Rolls-Royce, Pratt & Whitney cancel joint venture

Pratt & Whitney and Rolls-Royce Holdings have canceled plans for a joint venture to produce a commercial jet engine. The venture was announced in October 2011. Rolls-Royce said "following further discussion, and because of the current regulatory environment, the parties have agreed not to proceed with the partnership."

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Wall Street Journal (tiered subscription model), The · AviationWeek.com

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