Boeing And Embraer Sign Agreement For Broad Business Cooperation

KUALA LUMPUR, April 10 (Bernama)-- Embraer SA and Boeing today announced a cooperation agreement to work together to benefit their customers, their companies and the global aviation industry. In a joint statement on Tuesday, they said the agreement established an important relationship between two of the world's largest aerospace companies to cooperate in ways that enhance operational efficiency, safety and productivity, improve customer satisfaction and create value for both companies and their customers. Embraer President and Chief Executive Officer (CEO) Frederico Curado and Boeing Commercial Airplanes President and CEO Jim Albaugh signed the agreement during the visit of Brazil's President to the United States. "Boeing and Embraer have agreed to pursue several areas of cooperation, including commercial aircraft features that enhance safety and efficiency, research and technology and sustainable aviation biofuels. "They will also look for other areas to work together to bring mutual benefit and value to customers," the statement added. Albaugh said the significant agreement between two proven aerospace leaders provided real opportunities to reduce customers' operational costs and enhance fleet efficiency. "We look forward to working with Embraer to grow our industry and build a productive relationship that will benefit our companies and our countries," he said. Meanwhile, Curado said the collaboration with Boeing in some leading-edge matters would be beneficial for the industry and strengthen ties between Brazil and the US. The announcement by Embraer and Boeing was made on the same day as the signing by the Brazilian and US governments of a memorandum of understanding on the aviation partnership. Boeing and Embraer were previously engaged in other cooperative agreements. -- BERNAMA