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Airbus unveils revamp of A330 passenger jet

Published on Jul 14, 2014 3:04 PM
 
An Airbus Industrie A380 aircraft stands parked at the 2014 Farnborough International Airshow in Farnborough, southern England on July 13, 2014. European planemaker Airbus kicked off the Farnborough Airshow on Monday with confirmation it would sell revamped versions of its A330 wide-body jet powered by Rolls-Royce Trent 7000 engines and offering 14 percent fuel savings. -- PHOTO: REUTERS

FARNBOROUGH, England (REUTERS) - European planemaker Airbus kicked off the Farnborough Airshow on Monday with confirmation it would sell revamped versions of its A330 wide-body jet powered by Rolls-Royce Trent 7000 engines and offering 14 percent fuel savings.

Deliveries of the A330neo will start in the fourth quarter of 2017, Airbus said in a statement, adding it would build A330-800neo and A330-900neo models.

Airbus will incur development costs for the A330neo from 2015 to 2017, with an impact of around 70 basis points on the group's 2015 return-on-sales target, the company said.

Reuters reported on Sunday that Airbus would begin the air show with up to 100 commitments for the A330neo, citing industry sources, stepping up a contest with Boeing for up to US$250 billion (S$310 billion) of orders at the core of the long-haul jet market.

 
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