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Airbus to revamp A330, but will keep eye on lifting profits

Company to decide launch of the re-engined version before year-end
Tuesday, June 17, 2014 - 06:00
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Saving fuel: Airbus faces a drop in A330 orders from 2016 as airlines' attention switches to Boeing 787, but appears progressively more confident about being able to preserve its wide-body cash cow with improvements in fuel efficiency. - PHOTO: AFP

[TOULOUSE] Airbus mapped out a potential revamp of its A330 jet, but vowed not to let the estimated US$2 billion investment divert it from improving profits at Europe's largest aerospace group. Fabrice Bregier, chief executive of the flagship planemaking unit of Airbus Group, said the company