Rolls-Royce has announced the sale of its 23.1% shareholding in AirTanker Holdings Limited to Equitix Investment Management Limited.

The transaction is worth GBP189 million (US$261.65 million) in cash, including the repayment of shareholder loans and accrued and deferred interest of approximately GBP47 million (US$65.06 million). The transaction is expected to complete by the end of the first quarter of 2022, subject to regulatory approvals.

AirTanker Holdings Limited, a joint venture with Airbus, Babcock, and Thales, owns 14 A330-200 Voyager aircraft which are powered by Trent 772B engines, a derivative of the Trent 700 engine. The Voyager aircraft supports air-to-air refueling, air transport, and ancillary services for the UK Ministry of Defence.