Pratt & Whitney (P&W) anticipates taking full control of International Aero Engines (IAE) by around mid-2013 if regulatory approvals and administrative business transactions are completed by mid-2012.
Courtesy, IAE Pratt & Whitney (P&W) anticipates taking full control of International Aero Engines (IAE) by around mid-2013 if regulatory approvals and administrative business transactions are completed by mid-2012. P&W announced Wednesday it was restructuring its almost 30-year 50:50 joint venture with Rolls-Royce, buying out Rolls’ share of IAE for $1.5 billion (ATW Daily News, Oct. 13). The two companies are creating a new 50:50 JV to develop engines for future ...
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