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ITP Aero news
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The company is set to showcase its capabilities on a 100% recyclable and carbon neutral stand, in line with its commitment to a more sustainable aviation.
AeroLens® is a proprietary software that combines real image with virtual reality to improve aircraft engine maintenance.
During the exhibition, ITP Aero will be manufacturing real-time 3D TP400 engine vanes.
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The manufactured structure is called a Tail Bearing Housing (TBH). It is a key structural component within the engine and one of two that connects the engine to the aircraft and carries all the associated loads.
The UltraFan engine demonstrator is the basis for a future engine family with enhanced core capabilities and a new geared architecture that will be 25% more efficient than the first generation of Trent engine. UltraFan engine will be capable of running on 100% SAF (sustainable aviation fuel)
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Rolls-Royce signs agreement to sell ITP Aero
09/27/2021
Rolls-Royce has signed a definitive agreement to sell 100% of ITP Aero for approximately €1.7bn to Bain Capital Private Equity, which is leading a consortium of Spanish and Basque companies including SAPA and JB Capital.
Agreement is a key element of Rolls-Royce's disposal programme to help rebuild balance sheet and support medium-term ambition to return to investment grade credit profile.
Bain Capital will help drive ITP Aero's industrial plan as a means to ensure continuity and guarantee the maintenance of workforce levels. It intends to further grow the business, which will remain a key long-term strategic supplier to Rolls-Royce.
ITP Aero will be an independent business led by current CEO Carlos Alzola with headquarters and decision making remaining in Zamudio, Spain.
Rolls-Royce, Bain Capital and ITP Aero are pleased with the constructive dialogue conducted for this transaction with the Spanish and Basque governments.
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The contract includes ITP Aero's Engine Condition Trend Monitoring technology for predictive engine maintenance based on big data analysis
Gulf Helicopters Company (GHC) is one of the leading commercial aviation services provider
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