IAG, ES0177542018

Iberia adds ITOCHU to IAG Engine Tech and International Airlines Group stock costs EUR 4.85

Published on 10/29/2026 at 09:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iberia signed the deal October 27, 2026. International Airlines Group stock costs EUR 4.85 on October 29, 2026, with results due November 6.

Engine business gains strategic partner

Iberia signed the ITOCHU agreement on October 27, 2026.
IAG Engine Tech will begin operations in early 2027 after more than 50 years of Iberia Maintenance experience.
International Airlines Group stock traded at EUR 4.85 at 9:42 a.m. CET at Lang & Schwarz on October 29, 2026.

IAG, ES0177542018, Illustration mit AI erstellt.

International Airlines Group (ISIN ES0177542018) is bringing ITOCHU into its new engine-maintenance business after Iberia signed an agreement with the Japanese trading group on October 27, 2026. The transaction gives ITOCHU a minority stake in IAG Engine Tech, while IAG will retain majority ownership through Iberia, according to Iberia.

Engine maintenance starts in 2027

IAG Engine Tech is scheduled to begin engine-maintenance operations in early 2027 from Iberia's La Muñoza facilities in Madrid. The business will serve the narrow-body engines of IAG airlines and pursue third-party customers, extending Iberia Maintenance's existing capabilities.

The company will cover V2500, CFM56 and PW1100G-JM engines, then add LEAP maintenance under the CFM LEAP Premier MRO license secured by IAG. Iberia says the new company builds on more than 50 years of engine-maintenance experience and aims to expand production capacity and specialization.

What does the partnership add?

ITOCHU contributes investment, industrial expertise and an international commercial network, while the agreement broadens IAG's aviation value chain beyond passenger and freight operations. The investment is expected to be completed in early 2027, subject to regulatory approvals and consents, so the announcement describes a planned transaction rather than a completed transfer.

Next company date

IAG's investor-relations calendar lists November 6, 2026 for the group's third-quarter results. That report will provide the next quantified test of whether the new engine business is material alongside the group's established airline operations.

Stock trades at EUR 4.85

International Airlines Group stock was trading at EUR 4.85 at Lang & Schwarz on October 29, 2026 at 9:42 a.m. CET. The price is shown without a daily comparison because a dated Xetra closing value was not established for this report.

The further course of trading is shown by the continuously updated real-time quote of International Airlines Group stock.