Airbus has announced the launch of the A330-800neo and A330-900neo, two new members of its Widebody Family, which will incorporate latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features.

According to Airbus the A330neo reduces fuel consumption by 14 per cent per seat, making it the most cost efficient, medium range Widebody aircraft on the market, the European aircraft manufacturer said. In addition to greater fuel savings, A330neo operators will benefit from a range increase of up to 400 nautical miles. Deliveries of the A330neo will start in Q4 2017.

“The A330 is a very important margin contributor for our Group. It’s also one of the most reliable and efficient commercial aircraft ever. Customers love it. With our decision to re-engine the plane, we will keep the A330 flying high for many more years to come. The development costs for the A330neo will be incurred from 2015 to 2017 with an impact of around -70 basis points on Airbus Group’s 2015 Return on Sales target. However, we have a very good business case and the A330neo, once in service, will continue to significantly contribute to our group’s earnings,” said Tom Enders, CEO of Airbus Group.

In addition to the new Trent 7000 engines, the A330neo will feature incremental innovations, including aerodynamic enhancements such as new A350 XWB inspired winglets, an increased wing span and new engine pylons.