Welcome to our dedicated page for FTAI Aviation news (Ticker: FTAI), a resource for investors and traders seeking the latest updates and insights on FTAI Aviation stock.
FTAI Aviation Ltd. reports developments in aircraft engine maintenance, aftermarket products and aviation leasing. The company owns and maintains CFM56 and V2500 engines used on widely operated commercial aircraft and offers Maintenance, Repair and Exchange products for airlines and asset owners. News releases also cover the Aerospace Products and Aviation Leasing segments, aircraft and engine acquisitions, CFM International materials agreements, credit facilities, dividends and executive appointments.
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.
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.