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 ...

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