Airbus to Upgrade A320, Announcement Weds

The project, estimated at between $1 billion and $2 billion, will see the launch of an optional new version of the popular family of passenger jets called Airbus NEO with the new engines offering better fuel burn. It will be announced early on Wednesday.

The sources spoke on condition of anonymity because the decision had not yet been announced.

Airbus declined to comment.

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UPDATE 1-Airbus to streamline engineering on key project
http://www.reuters.com/article/idUSLDE6AT27420101130#