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 (NYSE: FTAI) announced that its subsidiary, Jefferson Energy, has secured a contract with ExxonMobil to expand terminal services. This includes constructing 1.9 million barrels of new storage capacity and five pipelines connecting to the Beaumont refinery, increasing total storage to 6.2 million barrels. The project aims to enhance logistics capabilities and strengthen the relationship between the two companies. Jefferson Energy has been operational since 2012 and currently offers over 4.3 million barrels of storage.
Fortress Transportation and Infrastructure Investors (NYSE:FTAI) announced that CEO Joe Adams will present at the Jefferies Virtual Industrials Conference on August 4, 2021, at 2:30 PM ET. Investors can access the presentation materials in the Investor Relations section of FTAI's website at www.ftandi.com.
FTAI specializes in acquiring high-quality infrastructure and equipment necessary for global transportation, focusing on assets that generate strong cash flows and offer potential growth.
Fortress Transportation and Infrastructure Investors LLC (FTAI) will announce its second quarter 2021 financial results on July 28, 2021, after the NYSE closes. The press release and earnings supplement will be available on its website.
A conference call will follow on July 29, 2021, at 8:00 A.M. ET, accessible at (877) 447-5636 (US) or (615) 247-0080 (international). A webcast will also be available on the company's site. A replay of the call will be offered from July 29 to August 5.
Fortress Transportation and Infrastructure Investors (NYSE:FTAI) announced the acquisition of Transtar, LLC, a rail subsidiary of United States Steel Corporation (USS), for $640 million. The transaction, set to close in Q3 2021, includes a 15-year strategic rail partnership with USS, enhancing FTAI's rail business through essential services. This acquisition is expected to improve profitability via operational optimization and additional revenue streams from ancillary services. Regulatory approvals are pending, emphasizing the strategic importance of this deal in boosting FTAI's operational effectiveness.
Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) has announced the completion of the Paline pipeline interconnection project, enhancing connections to the Jefferson Energy terminal in Beaumont, Texas. The project features a new five-mile, 10-inch pipeline facilitating efficient light crude oil movement from Cushing, Oklahoma. This interconnection increases crude oil accessibility for customers, leveraging Jefferson Energy's existing infrastructure, including 4.3 million barrels of storage and multiple transport options. The initiative aligns with FTAI's commitment to increasing logistical capabilities and customer service.
Fortress Transportation and Infrastructure Investors (NYSE:FTAI) has announced that CEO Joe Adams will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, at 11:20 AM ET. Investors can access the presentation materials via the Investor Relations section of the company's website, www.ftandi.com. FTAI specializes in owning and acquiring essential infrastructure and equipment for global transportation, targeting assets that promise strong cash flows and growth potential.
Fortress Transportation and Infrastructure Investors (FTAI) reported its Q1 2021 financial results, showing a net cash used in operating activities of $(48,932) thousand and a net loss attributable to shareholders of $(34,540) thousand, equating to a basic and diluted loss per share of $(0.40). However, the company declared a cash dividend of $0.33 per common share for the quarter, payable on May 25, 2021. Funds Available for Distribution (FAD) reached $14,407 thousand, driven primarily by $60.6 million from the aviation leasing portfolio.
Fortress Transportation and Infrastructure Investors (NYSE:FTAI) announced that CEO Joe Adams will present at the Wolfe Global Transportation & Industrials Conference on May 27, 2021, at 10:50 AM ET. Investors can access presentation materials through the Company's Investor Relations webpage. FTAI specializes in acquiring infrastructure and equipment essential for global transportation, focusing on assets that provide stable cash flows and growth potential. The company is managed by an affiliate of Fortress Investment Group, a leading investment firm.
Fortress Transportation and Infrastructure Investors (NYSE:FTAI) has successfully completed the Southern Star pipeline project, connecting the Jefferson Energy terminal to the Motiva Port Neches terminal in Texas. This 24-inch crude oil pipeline has a throughput capacity of up to 288,000 barrels per day, allowing for efficient oil movements from various North American production basins. Jefferson Energy, which operates the terminal, continues to enhance its logistics capabilities, contributing to the overall growth strategy.
Fortress Transportation and Infrastructure Investors (NYSE:FTAI) plans to announce its financial results for Q1 2021 after market close on April 29, 2021. The earnings release will be available on the Company’s website. A conference call is scheduled for April 30, 2021, at 8:00 A.M. ET, accessible via phone or a public webcast. A replay of the call will be available shortly after the event until May 7, 2021. FTAI focuses on high-quality infrastructure and equipment, aiming for strong cash flow and potential earnings growth.