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4-Traders Homepage  >  Equities  >  Nyse  >  Boeing Company (The)    BA

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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 91 908 M
EBIT 2017 9 721 M
Net income 2017 6 829 M
Debt 2017 2 076 M
Yield 2017 2,20%
P/E ratio 2017 22,93
P/E ratio 2018 21,41
EV / Sales 2017 1,67x
EV / Sales 2018 1,63x
Capitalization 151 B
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Boeing Company (The) Technical Analysis Chart | BA | US0970231058 | 4-Traders
Technical analysis trends BOEING COMPANY (THE)
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 267 $
Spread / Average Target 4,2%
EPS Revisions
Managers
NameTitle
Dennis A. Muilenburg Chairman, President & Chief Executive Officer
Jenette Ramos Senior Vice President-Supply Chain & Operations
Gregory D. Smith CFO & EVP-Enterprise Performance & Strategy
Ted Colbert Chief Information Officer
Gregory L. Hyslop CTO, Senior VP-Engineering, Test & Technology
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