27th Jun 2014 09:07
LONDON (Alliance News) - Airbus is very close to a decision to upgrade its A330 with engines provided by Rolls-Royce Holdings PLC, Reuters reports Friday, citing people familiar with the matter.
The move will strengthen a growing strategic pairing between the European companies, with General Electric Co, the main alternative engine supplier on the existing version of the jet, no longer seen as a contender to take part in the USD2 billion project provisionally dubbed "A330neo", Reuters quoted the people as saying.
The go-ahead to make Rolls-Royce sole supplier for the new version of the A330, offering up to 14-15% in fuel savings with the help of new wingtips, remains subject to Airbus board approval, Reuters added.
Rolls-Royce shares were up 1.4% at 1,060.18 pence Friday morning, one of the biggest gains on the FTSE 100.
http://uk.reuters.com/article/2014/06/26/uk-airbus-a-idUKKBN0F127020140626
By Steve McGrath; [email protected]; @SteveMcGrath1
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