Airbus agreed on Tuesday to upgrade its maximum selling A320 passenger jet with the newly invented Engine upgraded with fuel saving technology in the airbus and tried his level best to manage without help from its emerging competitors. This has been predicted by the sources familiar with this matter.
This Project has been estimated between USD$1 billion and USD$2 billion will see the launch of an optional new version of the popular family of passenger jets known as Airbus NEO upgraded with the new engine offering the best fuel burn process occurring in the aviation industry. This news can be made official and announced on the early of Wednesday evening.
The sources said on the condition of anonymity because the decision has not yet been decided and announced officially in the real world. A320 upgrade will in itself contain the short and medium haul airliners from Pratt & Whitney and CFM International airports.
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