Roll-Royce looks to offload ITP Aero as part of £2 billion disposal drive

Rolls-Royce is looking to offload ITP Aero as part of a £2 billion disposal process by the embattled company, which reported an operating loss of £1.7 billion in H1,  including one off charges of £1.2 billion in its civil aerospace division linked to COVID 19. “We have identified a number of potential disposals that are expected to generate proceeds of more than £2 billion, including ITP Aero and a number of other assets. Furthermore, in light of ongoing uncertainty in the civil aviation sector, we are continuing to assess additional options to strengthen our balance sheet to enable us to emerge