FTAI Aviation Ltd Stock Price, News & Analysis

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.

Fortress Transportation and Infrastructure Investors announced a public offering of 12 million common shares at $25.50 each, aiming for gross proceeds of approximately $306 million. The offering will close on September 14, 2021, pending customary conditions. The proceeds are intended to repay part of the senior unsecured bridge term loans used for the acquisition of Transtar, LLC. Barclays, Morgan Stanley, and Citigroup are the joint book-running managers for the offering. This release emphasizes the company's strategic focus on enhancing its financial position and long-term asset value.