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.
On December 3, 2020, Fortress Transportation and Infrastructure Investors (NYSE: FTAI) announced a seven-year partnership with AAR CORP (NYSE: AIR) to create Serviceable Engine Products, focusing on CFM56 used serviceable material (USM). The collaboration aims to enhance USM inventory for the global aviation aftermarket, utilizing FTAI's CFM56 engine pool of over 200 engines. AAR will oversee teardown, repair, and sales of spare parts while positioning both companies to meet rising USM demand. This partnership is expected to deliver cost-effective solutions to airline customers.
Fortress Transportation and Infrastructure Investors (FTAI) will be presenting at the Stephens Annual Investment Conference on November 18, 2020, at 10:00 AM ET. CEO Joe Adams will lead the presentation, and interested investors can access the materials on FTAI’s Investor Relations website, www.ftandi.com. FTAI focuses on acquiring high-quality infrastructure and equipment critical for global transportation, aiming for strong cash flows and asset appreciation. The company is managed by an affiliate of Fortress Investment Group, a global investment leader.
Fortress Transportation and Infrastructure Investors (NYSE:FTAI) reported its Q3 2020 financial results, noting a net loss attributable to shareholders of $25.958 million or $0.30 per share. The company used $16.259 million in operating activities, while Funds Available for Distribution (FAD) stood at $39.856 million. Notably, a dividend of $0.33 per share was declared, payable on November 30, 2020. The Board also approved dividends for Series A and B Preferred Shares, amounting to $0.51563 and $0.50000 respectively, payable on December 15, 2020.
Fortress Transportation and Infrastructure Investors (NYSE: FTAI) has partnered with Lockheed Martin (NYSE: LMT) to establish The Module Factory, a dedicated engine maintenance center in Montreal. This facility will specialize in the modular repair and refurbishment of CFM56-7B and CFM56-5B engines, with a capacity for up to 300 visits annually. FTAI currently owns around 150 CFM56 engines and plans to acquire an additional 70 by year-end. The collaboration spans seven years, aiming to reduce engine turnaround time and offer cost-effective solutions to airline customers.
Long Ridge Energy Terminal in Hannibal, Ohio, is set to transition its 485 MW combined-cycle power plant to operate on carbon-free hydrogen. Collaborating with New Fortress Energy and GE, the facility aims to blend hydrogen in its gas stream, with plans to achieve 100% green hydrogen capabilities within a decade. Expected commercial operations will commence in November 2021, making it the first of its kind globally. Long Ridge has secured resources for hydrogen production and storage, positioning itself as a leader in green hydrogen solutions and clean energy storage.
Fortress Transportation and Infrastructure Investors (NYSE: FTAI) will release its third quarter 2020 financial results on October 29, 2020, after market close. An earnings supplement will be available on their website. Management will host a conference call on October 30, 2020, at 8:00 A.M. ET, accessible via a toll-free number. A replay will be provided after the call, lasting until November 6, 2020. FTAI focuses on acquiring essential infrastructure and equipment for global transportation, aiming for stable cash flows, earnings growth, and asset appreciation.
GCM Grosvenor announced the final close of its Labor Impact Fund with $893 million in committed capital, achieved on September 7, 2020. The Fund aims to execute infrastructure projects utilizing union labor to optimize risk-adjusted returns. Key investments include $85 million for Bakersfield Renewable Fuels and $150 million in Long Ridge Energy Terminal, expected to generate over 1.4 million union work hours. The Fund benefits from GCM Grosvenor's $57 billion investment platform and focuses on responsible contractor practices to enhance labor and community outcomes.
Fortress Transportation and Infrastructure Investors (FTAI) reported a net loss of $15.7 million for Q2 2020, equating to $0.18 per share. Despite the loss, the company achieved net cash provided by operating activities of $56.5 million and funds available for distribution (FAD) of $47.3 million. The Board declared a cash dividend of $0.33 per share payable on August 31, 2020. Additionally, dividends for Series A and B Preferred Shares were announced at $0.51563 and $0.50000 respectively, payable on September 15, 2020.
Fortress Transportation and Infrastructure Investors (NYSE: FTAI) has announced that CEO Joe Adams will present at the Jefferies Virtual Industrials Conference on August 6, 2020, at 8:00 AM ET. Investors can access presentation materials in the Investor Relations section of the company’s website. FTAI focuses on acquiring high-quality infrastructure and equipment that are vital for global transportation, aiming for strong cash flows, earnings growth, and asset appreciation. The company is managed by an affiliate of Fortress Investment Group.
Fortress Transportation and Infrastructure Investors LLC (FTAI) plans to announce its financial results for the second quarter of 2020 after the NYSE closes on July 30, 2020. The earnings release and supplement will be available on the company's website. A conference call to discuss the results is scheduled for July 31, 2020, at 8:00 A.M. ET, accessible via phone or webcast. FTAI focuses on acquiring high-quality infrastructure and equipment essential for global transportation, aiming for strong cash flows and potential growth.
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