Boeing Co (NYSE:BA) Joins Mexican Government, Aeromexico In Biofuel Project

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Boeing Co (NYSE:BA) has announced its collaboration with the Aeromexico and the Mexican Government through Mexico’s Airports and Auxiliary Services (ASA) in a research project geared towards sustainable Aviation fuel.

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The initiative will help boost Mexico’s aviation sector through eco-friendly biofuel solutions. The project aims to help both the country and airplane manufacturer achieve their social-economic and environmental goals. Executives from Aeromexico, Boeing and Potosinian Institute of Scientific and Technological Research (IPICYT) met in Mexico City where they put the deal on paper.

Marc Allen, head of Boeing International stated that the company is delighted to be part of the initiative. He also stated that the project will support the aviation industry’s long-term growth targets and also support customers through better pricing. Aeromexico’s chief of People & Industries Affairs Sergio Allard said that the initiative would not have been possible without the joint efforts of the ASA and Boeing.

Mr. Allard pointed out that the partners have been instrumental in projects such as the first transcontinental biofuel flight that flew across the Mexico-Madrid route. The biofuel flight was the first of its kind in aviation history. They have also been partners in the green flights between Costa Rica and Mexico. Allard also noted that Aeromexico is aware that carrying out sustainable operations requires a daily commitment.

ASA’s business units coordinator, Jorge Nevarez Jacobo noted that the ASA is interested in playing a key role in the implementation of the biofuel project. ASA is ready to offer its experience so as to make sure that the initiative will be sustainable in Mexico’s airports.

Apart from its involvement in the aviation biosecurity project, Boeing also announced that it has appointed a new CEO for its Defense, Space & Security business. The company’s board of directors chose Leanne Caret as the best candidate for the job. She is expected to take over the new office as of March 1. She will take over the position previously held by Chris Chadwick who recently announced his retirement.

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