From left, Boeing Commercial Airplanes president and CEO Jim Albaugh; Embraer Commercial Aviation president Paulo Cesar Silva; Airbus president and CEO Tom Enders. Courtesy, Embraer
Boeing, Airbus and Embraer signed a memorandum of understanding (MOU) "to work together on the development of drop-in, affordable aviation biofuels," the aircraft manufacturers announced Thursday.
The companies said in a joint statement that they have "agreed to seek collaborative opportunities to speak in unity to government, biofuel producers and other key stakeholders to support, promote and accelerate the availability of sustainable new jet fuel sources."
Boeing Commercial Airplanes president and CEO Jim Albaugh, Airbus president and CEO Tom Enders and Embraer Commercial Aviation president Paulo Cesar Silva signed the MOU Thursday at an Air Transport Action Group (ATAG) meeting in Geneva. ATAG executive director Paul Steele (ATW Daily News, May 16, 2011) said, "Through these types of broad industry collaboration agreements, aviation is doing all it can to drive measurable reductions in carbon emissions."
Albaugh stated, "There are times to compete and there are times to cooperate. Two of the biggest threats to our industry are the price of oil and the impact of commercial air travel on our environment."