Smith Chief Financial Officer & Executive Vice President
Ted Colbert Chief Information Officer
Gregory L. Hyslop CTO, Senior VP-Engineering, Test & Technology
Kenneth M. Duberstein Lead Independent Director
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