Itochu Agrees to Acquire Minority Stake in IAG Engine Tech
Bitget2026/10/28 00:09- Itochu signed an agreement with Iberia to acquire a minority stake in Madrid-based aircraft engine maintenance company IAG Engine Tech.
- The investment marks its first entry into the narrow-body aircraft engine maintenance, repair and overhaul market.
- Established by Iberia in 2026, IAG Engine Tech will serve IAG airlines while developing an international third-party customer business.
- Operations will expand into LEAP engine maintenance from early 2027 under IAG's CFM LEAP Premier MRO license.
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