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Boeing Expands Customers' Fuel-Efficiency Capabilities by Acquiring ETS Aviation

Companies mentioned in this article: Boeing

SEATTLE, May 23, 2014 /PRNewswire/ -- Boeing (NYSE: BA) today announced an agreement to acquire ETS Aviation, a provider of fuel-efficiency management and analytics software. ETS Aviation solutions lead the market, providing more than 120 airlines and corporate flight departments the tools necessary to accurately monitor fuel consumption, identify fuel savings opportunities, and track and report carbon emissions.

ETS Aviation's fuel efficiency solutions support more than 600 commercial aircraft across nearly 900,000 flights annually.

"Boeing is focused on creating a competitive advantage for our customers," said Stan Deal, senior vice president of Commercial Aviation Services, Boeing Commercial Airplanes. "With fuel costs accounting for as much as 40 percent of airline operating costs, reducing fuel consumption enables airlines to be more successful while reducing emissions.

"Adding these fuel-efficiency tools enhances the edge we provide customers, helping airlines realize greater operating and environmental efficiencies," Deal added.

"We founded ETS Aviation with a simple goal: to develop affordable software and consultancy solutions that make the day-to-day operations of airlines and aircraft operators more efficient," said David Carlisle, ETS Aviation founder and chief executive officer. "Today we are the market leader, helping customers around the world improve their fuel efficiency and reduce CO(2) emissions. As part of Boeing, we look forward to an exciting future, delivering the highest standards of customer service whilst our solutions continue to innovate and grow at an even more rapid pace."

ETS Aviation's fuel efficiency tools will become part of the integrated suite of aviation services marketed as the Boeing Edge. These include digital solutions that increase efficiency and profitability for aircraft operators by optimizing flight operations, maintenance, and crew planning and scheduling.

ETS Aviation employees, who are based in Bristol, UK, will join the Jeppesen UK subsidiary of The Boeing Company upon completion of the transaction, which is expected to occur in the second quarter.

Completion is subject to customary conditions. Terms of the transaction are not being disclosed.

Forward-Looking Information Is Subject to Risk and Uncertainty

      Certain statements in this
       release may be "forward-
       looking" within the meaning
       of the Private Securities
       Litigation Reform Act of
       1995, including statements
       regarding the expected
       timetable for completing
       the transaction, future
       business prospects, and
       benefits and synergies of
       the transaction, as well as
       any other statement that
       does not directly relate to
       any historical or current
       fact. Forward-looking
       statements are based on
       current assumptions about
       future events that may not
       prove to be accurate. These
       statements are not
       guarantees and are subject
       to risks, uncertainties and
       changes in circumstances
       that are difficult to
       predict. Many factors could
       cause actual results to
       differ materially from
       these forward-looking
       statements. As a result,
       these statements speak only
       as of the date they are
       made and we undertake no
       obligation to update or
       revise any forward-looking
       statement, except as
       required by law. Specific
       factors that could cause
       actual results to differ
       materially from these
       forward-looking statements
       include the effect of
       global economic conditions,
       the ability of the parties
       to consummate the
       transaction, our ability to
       successfully integrate ETS
       Aviation's business and
       realize anticipated
       synergies, and other
       important factors disclosed
       previously and from time to
       time in our filings with
       the Securities and Exchange
       Commission.
      ----------------------------

Contact:
Mike Pound
Digital Aviation Communications
+1 303-328-4777
michael.w.pound@boeing.com

SOURCE Boeing