Airbus is set to launch an overhaul of its popular A330 aircraft at the Farnborough International Airshow as the plane maker seeks to overturn Boeing’s dominant position in the lucrative long-range passenger jet market.
After months of speculation, the Toulouse-based company will announce a revamp of its wide-body A330, dubbed A330neo, with more fuel-efficient engines on Monday, according to people with knowledge of the plans.
The company is hoping to recreate the success of the re-engineered narrow-body A320. More than 2,800 A320neo planes have been sold. In June, Airbus said it could sell more than 1,000 A330neos were the plane to go ahead.
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