3-Dec-2024Source: ITP Aero
ITP Aero has earned the prestigious Platinum Medal by EcoVadis, a global leader in business sustainability assessments. This recognition places ITP Aero within the top 1% of companies assessed by EcoVadis in 2024 globally. EcoVadis is renowned as the world’s most trusted business sustainability rating and is the standard tool for aerospace sector companies, as recommended... Read more
12-Apr-2024Source: ITP Aero
ITP Aero unveils DigitAl AeroTM, its state-of-the-art AI-based digital engine management platform This innovative technology is the next stage of ITP Aero’s successful Engine Diagnosis and Health Monitoring (EDHM) tool. It offers significantly more processing power than EDHM and is specifically designed for airline engines, providing comprehensive flight data diagnostics. At the MRO Americas trade... Read more
11-Apr-2024Source: ITP Aero
ITP Aero has signed a contract with the Colombian Ministry of Defence for the Maintenance, Repair and Overhaul (MRO) of the T700 engines that power its Armed Forces’ fleet of Black Hawk helicopters. The contract will run until June 2026 and the MRO services for the engines will be carried out at ITP Aero’s facilities... Read more
2-Apr-2024Source: ITP Aero
ITP Aero reported record cash revenues of 1,305M€ in 2023 (+25% increase vs 2022), with solid growth across its commercial and defence business units. The company reported Cash EBITDA of 217M€ vs 146M€ in 2022 (+48%). ITP Aero closed 2023 with a total workforce of 5,007 employees, an 11% increase compared to 2022 (+500 new... Read more
4-Mar-2024Source: ITP Aero
ITP Aero has achieved “B” rating in the “Climate Change” category of Carbon Disclosure Project (CDP), a global non-profit organisation whose annual environmental disclosure and rating process is widely recognised as the “gold standard” for corporate environmental transparency. ITP Aero ranks above the average of the “Powered machinery” sector in which CDP includes the company... Read more
9-Nov-2023Source: ITP Aero
ITP Aero is leading two R&D projects on electric propulsion systems for urban and regional mobility, with a total budget of 13 million euros, which will be the first propulsion systems of these characteristics made in Spain. Despite the fact that the electrification of ground propulsion systems has reached a high level of technological and... Read more
17-Oct-2023Source: ITP Aero
ITP Aero, a Bain Capital portfolio company, through its affiliate ITP Aero US, has signed a definitive agreement to acquire the majority of BP Aero, an Irving (Texas, USA) based leading provider of aircraft engine aftermarket services. Current founders and shareholders will remain involved with the company throughout its new phase of growth. Founded in... Read more
11-Oct-2023Source: ITP Aero
ITP Aero will strengthen its leadership team, appointing Eva Azoulay as the new Group Chief Executive Officer. The Spanish weight in the management team will be reinforced with the appointment of Carlos Alzola as Managing Director, and of Javier Lázaro, the Chief Financial Officer, as Board member. The three executives will be based in the... Read more
25-Sep-2023Source: ITP Aero
ITP Aero is leading two R&D projects on electric propulsion systems for urban and regional mobility, with a total budget of 13 million euros, which will be the first propulsion systems of these characteristics made in Spain. Despite the fact that the electrification of ground propulsion systems has reached a high level of technological and... Read more
27-Jul-2023Source: ITP Aero
ITP Aero has successfully completed engine testing using a blend of Sustainable Aviation Fuel (SAF) with conventional jet fuel at its Albacete (Spain) facilities with the GE Aerospace CT7-8F5 engine, which powers the Spanish Ministry of Defence’s NH-90 helicopters. Going forward, ITP Aero plans to use approved SAF blends in all CT7 engines. With the support of... Read more
18-May-2023Source: ITP Aero
Within Feindef, the International Defence Exhibition being held in Madrid, ITP Aero has announced that during 2023 it will deliver, from its Albacete facilities, new GE CT7 engines, which power the NH-90 helicopter of the Spanish Ministry of Defence, tested with SAF (sustainable aviation fuel). This milestone is part of ITP Aero’s commitment to the... Read more
19-Apr-2023Source: ITP Aero
Pratt & Whitney Canada has appointed world leading aircraft engine and components manufacturer ITP Aero a Designated Overhaul Facility (DOF) for the maintenance, repair and overhaul of PW200 engines at ITP Aero’s facilities in Albacete, Spain. This is an important milestone for ITP Aero, as an independent company, as it expands its MRO portfolio ITP... Read more
9-Mar-2023Source: GE Aerospace
GE Aerospace has granted aircraft engine and components manufacturer ITP Aero a service contract extension to conduct maintenance, repair, and overhaul services for CT7 engines at its facility in Albacete, Spain. ITP Aero is the ninth largest aircraft engine and components manufacturing company in the world. The company’s scope of work includes research and development,... Read more
23-Feb-2023Source: ITP Aero
The plan announced is part of ITP Aero’s strategy to reinforce its leadership as an independent company in the global aeronautics market, by increasing its production capabilities, global industrial footprint and proprietary technology development capacities to lead the change towards a sustainable aviation sector. In this way, ITP Aero will accelerate its growth trajectory, under... Read more
5-Jul-2021Source: ITP Aero
ITP Aero has signed a contract with Gulf Helicopters Company (GHC) to provide comprehensive support for its fleet of General Electric CT7-2E1 and CT7-8A engines that are flown in its Leonardo AW189 and Sikorsky S-92. The contract spans five years and work will be carried out at ITP Aero’s Albacete and Ajalvir (Madrid) facilities in... Read more
7-Dec-2020Source: ITP Aero
ITP Aero has signed a contract with CHC Helicopter to provide comprehensive support for its fleet of CT7-8A and CT7-2E1 engines that are flown in its Sikorsky S-92 and Leonardo AW189 helicopters. The contract spans five years and work will be carried out at ITP Aero’s Albacete and Ajalvir facilities in Spain. The contract includes... Read more
19-Jun-2020Source: ITP Aero
ITP Aero has signed a contract with CHC Helicopter to provide comprehensive support for its fleet of CT7-8A and CT7-2E1 engines that are flown in its Sikorsky S-92 and Leonardo AW189 helicopters. The contract spans five years and work will be carried out at ITP Aero’s Albacete and Ajalvir facilities in Spain. The contract includes... Read more
