Welcome to our dedicated page for FTAI Aviation Ltd. news (Ticker: FTAI), a resource for investors and traders seeking the latest updates and insights on FTAI Aviation Ltd. stock.
FTAI Aviation Ltd. (NASDAQ: FTAI) is a leading aerospace company specializing in the ownership and maintenance of commercial jet engines, with a particular focus on CFM56 and V2500 engines. FTAI's proprietary portfolio, including The Module Factory and a joint venture for manufacturing engine PMA (Parts Manufacturer Approval), allows the company to provide significant cost savings and flexibility to its airline, lessor, and maintenance, repair, and operations (MRO) customers. The company also invests in aviation assets and aerospace products that offer strong and stable cash flows along with potential for earnings growth and asset appreciation.
Core Business Segments
- Aviation Leasing: FTAI’s aviation leasing segment focuses on leasing aircraft and aircraft engines. As of December 31, 2019, this segment managed 238 assets, comprising 74 aircraft and 164 commercial engines. The leasing operations facilitate the acquisition of engines at attractive prices, bolstering the company's strategic asset management.
- Jefferson Terminal: The Jefferson Terminal segment is involved in developing a multi-modal crude oil and refined products handling terminal at the Port of Beaumont, Texas. This segment also owns assets crucial to the transportation and processing of crude oil and related products.
- Ports and Terminals: This segment operates significant port assets, including Repauno, a 1,630-acre deep-water port along the Delaware River, and Long Ridge, a 1,660-acre multi-modal port along the Ohio River.
Business Strategy and Financial Performance
FTAI Aviation Ltd. focuses on generating strong and stable cash flows through its diversified aviation assets and strategic investments. The company's proprietary products and strategic joint ventures ensure cost efficiency and operational flexibility for its clients, fostering long-term relationships and recurring revenue streams.
Recent Achievements and Developments
FTAI Aviation Ltd. recently announced the commencement of a public offering of 2,090,561 ordinary shares by FIG LLC and an employee of FIG LLC. Citigroup is acting as the sole underwriter for this offering. The company's management will also host a conference call on April 26, 2024, to discuss key performance measures and recent developments.
FTAI's forward-looking strategy is backed by a robust risk management framework, ensuring that potential market volatilities are adequately mitigated. The company's annual and quarterly reports, available on its website, provide detailed insights into its financial health and operational strategy.
FTAI Aviation (NASDAQ: FTAI) has announced the complete redemption of its 4,940,000 outstanding 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares (Series B Shares). The redemption will occur on February 16, 2025, with shareholders receiving $25.00 per Series B Share in cash, plus accumulated and unpaid distributions totaling $2,405,404.25.
The Series B Shares, trading under the ticker symbol 'FTAIO,' will be fully redeemed according to the Notice of Full Redemption sent to shareholders on January 17, 2025. Holders can obtain additional redemption procedure information from Equiniti Trust Company,
FTAI Aviation has launched a Strategic Capital initiative partnering with institutional investors, focusing on acquiring 737NG and A320ceo aircraft. The initiative targets deploying $3.0+ billion of capital annually. As part of this, FTAI will sell 46 on-lease narrowbody aircraft to the first partnership for $549 million, maintaining an asset-light model.
The company has provided its 2025 financial guidance, projecting Adjusted EBITDA of $1.1-1.15 billion, with $500 million from Aviation Leasing and $600-650 million from Aerospace Products. The guidance assumes 100 modules produced quarterly at Montreal facility, maintained or improved Aerospace margins, and 25-35 V2500 engine MRE transactions for 2025.
FTAI Aviation has announced the sale of its remaining offshore energy vessels, the Pioneer and the Pride, for approximately $143 million. The company is strengthening its focus on its core business of providing power for the aftermarket of the CFM56 and V2500, which represent the two largest commercial engine programs.
FTAI Aviation reported strong financial results for Q3 2024, with net income of $78.1 million and earnings per share of $0.76. The company achieved Adjusted EBITDA of $232 million, with over $100 million coming from Aerospace Products. The Board declared a quarterly cash dividend of $0.30 per ordinary share, payable on November 25, 2024. Additional preferred share dividends were declared for Series B, C, and D shares, ranging from $0.50000 to $0.59375 per share, payable on December 16, 2024.
FTAI Aviation (NASDAQ: FTAI) has announced the timing for its third quarter 2024 earnings release and conference call. The company plans to release its financial results after the Nasdaq closing on Wednesday, October 30, 2024. A press release and earnings supplement will be available on the company's Investor Relations website.
Management will host a conference call on Thursday, October 31, 2024, at 9:00 A.M. Eastern Time. Participants can register for the call via a provided link to receive dial-in information. A simultaneous webcast will be available on the company's website. A replay of the conference call will be accessible from 12:30 P.M. on October 31, 2024, through 12:30 P.M. on November 7, 2024.
FTAI Aviation (NASDAQ: FTAI) has announced the full redemption of its outstanding 4,180,000 8.25% Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares. The redemption will occur on October 30, 2024, at a price of $25.00 per share in cash, plus approximately $1,579,811 in accumulated and unpaid distributions. The Series A Shares, trading under the ticker symbol 'FTAIP', will be fully redeemed.
A Notice of Full Redemption detailing the procedures was sent to shareholders on September 30, 2024. Additional information can be obtained from Equiniti Trust Company, by calling 718-921-8317. The company clarifies that this announcement does not constitute an offer to sell or solicitation to buy securities.
FTAI Aviation (NASDAQ: FTAI) has successfully completed the acquisition of Lockheed Martin Commercial Engine Solutions (LMCES) from Lockheed Martin Canada. The acquisition includes a 526,000-square-foot aircraft engine maintenance repair facility in Montréal, Québec. This strategic move strengthens FTAI Aviation's Maintenance, Repair, and Exchange (MRE) business, enhancing its ability to provide additional maintenance services to airline customers.
The integration of LMCES with FTAI's existing QuickTurn facility in Miami, Florida, significantly boosts the company's capacity to perform up to 1,350 CFM56 module overhauls and over 500 engine tests annually. Both facilities will be rebranded as FTAI Aviation Canada and FTAI Aviation USA, respectively. CEO Joe Adams stated that this acquisition is a major step towards FTAI Aviation becoming the unrivaled leader in MRE, aiming to provide high-quality, flexible solutions to their global customer base.
FTAI Aviation (NASDAQ:FTAI) has announced its participation in the upcoming Jefferies Industrials Conference. The company's CEO, Joe Adams, is scheduled to present on Thursday, September 5, 2023, at 9:50 AM ET in New York City. This event provides an opportunity for FTAI to showcase its business and engage with industry professionals and investors.
Interested parties can access a live webcast of the presentation through the company's investor relations website at https://ir.ftaiaviation.com/. This presentation may offer insights into FTAI's current operations, future strategies, and market position within the aviation industry. The Jefferies Industrials Conference is a significant platform for companies to connect with institutional investors and analysts, potentially impacting FTAI's visibility in the market.
FTAI Aviation (NASDAQ: FTAI) reported its Q2 2024 financial results, revealing a net loss of $228.2 million and basic/diluted earnings per share of -$2.26. Despite the loss, the company's Adjusted EBITDA reached $213.9 million. The Board declared a cash dividend of $0.30 per ordinary share for Q2, payable on August 20, 2024. Additionally, dividends were declared for preferred shares series A, B, C, and D.
Business highlights include Aerospace Products achieving a record Adjusted EBITDA of $91.2 million in Q2. FTAI has inducted 20 V2500 engines year-to-date and plans to induct 30 more by year-end. The company's Module Factory™ now boasts over 50 active customers worldwide.
FTAI Aviation (NASDAQ: FTAI) announced it will release its financial results for the second quarter of 2024 on July 23, 2024, after the Nasdaq market closes. The earnings release and supplement will be available on the Investor Relations section of the company's website.
Management will hold a conference call on July 24, 2024, at 8:00 A.M. Eastern Time to discuss the results. Interested participants can register via a specified link to receive access details. A live webcast of the call will also be available on the company's website.
A replay of the conference call can be accessed from 11:30 A.M. on July 24, 2024, until 11:30 A.M. on July 31, 2024. Further details are available on FTAI Aviation's Investor Relations page.
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