Pratt & Whitney (P&W) and MTU Aero Engines have both increased their stakes in International Aero Engines following Rolls-Royce’s equity exit from the joint venture (ATW Daily News, June 29). P&W president and new IAE chairman David Hess has detailed the new shareholder structure at the Farnborough Airshow. Previously, both Rolls and P&W held 32.5% of IAE. Under the old structure, the remaining shareholders were Japanese Aero Engines Corp. with 23% stake and MTU ...

Subscribe to Access this Entire Article

"IAE confirms shareholder structure after Rolls-Royce exit" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.