Airbus, Boeing and Embraer have signed a Memorandum of Understanding (MoU) to work together on the development of drop-in, affordable aviation biofuels.
The three leading airframe manufacturers 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.
Airbus President and CEO Tom Enders, Boeing Commercial Airplanes President and CEO Jim Albaugh, and Embraer Commercial Aviation President Paulo César Silva, signed the agreement at the Air Transport Action Group (ATAG) Aviation and Environment Summit in Geneva.
“We’ve achieved a lot in the last ten years in reducing our industry’s CO2 footprint - a 45% traffic growth with only three percent more fuel consumption,” said Enders. “The production and use of sustainable quantities of aviation biofuels is key to meeting our industry's ambitious CO2 reduction targets.….and we are supporting the EU commission towards its target of four percent of biofuel for aviation by 2020."
“Having these three aviation leaders set aside their competitive differences and work together in support of biofuel development, underscores the importance and focus the industry is placing on sustainable practices,” said ATAG executive director Paul Steele.
