Articles from FTAI Aviation Ltd.

Initiative will Focus on Acquiring On-Lease 737NG and A320ceo Aircraft in Collaboration with Third-Party Institutional Investors

NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (Nasdaq: FTAI) announces the sale of its remaining offshore energy vessels, the Pioneer and the Pride, for approximately $143 million. FTAI is continuing to focus on its core business of providing power for the aftermarket of the two largest commercial engine programs, the CFM56 and the V2500.

NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) (the “Company” or “FTAI”) today reported financial results for the third quarter 2024. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.

NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI; the "Company" or “FTAI”) plans to announce its financial results for the third quarter 2024 after the closing of Nasdaq on Wednesday, October 30, 2024. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.ftaiaviation.com/.

NEW YORK, Sept. 30, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI; “FTAI Aviation” or the “Company”) announced today that it will redeem all of the Company’s outstanding 4,180,000 8.25% Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares (the “Series A Shares”) at a redemption price equal to $25.00 per Series A Share in cash, plus approximately $1,579,811 of accumulated and unpaid distributions thereon to, but not including, the redemption date of October 30, 2024 (the “Redemption”). The Series A Shares trade under the ticker symbol “FTAIP.”

NEW YORK and MONTRÉAL, Sept. 09, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) announces the successful completion of its acquisition of Lockheed Martin Commercial Engine Solutions (“LMCES”), a 526,000-square-foot aircraft engine maintenance repair facility located in Montréal, Québec, from Lockheed Martin Canada. The completion of the acquisition strengthens FTAI Aviation’s Maintenance, Repair, and Exchange (MRE) business with the ability to provide additional maintenance services to airline customers.

NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) (the “Company”) today announced that Joe Adams, Chief Executive Officer, will present at the Jefferies Industrials Conference at 9:50AM (ET) on Thursday, September 5, 2023 in New York, New York.

NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) (the “Company” or “FTAI”) today reported financial results for the second quarter 2024. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.

NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI; the "Company" or “FTAI”) plans to announce its financial results for the second quarter 2024 after the closing of Nasdaq on Tuesday, July 23, 2024. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.ftaiaviation.com/.

NEW YORK, June 19, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI), a Cayman Islands exempted company (the “Company” or “FTAI”) announced today the early tender results of the previously announced cash tender offer (the “Tender Offer”) to purchase for cash up to $300,000,000 aggregate principal amount (the “Tender Cap”) of Fortress Transportation and Infrastructure Investors LLC’s (“FTAI LLC”) outstanding 9.750% Senior Notes due 2027 (the “2027 Notes”), on the terms and conditions set forth in FTAI LLC’s Offer to Purchase, dated June 3, 2024, as amended on June 3, 2024 and June 17, 2024 (the “Offer to Purchase”). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI), a Cayman Islands exempted company (the “Company” or “FTAI”), announced today that it has amended its previously announced cash tender offer (the “Tender Offer”) to purchase up to $300,000,000 aggregate principal amount (the “Tender Cap”) of Fortress Transportation and Infrastructure Investors LLC’s (“FTAI LLC”) outstanding 9.750% Senior Notes due 2027 (the “2027 Notes”) by (i) extending the Early Tender Deadline to 5:00 p.m., New York City time, on June 18, 2024 (the “Extended Early Tender Deadline”) and (ii) extending the Expiration Time to 5:00 p.m., New York City time, on July 5, 2024. The terms of the Tender Offer otherwise remain unchanged, and the Tender Offer is being made on the terms and conditions set forth in FTAI LLC’s Offer to Purchase, dated June 3, 2024, as amended on June 3, 2024 and hereby (the “Offer to Purchase”). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

One of IAE’s largest engine maintenance agreements by number of engines with a non-airline customer

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI), a Cayman Islands exempted company (the “Company” or “FTAI”) previously announced the commencement of a tender offer (the “Tender Offer”) by Fortress Transportation and Infrastructure Investors LLC (“FTAI LLC”), a wholly owned subsidiary of the Company, to purchase for cash up to $100,000,000 aggregate principal amount of its outstanding 9.750% Senior Notes due 2027 (the “2027 Notes”) on the terms and conditions described in FTAI LLC’s Offer to Purchase, dated June 3, 2024, as amended by the terms set forth herein (the “Offer to Purchase”). FTAI LLC hereby amends the Tender Offer to purchase for cash up to $300,000,000 in aggregate principal amount of the 2027 Notes. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI), a Cayman Islands exempted company (the “Company” or “FTAI”) is announcing today that Fortress Transportation and Infrastructure Investors LLC (“FTAI LLC”), a wholly owned subsidiary of the Company, has commenced an offer (the “Tender Offer”) to purchase for cash up to $100,000,000 aggregate principal amount of its outstanding 9.750% Senior Notes due 2027 (the “2027 Notes”) on the terms and conditions described in FTAI LLC’s Offer to Purchase, dated June 3, 2024 (the “Offer to Purchase”). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

NEW YORK and MONTRÉAL, May 30, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) announces entry into an agreement to purchase Lockheed Martin Commercial Engine Solutions (“LMCES”) from Lockheed Martin Canada for a purchase price of $170 million. The acquisition is subject to customary regulatory approvals and is anticipated to close in the second half of 2024.

NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI; “FTAI Aviation” or the “Company”) announced today the commencement of a public offering of 2,090,561 ordinary shares being offered by FIG LLC and an employee of FIG LLC (the “Selling Shareholders”). The underwriter may offer the shares from time to time for sale in one or more transactions on the Nasdaq Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices relating to prevailing market prices or at negotiated prices. The Company will not receive any proceeds from the sale of the shares by the Selling Shareholders.

NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) (“FTAI” or the “Company") announced today it has entered into definitive agreements providing for the internalization of the Company’s management operations.

NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) (the “Company” or “FTAI”) today reported financial results for the first quarter 2024. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.

NEW YORK and SANTIAGO, Chile, April 25, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) announces the successful execution of a Perpetual Power Agreement with LATAM Airlines Group S.A. (LATAM).

NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI), a Cayman Islands exempted company (the “Company” or “FTAI”) is announcing today the expiration and results of Fortress Transportation and Infrastructure Investors LLC’s (“FTAI LLC”), a wholly owned subsidiary of the Company, offer to purchase for cash (the “Tender Offer”) any and all of the $650.0 million outstanding principal amount of its 6.50% Senior Notes due 2025 (the “2025 Senior Notes”) on the terms and conditions described in FTAI LLC’s Offer to Purchase, dated April 2, 2024 (the “Offer to Purchase”). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

NEW YORK, April 02, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI), a Cayman Islands exempted company (the “Company” or “FTAI”) is announcing today that Fortress Transportation and Infrastructure Investors LLC (“FTAI LLC”), a wholly owned subsidiary of the Company, has commenced an offer (the “Tender Offer”) to purchase for cash any and all of the $650.0 million outstanding principal amount of its 6.50% Senior Notes due 2025 (the “2025 Senior Notes”) on the terms and conditions described in FTAI LLC’s Offer to Purchase, dated April 2, 2024 (the “Offer to Purchase”). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

NEW YORK, March 22, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI; the "Company" or “FTAI”) plans to announce its financial results for the first quarter 2024 after the closing of Nasdaq on Thursday, April 25, 2024. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.ftaiaviation.com/.

NEW YORK, Feb. 22, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) (the “Company” or “FTAI”) today reported financial results for the fourth quarter and full year 2023. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.

NEW YORK, Jan. 30, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI; the "Company" or “FTAI”) plans to announce its financial results for the fourth quarter and full year 2023 after the closing of Nasdaq on Thursday, February 22, 2024. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.ftaiaviation.com/.

NEW YORK and MIAMI, Dec. 01, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) announced its full ownership stake in QuickTurn Engine Center (“QuickTurn”) following its acquisition of Unical Aviation Inc.’s 50% interest.

NEW YORK, Oct. 25, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) (the “Company” or “FTAI”) today reported financial results for the third quarter 2023. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.

NEW YORK, Oct. 04, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI; the "Company" or “FTAI”) plans to announce its financial results for the third quarter 2023 after the closing of Nasdaq on Wednesday, October 25, 2023. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.ftaiaviation.com/.

NEW YORK, July 26, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) (the “Company” or “FTAI”) today reported financial results for the second quarter 2023. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.

NEW YORK, July 07, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI; the "Company" or “FTAI”) plans to announce its financial results for the second quarter after the closing of Nasdaq on Wednesday, July 26, 2023. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.ftaiaviation.com/.

NEW YORK, May 18, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) (the “Company”) today announced that Joe Adams, Chief Executive Officer, will present at the 16th Annual Wolfe Research Global Transportation & Industrials Conference at 10:55AM (ET) on Thursday, May 25, 2023 in New York, New York.

NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) (the “Company”) today announced that Joe Adams, Chief Executive Officer, will present at the Jefferies Airlines Summit at 12:00PM (ET) on Tuesday, May 16, 2023 in New York, New York.

NEW YORK, April 28, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI; the "Company" or “FTAI Aviation”) announced today that the Company plans to host an Investor Day at Lockheed Martin's Commercial Engine Services (“LMCES”) facility in Montréal, Québec, on Wednesday, June 7, 2023, beginning at 10:00 A.M. Eastern Time. LMCES upholds Lockheed Martin's celebrated aviation legacy in the engine Modification, Repair, and Overhaul (MRO) sector and houses The Module Factory™ program. The state-of-the-art Montréal facility features two test cells with the capacity to accommodate up to 25 engines per month. Its capabilities encompass comprehensive engine MRO, testing, component repair, on-wing services, and customized engine builds for military and commercial operators of CF34-3, CF6-50, and CFM56 -2, -3, -5, and -7 engines.

NEW YORK, April 26, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) (the “Company” or “FTAI”) today reported financial results for the first quarter 2023. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.

NEW YORK, April 13, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI; the "Company" or “FTAI Aviation”) plans to announce its financial results for the first quarter after the closing of Nasdaq on Wednesday, April 26, 2023. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.ftaiaviation.com/.

NEW YORK, March 20, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (“NASDAQ: FTAI”) is considered a Passive Foreign Investment Company (“PFIC”) for the period beginning on November 10, 2022 and ending on December 31, 2022. If a U.S. Holder owns a PFIC, the U.S. Holder may be required to file a Form 8621. U.S. Holders should consider making a Qualified Electing Fund (“QEF”) election with respect to FTAI. FTAI will post a 2022 “PFIC Annual Information Statement” to its website at https://ir.ftaiaviation.com/tax-information. This information is necessary for U.S. Holders that wish to make a QEF election. Investors are urged to consult their tax advisors regarding implications of owning a PFIC.

NEW YORK, March 14, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) (the “Company”) today announced that Joe Adams, Chief Executive Officer, will present at the J.P. Morgan Industrials Conference at 12:30PM (ET) on Thursday, March 16, 2023 in New York, New York.

NEW YORK, March 08, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) (the "Company" or "FTAI") announced today that it has priced its previously announced registered underwritten public offering of 2,600,000 Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares, liquidation preference $25.00 per share (the "Preferred Shares"), at a public offering price of $25.00 per share for gross proceeds of approximately $65 million. The Company intends to apply to list the Preferred Shares on the Nasdaq Global Select Market under the symbol "FTAIM". The offering is expected to close on March 15, 2023, subject to customary closing conditions. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to 390,000 additional Preferred Shares to cover over-allotments, if any.

NEW YORK, March 08, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) (the "Company" or "FTAI") announced today its intention to offer Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares, liquidation preference $25.00 per share (the "Preferred Shares"), in a registered underwritten public offering. The Company intends to apply to list the Preferred Shares on the Nasdaq Global Select Market under the symbol "FTAIM". In connection with the offering, the Company expects to grant to the underwriters a 30-day option to purchase up to an additional 15% of the Preferred Shares being offered to cover over-allotments, if any.

NEW YORK, Feb. 23, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI) (the “Company” or “FTAI”) today reported financial results for the fourth quarter and full year 2022. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.

NEW YORK, Feb. 06, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI; the "Company" or “FTAI Aviation”) plans to announce its financial results for the fourth quarter and full year 2022 after the closing of Nasdaq on Thursday, February 23, 2023. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.ftaiaviation.com/.

PDF Version

NEW YORK and MIAMI, Jan. 04, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI), Unical Aviation Inc. (“Unical”) and iAero Thrust LLC (“iAero Thrust”) today announced that FTAI and Unical have completed the acquisition of substantially all of the assets of iAero Thrust, the only hospital maintenance and testing facility in the Americas dedicated to the CFM56 engine. The acquired assets and facilities are based in Miami and will be rebranded QuickTurn Engine Center (“QuickTurn”).

NEW YORK, Nov. 23, 2022 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI), a Cayman Islands exempted company (“FTAI” or the “Company”), announced today that a wholly owned subsidiary of the Company entered into an amendment to the Second Amended & Restated Credit Agreement dated as of September 20, 2022, which provides for an increase in the form of additional revolving commitments by Citizens Bank, National Association, in an aggregate principal amount of $75,000,000, which increases the commitments under the credit agreement available to the Company to $300,000,000. The proceeds of the revolving credit facility will be used for working capital and other general corporate purposes.

NEW YORK, Nov. 11, 2022 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQFTAI), a Cayman Islands exempted company (“FTAI” or the “Company”), announced today the closing of a previously announced merger transaction by and among FTAI, Fortress Transportation and Infrastructure Investors LLC and FTAI Aviation Merger Sub LLC. The execution of a definitive merger agreement outlining the terms of the transaction was initially announced on August 15, 2022. As a result of the merger, shares of Fortress Transportation and Infrastructure Investors LLC were exchanged automatically for shares of FTAI without any further action from the shareholders and Fortress Transportation and Infrastructure Investors LLC became a subsidiary of FTAI. The ordinary shares and preferred shares of the Company continue to trade on Nasdaq under the ticker symbols ‘‘FTAI,’’ ‘‘FTAIP,’’ ‘‘FTAIO’’ and ‘‘FTAIN,’’ respectively.   In connection with the merger, newly acquired FTAI shares will no longer be subject to Schedule K-1 reporting. Shareholders who held shares in 2022 prior to the merger will receive a final K-1 in 2023.