At Farnborough International Airshow, Airbus made an announcement that a newer version of the A330 is going to be under production soon. The reported plane would be called A330 NEO (New Engine Option), this product is going to be a direct competitor of the Dreamliner.
The A330 from Airbus has been one of the best planes ever built, this has been one of the better models of its time. But the 787, the latest offering from Boeing, has allowed airlines to operates flights at a cheaper rate due to its fuel efficiency. It consumes almost 20% lesser fuel over any other traditional plane. The 787 has been attracting airlines because, this plane has enabled airlines to launch newer routes which didn`t exist earlier.
Airbus claims that with the new A330, they would be able to improve fuel efficiency by almost 14% and this would indirectly increase the range by 400 Nautical miles. Another plus is that, the plane is going to be cheaper than the 787 and would be delivered earlier as the research program is not very long. The first half of 2014 has not been a great one for Airbus because not many orders were held by it. Airbus is somehow trying to attract the lost traction and hope for revival.
We will get our answers only in 2017, when the first A330 NEO rolls out.
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