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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 announced that CEO Joe Adams will present at Citi's 2021 Global Industrials Virtual Conference on February 18, 2021, at 2:40 PM ET. Investors can find presentation materials on the company's Investor Relations website, www.ftandi.com. FTAI focuses on acquiring high-quality infrastructure that supports global transportation, aiming for strong cash flows and potential earnings growth. The company is managed by an affiliate of Fortress Investment Group, a prominent global investment firm.
Repauno Port & Rail Terminal in Gibbstown, NJ has appointed Harry J. (Hank) Alexander as CEO. The terminal successfully loaded its first Liquified Petroleum Gas marine vessel using a new rail-to-ship loading system. With over 25 years of industry experience, Mr. Alexander previously held senior roles at Energy Transfer and Sunoco Logistics. Chairman Joe Adams expressed confidence in Alexander's leadership for the terminal’s strategic growth. The facility is designed for versatile freight handling and is strategically located near major highways.
Fortress Transportation and Infrastructure Investors (NYSE:FTAI) announced that CEO Joe Adams will present virtually at the Barclays Industrial Select Conference on February 16, 2021, at 4:10 PM ET. Investors can access presentation materials on the Company’s website, www.ftandi.com.
FTAI focuses on acquiring high-quality infrastructure and equipment necessary for global transportation, targeting stable cash flow and potential earnings growth. The company is managed by an affiliate of Fortress Investment Group, a prominent global investment firm.
Fortress Transportation and Infrastructure Investors (FTAI) announced the early settlement of its cash tender offer to buy up to $300 million of its 6.75% senior notes due 2022. As of December 22, 2020, validly tendered notes totaled $613.4 million, resulting in a proration factor of 48.94%. Holders of accepted notes will receive $1,016.00 per $1,000 principal, including an early tender payment. The overall tender offer will expire on January 7, 2021, and any notes not accepted will remain outstanding until repaid.
On December 22, 2020, Fortress Transportation and Infrastructure Investors (FTAI) announced early results for its cash tender offer to purchase up to $300 million of its 6.75% senior notes due 2022. By the 5:00 p.m. deadline, $613.4 million in notes had been tendered, exceeding the maximum amount. As a result, all validly tendered notes will undergo proration. Those accepted will receive a total consideration of $1,016.00 per $1,000 principal amount plus accrued interest. The tender offer will expire on January 7, 2021.
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.