Pratt & Whitney Canada and Leonardo achieve first AW139 100% SAF flight
8th December 2023
Jardine Lloyd Thompson Group has combined its existing Italian broking business - Jardine Lloyd Thompson SpA - with the business of Marine & Aviation SpA. JLT has a 25% interest in the newly-formed joint venture, Marine & Aviation JLT. It has representation on the board with JLT senior employees forming part of the ongoing senior management team. As part of this transaction, JLT has also acquired a 25% interest in Marine Aviation & General (London) Ltd. The total consideration for the acquisition was JLT's existing Italian business together with €5.4m, payable in cash on completion. In total Marine & Aviation's operations generated net revenue of €9.5m in 2010 and produced a pre-tax profit of €1m.