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Airbus Confronts Boeing Dreamliner With Upgrades to A330

Airbus Group NV is upgrading the 20-year-old A330 jet with new engines to confront the wide-body challenge from Boeing Co.’s newer 787 Dreamliner.

The move became official at the Farnborough Airshow today, capping months of speculation about when and whether Airbus would offer the so-called A330neo. Airbus will drop the smallest of the three versions of its more-modern A350, a variant that hasn’t sold well.