Bloomberg: Airbus to unveil A330neo next week

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

The long awaited Airbus (EADSF -1.6%) A330neo will be unveiled in the U.K. next week at the Farnborough Air Show, Bloomberg reports.

Airbus is looking to revamp its outdated A330 due to competition from Boeing's new 787 Dreamliner, and much demand from airlines world-wide.

Last month, Rolls-Royce was announced to be the exclusive provider of the upgraded planes' new engines.