Rolls-Royce To Sell ITP Aero To Spanish Consortium

ITP
Credit: Cristina Arias/Cover/Getty Images
LONDON—Rolls-Royce is to dispose of Spanish aero-engine company ITP Aero to a Bain Capital Private Equity-led consortium for €1.7 billion ($2 billion). The sell-off of ITP has been at the top of a list of potential asset disposals as Rolls-Royce looks to rebuild its balance sheet following the...
Tony Osborne

Based in London, Tony covers European defense programs. Prior to joining Aviation Week in November 2012, Tony was at Shephard Media Group where he was deputy editor for Rotorhub and Defence Helicopter magazines.

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