CNBC: Airbus to name RR as exclusive A330neo engine supplier

|About: Airbus Group SE (EADSF)|By:, SA News Editor

After much discussion to revamp its A330, Airbus (EADSF) is now close to a decision which will allow Rolls-Royce (RRCEF) to become the exclusive provider of the upgraded planes' new engines, CNBC reports.

The announcement reinforces the bond between the two companies, as the current jet engine supply is also provided by rival GE (GE). The new A330neo will be a wide-body jet with new wingtips, and save up to 15% in fuel costs.