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 (NYSE:FTAI) announced that CEO Joe Adams will present at Citi’s 2022 Global Industrial Tech and Mobility Conference on February 22, 2022, at 2:40 PM ET. The event will take place at the Ritz Carlton South Beach in Miami. Interested investors can access presentation materials on the company’s website, www.ftandi.com. FTAI focuses on acquiring infrastructure and equipment essential for global transportation, aiming for strong cash flows and growth potential.
Fortress Transportation and Infrastructure Investors (NYSE:FTAI) will be presenting at the Cowen 43rd Annual Aerospace/Defense & Industrials Conference. Joe Adams, CEO, is scheduled to speak virtually on February 9, 2022, at 12:40 PM ET. Interested investors can view presentation materials on the company's website, www.ftandi.com. FTAI focuses on owning and acquiring essential transportation infrastructure assets that generate stable cash flows, aiming for earnings growth and asset appreciation. The firm is externally managed by Fortress Investment Group, a diversified global investment firm.
FTAI Aviation has successfully closed the first nine of nineteen aircraft under a sale and leaseback agreement with Avianca. This transaction aims to lower Avianca's total cost of ownership as part of their new business model. The remaining aircraft are expected to close by February 2022. Both companies express confidence in their partnership, highlighting FTAI’s flexible leasing strategy.
Fortress Transportation and Infrastructure Investors (FTAI) has confidentially filed a Form 10 registration with the SEC for a potential spin-off of its infrastructure business. This move aims to enhance operational focus and capital allocation for both entities. If approved, shareholders will receive shares in both companies, with expectations to complete the transaction in the first half of 2022. However, the completion is subject to board approval and various conditions, with no assurance that the spin-off will proceed as planned.
Fortress Transportation and Infrastructure Investors (FTAI) has entered a joint venture with Clean Planet Energy to establish Clean Planet USA, focusing on ecoPlants that convert non-recyclable waste plastics into ultra-clean fuels and oils. The first facility is in development at FTAI's Repauno Port in New Jersey, aiming to process 20,000 tons of waste plastics annually. The partnership aims for an attractive economic return while contributing to clean energy transitions. Additional projects are planned across several states and markets in North America.
FTAI Aviation has completed the sale leaseback of 16 A320 family aircraft to ITA Airways, with average lease terms of 36 months. This transaction, involving Aircraft Purchase Company No. 12 Limited, will enable FTAI to manage CFM56 engine maintenance, enhancing operational efficiency for ITA Airways. Following the closure of remaining deals, FTAI anticipates owning 263 CFM56 engines. Both companies emphasize the strategic importance of this partnership for supporting ITA Airways' business plan and commitment to high standards in air transport.
Fortress Transportation and Infrastructure Investors (NYSE:FTAI) announced that CEO Joe Adams will present at the Stephens Annual Investment Conference on December 2, 2021, at 2:00 PM (CT) in Nashville, Tennessee. Investors can access the presentation materials on the company’s website, www.ftandi.com. FTAI focuses on acquiring high-quality infrastructure and equipment for global transportation, targeting assets that generate stable cash flows and potential for growth.
Fortress Transportation and Infrastructure Investors (FTAI) reported Q3 2021 results with a net loss of $38.9 million, equating to a loss of $0.44 per share. The company generated $43.2 million in cash from operating activities. Funds Available for Distribution (FAD) stood at $39.4 million, with $90.5 million from its aviation leasing portfolio. A dividend of $0.33 per share was declared, payable on November 29, 2021. Notably, Long Ridge Energy Generation has begun commercial operations, and FTAI Aviation executed significant leaseback transactions for A320 aircraft.
Fortress Transportation and Infrastructure Investors LLC (FTAI) is set to announce its third-quarter 2021 financial results on October 28, 2021, after market close. The earnings release and supplemental information will be available on the company's website. Management will hold a conference call on October 29, 2021, at 8:00 AM ET, accessible via phone and a live webcast. A replay of the call will be available from October 29 through November 5, 2021. FTAI focuses on acquiring infrastructure and equipment essential for global transportation, targeting strong cash flows and potential growth.
FTAI Aviation is the launch customer for Aeris Portal, a new cloud-based software from LeaseWorks that enhances customer interactions for lessors in the aviation industry. Announced during the ISTAT EMEA conference in Edinburgh, this platform enables real-time asset inventory searches and streamlined invoicing processes. David Moreno, COO of FTAI Aviation, emphasized the importance of providing customers with quick access to information. The portal aims to improve operational efficiency and support digital growth amidst ongoing challenges in the aviation sector.
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