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  • Reuters3 years ago

    Airbus nears exclusive deal with Rolls to revamp A330 -sources

    Airbus is very close to a decision to upgrade its A330 with engines provided by Rolls-Royce, setting the stage for a bitter new phase in the battle for wide-body jet orders with Boeing's 787, people familiar with the matter said. The move will strengthen a growing strategic pairing between the European companies, with General Electric, the main alternative engine supplier on the existing version of the jet, no longer seen as a contender to take part in the $2 billion project to build a revamped "A330neo", they said. The people, asking not to be named, said the move to go ahead with Rolls-Royce as the only supplier for a new version of the A330, offering up to 14-15 percent in fuel savings including new wingtips, is subject to approval by the Airbus Group board. Rolls-Royce said it was "not aware" of a final decision having been reached.

  • Reuters3 years ago

    PRESS DIGEST- British Business - June 12

    The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Telegraph CHINA CONSTRUCTION BANK TO BE ...

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