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.
Rise Light & Power and Delaware River Partners announced a partnership to establish New Jersey's first offshore wind cable manufacturing facility at Repauno Port & Rail Terminal. Pending approval of the Outerbridge Renewable Connector project, the shovel-ready site is expected to create approximately 500 construction jobs and over 100 full-time jobs once operational. This initiative positions New Jersey as a key player in the offshore wind supply chain, as the demand for submarine cables is projected to rise significantly.
Fortress Transportation and Infrastructure Investors (NYSE: FTAI) announced its transfer to the Nasdaq Global Select Market, effective April 26, 2022. This strategic move, aimed at enhancing shareholder value, will keep the ticker symbol 'FTAI' intact. Alongside the common shares, preferred shares will also transition to Nasdaq with respective symbols FTAIP, FTAIO, and FTAIN. Chairman Joe Adams highlighted the positive impact of Nasdaq's market maker model and investor targeting solutions on liquidity and value creation.
Fortress Transportation and Infrastructure Investors plans to release its financial results for Q1 2022 on April 28, 2022, post market closure. The earnings release and supplement will be available on the company’s website. A conference call is scheduled for April 29, 2022, at 8:00 A.M. ET, accessible by phone and online, to discuss the results. The call will have a replay available until May 6, 2022. Fortress focuses on acquiring high-quality infrastructure assets that generate stable cash flows with potential growth.
Fortress Transportation and Infrastructure Investors announced that its 2021 Schedule K-1 tax packages are now available online for shareholders. They can access these packages through the company's website or via the tax package support website. The mailing of these tax packages is set to begin before March 31, 2022. FTAI focuses on acquiring infrastructure and equipment that generate stable cash flows and potential growth. The firm is managed by an affiliate of Fortress Investment Group.
Fortress Transportation and Infrastructure Investors reported its financial results for Q4 and full year 2021. The company recorded a net loss attributable to shareholders of $19,047 thousand, resulting in a basic and diluted loss per share of $0.19. Funds Available for Distribution (FAD) totaled $120,087 thousand, driven mainly by the aviation leasing portfolio. The Board declared a cash dividend of $0.33 per common share for Q4 2021, payable on March 23, 2022. Additional preferred share dividends were also announced, indicating continued shareholder returns.
Fortress Transportation and Infrastructure Investors (NYSE:FTAI) announced that CEO Joe Adams will present at the J.P. Morgan Industrials Conference on March 17, 2022, at 1:20 PM ET in New York City.
Investors can access presentation materials on the Company’s website at www.ftandi.com. FTAI focuses on acquiring top-tier infrastructure and equipment vital for global transportation, aiming for strong cash flows and asset appreciation.
Fortress Transportation and Infrastructure Investors (NYSE:FTAI) has announced that CEO Joe Adams will speak at the J.P. Morgan Global High Yield & Leveraged Finance Conference on March 1, 2022, at 3:30 PM ET, located at the Loews Miami Beach Hotel. Investors can view the presentation materials on the company's Investor Relations website, www.ftandi.com.
FTAI focuses on acquiring high-quality infrastructure and equipment crucial for global transportation, aiming for strong cash flows and potential earnings growth.
WestJet awarded its CFM56-7B engine maintenance program to Lufthansa Technik, supported by FTAI Aviation. This seven-year collaboration, effective January 2023, enhances maintenance capabilities, including engine overhauls and on-site support. Key aspects include module replacement to optimize engine life and promote sustainability. Lufthansa Technik aims to deliver high reliability and performance for WestJet. FTAI's partnership is expected to set a new standard for cost-effective maintenance solutions in the aviation sector.
Fortress Transportation and Infrastructure Investors (NYSE:FTAI) will announce its financial results for Q4 and FY 2021 on February 24, 2022, post-market close. A conference call will be held on February 25 at 8 A.M. ET, accessible via phone or a public webcast. The company is focused on owning and acquiring essential infrastructure and equipment for global transportation, aiming for stable cash flows and potential earnings growth. The full earnings release and supplementary information will be available on their website.
Fortress Transportation and Infrastructure Investors (NYSE:FTAI) announced that CEO Joe Adams will present at the Barclays Industrial Select Conference on February 23, 2022, at 8:35 AM (ET) at the Loews Miami Beach Hotel. The presentation materials will be available on the Company’s Investor Relations website, www.ftandi.com. FTAI focuses on acquiring and managing high-quality infrastructure and equipment globally, aiming for strong cash flows, earnings growth, and asset appreciation.
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