German aircraft engine maker MTU Aero Engines Holding AG (MTX.XE) said Thursday it intends to increase its share in the International Aero Engines consortium, a move expected to follow an agreement between Pratt & Whitney and Rolls-Royce Holdings PLC (RR.LN) on the restructuring of the consortium, which markets the V2500 engines for Airbus A320 aircraft.

MAIN FACTS:

-Neither financial details nor the exact size of the stake increase were disclosed.

-Rolls-Royce will sell its stake in International Aero Engines, or IAE, to Pratt & Whitney, which in turn will pass on parts of this share to MTU Aero Engines.

-MTU's share in the V2500 program will rise above the 11% it currently holds.

-MTU's revenue contribution from this program will increase substantially, and the deal is expected to lead to a positive earnings contribution for MTU.

 
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500
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