Iberia (IB, Madrid Barajas) has signed an agreement for Japanese trading house ITOCHU Corporation to acquire a minority stake in its engine maintenance subsidiary IAG Engine Tech. The transaction is expected to close in early 2027, subject to regulatory approvals, with IAG International Airlines Group retaining a majority stake in the MRO provider through Iberia. The parties did not disclose the stake size or transaction value.

Established in 2026, IAG Engine Tech will begin operations at Madrid Barajas' La Muñoza maintenance facility in early 2027, servicing narrowbody aircraft engines for IAG airlines and third-party customers, including CFM International LEAP engines.