- Iberia has signed an agreement for ITOCHU Corporation to acquire a minority stake in IAG Engine Tech
- The transaction is expected to close in early 2027
- IAG will retain a majority stake through Iberia
- IAG Engine Tech will begin operations at Madrid Barajas in early 2027
- The subsidiary will service CFM International LEAP engines
Iberia has signed an agreement for Japanese trading house ITOCHU Corporation to acquire a minority stake in its engine maintenance subsidiary IAG Engine Tech. The transaction is expected to close in early 2027 subject to regulatory approvals. IAG International Airlines Group will retain a majority stake in the MRO provider through Iberia. The parties did not disclose the stake size or transaction value.
Established in 2026, IAG Engine Tech will begin operations at Madrid Barajas’ La Muñoza maintenance facility in early 2027. The subsidiary will service narrowbody aircraft engines for IAG airlines and third-party customers including CFM International LEAP engines.
The investment brings ITOCHU into the engine maintenance business. IAG Engine Tech forms part of IAG’s maintenance, repair and overhaul capabilities. The facility will serve both internal and external customers.
