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.
