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Boeing, Airbus and Embraer team up for aviation biofuels

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03/22/2012 | 12:30pm CET

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 2016 94 411 M
EBIT 2016 5 790 M
Net income 2016 4 759 M
Debt 2016 438 M
Yield 2016 2,75%
P/E ratio 2016 21,53
P/E ratio 2017 16,63
EV / Sales 2016 1,04x
EV / Sales 2017 1,06x
Capitalization 98 129 M
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Spread / Average Target 1,7%
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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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