ITOCHU to take minority stake in IAG engine unit

Iberia has finalized a deal to sell a minority interest in IAG Engine Tech (IET) to ITOCHU Corporation. The establishment of IET occurred in 2026, with the company’s primary focus being aircraft engine maintenance for International Airlines Group (IAG). This investment represents ITOCHU Corporation's entry into the aviation sector and specifically, engine services. IAG will maintain control over IET through its ownership stake within Iberia. The transaction underscores the growing demand for specialized engine maintenance solutions within the global airline industry.