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.
Fortress Transportation and Infrastructure Investors (NASDAQ:FTAI) has made its 2021 Schedule K-3 available online for shareholders. This document is crucial for shareholders, particularly foreign ones, and those calculating foreign tax credits, as it provides necessary details for international tax reporting. Shareholders can access the Schedule K-3 at www.taxpackagesupport.com/FTAI or through FTAI's Investor Center website. For further assistance, unitholders may contact Tax Package Support.
Fortress Transportation and Infrastructure Investors (NASDAQ: FTAI) announced a definitive merger agreement with a subsidiary of FTAI Finance Holdco Ltd., transforming FTAI into a wholly-owned subsidiary called FTAI Aviation. This move aims to eliminate FTAI's partnership tax classification, allowing shareholders to receive ordinary shares of FTAI Aviation instead of Form K-1s. The merger will provide shareholders with cumulative perpetual redeemable preferred shares. The completion is contingent upon shareholder approval and regulatory filings with the SEC.
On August 1, 2022, Fortress Transportation and Infrastructure Investors announced the successful spin-off of FTAI Infrastructure Inc. This newly formed entity will begin trading on Nasdaq under the ticker symbol 'FIP' from August 2, 2022. Shareholders of FTAI common shares as of July 21, 2022, are set to receive one share of FTAI Infrastructure for each share of FTAI owned. This spin-off is part of FTAI’s strategy to enhance value by focusing on high-quality infrastructure and equipment essential for global transportation.
FTAI Infrastructure Inc. successfully completed its spin-off from Fortress Transportation and Infrastructure Investors on August 1, 2022. Trading will commence on August 2, 2022, under the ticker symbol 'FIP.' Shareholders as of July 21, 2022, will receive one share of FTAI Infrastructure for each FTAI share held. The company focuses on acquiring and developing critical infrastructure in transportation and energy sectors, aiming for strong cash flows and growth potential. It is managed by an affiliate of Fortress Investment Group.
Fortress Transportation and Infrastructure Investors LLC (NASDAQ:FTAI) reported its Q2 2022 financial results, showcasing a net income of $11.4 million, translating to $0.12 per common share. The company declared a cash dividend of $0.33 per share for the quarter, payable on August 29, 2022. Adjusted EBITDA reached $165.3 million, up 220% from Q1 2022 and 143% from Q2 2021. The upcoming spin-off of FTAI Infrastructure is set for August 1, 2022, marking a strategic move for the company. Additionally, significant cash flow was generated from the aviation leasing portfolio, amounting to $161.6 million.
Newlight Technologies and CNX Resources have entered a 15-year agreement to capture methane emissions for producing Aircarbon, a carbon-negative alternative to plastic. This partnership aims to gather waste methane from industrial activities, significantly reducing carbon emissions and plastic waste.
It is expected to enhance manufacturing capabilities in the Appalachian region while promoting economic growth, capital investment, and job creation. Newlight's Ohio facility will utilize methane from this agreement to advance sustainability and decarbonization efforts.
Newlight Technologies and Long Ridge Energy Terminal have signed agreements to construct the Aircarbon-Ohio facility in Ohio, aimed at producing Aircarbon, a carbon-negative biomaterial that can replace plastic. Long Ridge will lease land and supply power for the project, with Fortress Transportation (FTAI) investing up to $75 million for a 25% stake. The facility will utilize methane captured from local industrial activities to support production. This initiative seeks to tackle plastic pollution and create jobs, establishing a significant carbon capture hub.
Fortress Transportation and Infrastructure Investors (NASDAQ:FTAI) will announce its second-quarter financial results on July 27, 2022, after Nasdaq closes. Investors can find the press release and earnings supplement on the Company's website. A conference call is scheduled for July 28, 2022, at 8:00 A.M. Eastern Time, accessible by dialing (646) 307-1963. A public webcast will also be available. A replay of the call can be accessed from July 29 through August 5, 2022. Fortress focuses on acquiring infrastructure assets that generate stable cash flows and potential earnings growth.
Fortress Transportation and Infrastructure Investors (FTAI) announced a spin-off of its infrastructure business, forming FTAI Infrastructure Inc. The spin-off will occur as a distribution of shares to FTAI shareholders on August 1, 2022, with a record date of July 21, 2022. Trading of FTAI Infrastructure is set to begin on a when-issued basis on July 20, 2022, under the ticker symbol 'FIPWV'. Shareholders do not need to take action to receive shares, which will be credited to their accounts. A registration statement has been filed with the SEC, pending effectiveness.
Fortress Transportation and Infrastructure Investors (NASDAQ: FTAI) reported its Q1 2022 financial results, indicating a net loss of $228.98 million and a loss per share of $2.30. However, the company generated $1.92 million in operating cash flow and $71.39 million in Funds Available for Distribution (FAD). A cash dividend of $0.33 per common share was declared, payable on May 24, 2022. The company's board approved the spin-off of its subsidiary, FTAI Infrastructure, with completion expected within 4 to 8 weeks. Significant impairment losses of $195 million due to the Russia/Ukraine war are anticipated to be covered by insurance proceeds.
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