Rolls-Royce completes sale of stake in AirTanker Holdings

Rolls-Royce has completed the sale of its 23.1% shareholding in AirTanker Holdings to Equitix Investment Management for cash proceeds of £189m. The completion of the transaction, which was announced on 13 September 2021, follows clearance from the relevant regulatory authorities. Proceeds from the transaction will be used to help rebuild the Rolls-Royce balance sheet in support of its medium-term ambition to return to an investment grade credit profile. AirTanker Holdings Limited owns 14 A330-200 Voyager aircraft which are powered by Trent 772B engines, a derivative of the Trent 700 engine. The Voyager aircraft support air-to-air refuelling, air transport and ancillary