A UK Royal Air Force A330 tanker owned by AirTanker Holdings Ltd prepares to refuel a Tornado strike aircraft. (Airbus)

UK engineering company Babcock International and British engine manufacturer Rolls-Royce have agreed to divest their minority stakes in the AirTanker Holdings Ltd joint venture, which owns a fleet of Airbus A330 Multi Role Tanker Transport (MRTT) aircraft for the UK's Royal Air Force (RAF), Babcock and Rolls-Royce announced on 13 September.

UK private equity firm Equitix Investment Management will buy Babcock's 15.4% share for GBP126 million (USD174.3 million) and Rolls-Royce's 23.1% share for GBP189 million, joining Airbus and Thales as owners of AirTanker Holdings. The deals are expected to close by the end of the first quarter of calendar year 2022 after receiving regulatory approvals.

Both transactions are part of broader efforts by Babcock and Rolls-Royce to divest non-core businesses and generate proceeds to reduce debt. Babcock and Rolls-Royce want to raise a total of at least GBP400 million and GBP2 billion, respectively.

A UK Royal Air Force A330 tanker owned by AirTanker Holdings Ltd prepares to refuel a Tornado strike aircraft. (Airbus)

UK engineering company Babcock International and British engine manufacturer Rolls-Royce have agreed to divest their minority stakes in the AirTanker Holdings Ltd joint venture, which owns a fleet of Airbus A330 Multi Role Tanker Transport (MRTT) aircraft for the UK's Royal Air Force (RAF), Babcock and Rolls-Royce announced on 13 September.

UK private equity firm Equitix Investment Management will buy Babcock's 15.4% share for GBP126 million (USD174.3 million) and Rolls-Royce's 23.1% share for GBP189 million, joining Airbus and Thales as owners of AirTanker Holdings. The deals are expected to close by the end of the first quarter of calendar year 2022 after receiving regulatory approvals.

Both transactions are part of broader efforts by Babcock and Rolls-Royce to divest non-core businesses and generate proceeds to reduce debt. Babcock and Rolls-Royce want to raise a total of at least GBP400 million and GBP2 billion, respectively.

A UK Royal Air Force A330 tanker owned by AirTanker Holdings Ltd prepares to refuel a Tornado strike aircraft. (Airbus)

UK engineering company Babcock International and British engine manufacturer Rolls-Royce have agreed to divest their minority stakes in the AirTanker Holdings Ltd joint venture, which owns a fleet of Airbus A330 Multi Role Tanker Transport (MRTT) aircraft for the UK's Royal Air Force (RAF), Babcock and Rolls-Royce announced on 13 September.

UK private equity firm Equitix Investment Management will buy Babcock's 15.4% share for GBP126 million (USD174.3 million) and Rolls-Royce's 23.1% share for GBP189 million, joining Airbus and Thales as owners of AirTanker Holdings. The deals are expected to close by the end of the first quarter of calendar year 2022 after receiving regulatory approvals.

Both transactions are part of broader efforts by Babcock and Rolls-Royce to divest non-core businesses and generate proceeds to reduce debt. Babcock and Rolls-Royce want to raise a total of at least GBP400 million and GBP2 billion, respectively.

A UK Royal Air Force A330 tanker owned by AirTanker Holdings Ltd prepares to refuel a Tornado strike aircraft. (Airbus)

UK engineering company Babcock International and British engine manufacturer Rolls-Royce have agreed to divest their minority stakes in the AirTanker Holdings Ltd joint venture, which owns a fleet of Airbus A330 Multi Role Tanker Transport (MRTT) aircraft for the UK's Royal Air Force (RAF), Babcock and Rolls-Royce announced on 13 September.

UK private equity firm Equitix Investment Management will buy Babcock's 15.4% share for GBP126 million (USD174.3 million) and Rolls-Royce's 23.1% share for GBP189 million, joining Airbus and Thales as owners of AirTanker Holdings. The deals are expected to close by the end of the first quarter of calendar year 2022 after receiving regulatory approvals.

Both transactions are part of broader efforts by Babcock and Rolls-Royce to divest non-core businesses and generate proceeds to reduce debt. Babcock and Rolls-Royce want to raise a total of at least GBP400 million and GBP2 billion, respectively.

A UK Royal Air Force A330 tanker owned by AirTanker Holdings Ltd prepares to refuel a Tornado strike aircraft. (Airbus)

UK engineering company Babcock International and British engine manufacturer Rolls-Royce have agreed to divest their minority stakes in the AirTanker Holdings Ltd joint venture, which owns a fleet of Airbus A330 Multi Role Tanker Transport (MRTT) aircraft for the UK's Royal Air Force (RAF), Babcock and Rolls-Royce announced on 13 September.

UK private equity firm Equitix Investment Management will buy Babcock's 15.4% share for GBP126 million (USD174.3 million) and Rolls-Royce's 23.1% share for GBP189 million, joining Airbus and Thales as owners of AirTanker Holdings. The deals are expected to close by the end of the first quarter of calendar year 2022 after receiving regulatory approvals.

Both transactions are part of broader efforts by Babcock and Rolls-Royce to divest non-core businesses and generate proceeds to reduce debt. Babcock and Rolls-Royce want to raise a total of at least GBP400 million and GBP2 billion, respectively.

A UK Royal Air Force A330 tanker owned by AirTanker Holdings Ltd prepares to refuel a Tornado strike aircraft. (Airbus)

UK engineering company Babcock International and British engine manufacturer Rolls-Royce have agreed to divest their minority stakes in the AirTanker Holdings Ltd joint venture, which owns a fleet of Airbus A330 Multi Role Tanker Transport (MRTT) aircraft for the UK's Royal Air Force (RAF), Babcock and Rolls-Royce announced on 13 September.

UK private equity firm Equitix Investment Management will buy Babcock's 15.4% share for GBP126 million (USD174.3 million) and Rolls-Royce's 23.1% share for GBP189 million, joining Airbus and Thales as owners of AirTanker Holdings. The deals are expected to close by the end of the first quarter of calendar year 2022 after receiving regulatory approvals.

Both transactions are part of broader efforts by Babcock and Rolls-Royce to divest non-core businesses and generate proceeds to reduce debt. Babcock and Rolls-Royce want to raise a total of at least GBP400 million and GBP2 billion, respectively.