FTAI Aviation Ltd Stock Price, News & Analysis

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) has initiated a cash tender offer to purchase up to $300 million of its 6.75% senior notes due 2022. The outstanding principal amount of these notes is $700 million, with the offer set to expire at 11:59 p.m. on January 7, 2021. To receive the total consideration of $1,016.00 per $1,000 principal amount, holders must tender their notes by 5:00 p.m. on December 22, 2020. The offer is contingent on the company raising at least $300 million from debt securities and meeting other specified conditions.

On December 3, 2020, Fortress Transportation and Infrastructure Investors (NYSE: FTAI) announced a seven-year partnership with AAR CORP (NYSE: AIR) to create Serviceable Engine Products, focusing on CFM56 used serviceable material (USM). The collaboration aims to enhance USM inventory for the global aviation aftermarket, utilizing FTAI's CFM56 engine pool of over 200 engines. AAR will oversee teardown, repair, and sales of spare parts while positioning both companies to meet rising USM demand. This partnership is expected to deliver cost-effective solutions to airline customers.

Fortress Transportation and Infrastructure Investors (FTAI) will be presenting at the Stephens Annual Investment Conference on November 18, 2020, at 10:00 AM ET. CEO Joe Adams will lead the presentation, and interested investors can access the materials on FTAI’s Investor Relations website, www.ftandi.com. FTAI focuses on acquiring high-quality infrastructure and equipment critical for global transportation, aiming for strong cash flows and asset appreciation. The company is managed by an affiliate of Fortress Investment Group, a global investment leader.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) reported its Q3 2020 financial results, noting a net loss attributable to shareholders of $25.958 million or $0.30 per share. The company used $16.259 million in operating activities, while Funds Available for Distribution (FAD) stood at $39.856 million. Notably, a dividend of $0.33 per share was declared, payable on November 30, 2020. The Board also approved dividends for Series A and B Preferred Shares, amounting to $0.51563 and $0.50000 respectively, payable on December 15, 2020.

Fortress Transportation and Infrastructure Investors (NYSE: FTAI) has partnered with Lockheed Martin (NYSE: LMT) to establish The Module Factory, a dedicated engine maintenance center in Montreal. This facility will specialize in the modular repair and refurbishment of CFM56-7B and CFM56-5B engines, with a capacity for up to 300 visits annually. FTAI currently owns around 150 CFM56 engines and plans to acquire an additional 70 by year-end. The collaboration spans seven years, aiming to reduce engine turnaround time and offer cost-effective solutions to airline customers.

Long Ridge Energy Terminal in Hannibal, Ohio, is set to transition its 485 MW combined-cycle power plant to operate on carbon-free hydrogen. Collaborating with New Fortress Energy and GE, the facility aims to blend hydrogen in its gas stream, with plans to achieve 100% green hydrogen capabilities within a decade. Expected commercial operations will commence in November 2021, making it the first of its kind globally. Long Ridge has secured resources for hydrogen production and storage, positioning itself as a leader in green hydrogen solutions and clean energy storage.

Fortress Transportation and Infrastructure Investors (NYSE: FTAI) will release its third quarter 2020 financial results on October 29, 2020, after market close. An earnings supplement will be available on their website. Management will host a conference call on October 30, 2020, at 8:00 A.M. ET, accessible via a toll-free number. A replay will be provided after the call, lasting until November 6, 2020. FTAI focuses on acquiring essential infrastructure and equipment for global transportation, aiming for stable cash flows, earnings growth, and asset appreciation.

GCM Grosvenor announced the final close of its Labor Impact Fund with $893 million in committed capital, achieved on September 7, 2020. The Fund aims to execute infrastructure projects utilizing union labor to optimize risk-adjusted returns. Key investments include $85 million for Bakersfield Renewable Fuels and $150 million in Long Ridge Energy Terminal, expected to generate over 1.4 million union work hours. The Fund benefits from GCM Grosvenor's $57 billion investment platform and focuses on responsible contractor practices to enhance labor and community outcomes.

Fortress Transportation and Infrastructure Investors (FTAI) reported a net loss of $15.7 million for Q2 2020, equating to $0.18 per share. Despite the loss, the company achieved net cash provided by operating activities of $56.5 million and funds available for distribution (FAD) of $47.3 million. The Board declared a cash dividend of $0.33 per share payable on August 31, 2020. Additionally, dividends for Series A and B Preferred Shares were announced at $0.51563 and $0.50000 respectively, payable on September 15, 2020.