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Rolls-Royce sells its stake in AirTanker

Rolls-Royce sells its stake in AirTanker

On Monday 13 September, Rolls-Royce announced the sale of its stake in the AirTanker aircraft refuelling unit, for a sum approaching $261 million.

 

Rolls-Royce is selling its 23.1% stake in AirTanker, in its latest disposal to reduce its debt. It wants to sell assets worth £2 billion, primarily to help repair its balance sheet after the pandemic.

 

AirTanker, a UK charter airline, operates charter flights using air-to-air refuelling aircraft, of which Rolls-Royce is part of the parent company.

 

Rolls-Royce said that after the planned sale to Equitix Investment Management Limited, however, the British manufacturer would remain a 23.5% shareholder in AirTanker Services.

 

See Also

Read also > BOVET AND ROLLS ROYCE HAVE TEAMED UP TO RELEASE THE BOAT TAIL WATCH

 

Featured photo : © AirTanker

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