Twenty-nine years after setting up International Aero Engines (IAE), Rolls-Royce (R-R) and Pratt & Whitney (P&W) are moving to the next phase of their plan to establish a new-technology, mid-size engine joint venture following completion of the restructuring of the original partnership. Under the revised IAE arrangement, MTU’s share grows to 16%, while Japanese Aero Engines retains its original 23% workshare and P&W holds the balance. The reshuffle follows R-R’s decision in ...

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