Airbus studies jet to compete with Boeing 7E7

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European aircraft maker Airbus has been working with engine makers to come up with a plane that would compete with rival Boeing Co.'s planned 7E7 widebody jet, the Wall Street Journal Europe said on Friday.

European aircraft maker Airbus has been working with engine makers to come up with a plane that would compete with rival Boeing Co.'s planned 7E7 widebody jet, the Wall Street Journal Europe said on Friday.

Airbus, owned by European aerospace group EADS, would however not develop a completely new model but would likely modify its Airbus 330-200 model, the newspaper said, citing people involved in the discussions.

Changes would include more fuel-efficient engines and possible changes to the wings to increase the plane's range, the newspaper said.

EADS was not immediately available to comment.

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