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It's major (not only) shareholder. Not a subsidiary
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'''ITP Aero''' ('''Industria de Turbo Propulsores''') is a Spanish aero engine and [[gas turbine]] manufacturer.
It was established in 1989 as a [[joint venture]] between [[Spain|Spanish]] engineering conglomerate [[SENER]] and Rolls-Royce Plc. By 2015, it had grown to become as the ninth largest [[aircraft engine]] and components manufacturing company in the world in terms of revenue; the firm is also ranked among the top one hundred companies in the aerospace industry.<ref name = "ads2017 takeover"/>
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