Why Airbus (EADSY) Stock Is Gaining Today

NEW YORK (TheStreet) -- Shares of Airbus Group (EADSY) are up 0.57% to $15.99 after it was reported that the aerospace company is telling customers that it is planning its upgraded A330 wide body jet to be 14% more fuel-efficient, able to fly farther and carry more passengers, sources told the Wall Street Journal

The jet also would have a new engine to be built by Rolls-Royce Holdings (RYCEY) and derived from the engine that Rolls-Royce developed for Boeing's (BA) 787 Dreamliner, sources said.

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