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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 CET

(Reuters) - 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.

(Reuters) - 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 2018 96 970 M
EBIT 2018 11 156 M
Net income 2018 9 392 M
Debt 2018 1 276 M
Yield 2018 1,88%
P/E ratio 2018 22,85
P/E ratio 2019 19,42
EV / Sales 2018 2,20x
EV / Sales 2019 2,08x
Capitalization 212 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 26
Average target price 385 $
Spread / Average Target 8,1%
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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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