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 Ltd. (NASDAQ: FTAI) has priced its public offering of 2,600,000 Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares at $25.00 per share, aiming for gross proceeds of approximately $65 million. The offering, set to close on March 15, 2023, includes an option for underwriters to purchase an additional 390,000 shares. Funds raised will be utilized for general corporate purposes. The company has filed with the SEC and intends to list the shares on the Nasdaq Global Select Market under the symbol 'FTAIM.'
FTAI Aviation Ltd. (NASDAQ:FTAI) announced plans to offer Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares, with a liquidation preference of $25.00 each. The shares will be listed under the symbol 'FTAIM' on the Nasdaq Global Select Market. The company aims to use the proceeds from this offering for general corporate purposes. Underwriters, including Morgan Stanley and J.P. Morgan, will have a 30-day option to purchase an additional 15% of shares to cover over-allotments. This offering follows the effective shelf registration statement filed with the SEC on February 27, 2023.
FTAI Aviation Ltd. (NASDAQ: FTAI) reported a net income attributable to shareholders of $20,010 in Q4 2022, translating to earnings of $0.20 per share. The Board declared a quarterly dividend of $0.30 per share, payable on March 22, 2023. The Company purchased assets totaling $298 million, which included 16 aircraft and 19 engines. Additionally, $123 million in net proceeds was generated from the sale of non-core aviation assets. CEO Joe Adams noted challenges in the airline industry, citing rising maintenance costs and delays in new aircraft deliveries.
FTAI Aviation Ltd. (NASDAQ: FTAI) is set to announce its fourth quarter and full year 2022 financial results on February 23, 2023, after market close. The details will be available on the company's website. Furthermore, a conference call is scheduled for February 24, 2023, at 8:00 A.M. ET, where management will discuss the results. Interested parties must register online to participate. A replay of the call will be accessible from February 24 through March 3, 2023. FTAI specializes in maintaining commercial jet engines, particularly the CFM56 engines, and focuses on generating strong cash flows and growth through its aviation assets.
On February 1, 2023, FTAI Aviation Ltd. (NASDAQ: FTAI) announced that CEO Joe Adams will present at the Stifel 2023 Transportation & Logistics Conference on February 7, 2023, at 2:25 PM ET. The event will take place at The Ritz-Carlton in Amelia Island, Florida, and interested parties can access the live webcast on the company’s investor relations page. FTAI specializes in owning and maintaining commercial jet engines, particularly CFM56, and offers innovative products and services aimed at optimizing aviation asset management for airlines and lessors.
FTAI Aviation Ltd. (NASDAQ: FTAI) has successfully acquired substantially all assets of iAero Thrust, the sole hospital maintenance facility in the Americas dedicated to the CFM56 engine. The newly branded QuickTurn Engine Center in Miami aims to deliver superior turnaround times for light shop visits and is projected to handle 150 shop visits and 300 engine tests annually. This acquisition enhances FTAI's portfolio and complements its existing maintenance operations with Lockheed Martin, positioning the company to meet growing demand for efficient engine maintenance alternatives.
FTAI Aviation Ltd. (NASDAQ: FTAI) announced a significant increase in its revolving credit facility, raising commitments to $300,000,000 by securing an additional $75,000,000 from Citizens Bank. The proceeds will primarily support working capital and general corporate purposes. FTAI is focused on maintaining commercial jet engines, notably CFM56 engines, and invests in aviation assets that promise strong cash flows and potential earnings growth.
On November 11, 2022, FTAI Aviation Ltd. (NASDAQ: FTAI) announced the successful closing of its merger with Fortress Transportation and Infrastructure Investors LLC and FTAI Aviation Merger Sub LLC. This merger allows shareholders of Fortress to automatically exchange their shares for FTAI shares, establishing Fortress as a subsidiary of FTAI. Post-merger, shareholders will be relieved from Schedule K-1 tax reporting requirements, with a final K-1 issued in 2023. FTAI focuses on providing aviation asset solutions, especially in commercial jet engines.
On November 9, 2022, Fortress Transportation and Infrastructure Investors (NASDAQ: FTAI) announced that its shareholders approved the merger with FTAI Finance Holdco Ltd., to be renamed FTAI Aviation Ltd. The merger allows FTAI's common shares to be automatically exchanged for FTAI Aviation shares, with no action required from shareholders. The closing is expected on November 10, 2022. FTAI's focus remains on commercial jet engines, aiming to deliver cost savings and stability in cash flows while facilitating future growth in the aviation sector.
Fortress Transportation and Infrastructure Investors (NASDAQ:FTAI) will present at the Stephens Annual Investment Conference on November 15, 2022, at 8:00 AM CT in Nashville, Tennessee. CEO Joe Adams and Head of Investor Relations Alan Andreini will represent the Company. FTAI specializes in maintaining commercial jet engines, particularly CFM56 engines, and offers aviation assets that yield strong cash flows and growth potential. The Company also focuses on cost-effective solutions for customers in the aviation sector.
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