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.
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.
Fortress Transportation and Infrastructure Investors (NYSE: FTAI) has announced that CEO Joe Adams will present at the Jefferies Virtual Industrials Conference on August 6, 2020, at 8:00 AM ET. Investors can access presentation materials in the Investor Relations section of the company’s website. FTAI focuses on acquiring high-quality infrastructure and equipment that are vital for global transportation, aiming for strong cash flows, earnings growth, and asset appreciation. The company is managed by an affiliate of Fortress Investment Group.
Fortress Transportation and Infrastructure Investors LLC (FTAI) plans to announce its financial results for the second quarter of 2020 after the NYSE closes on July 30, 2020. The earnings release and supplement will be available on the company's website. A conference call to discuss the results is scheduled for July 31, 2020, at 8:00 A.M. ET, accessible via phone or webcast. FTAI focuses on acquiring high-quality infrastructure and equipment essential for global transportation, aiming for strong cash flows and potential growth.
Summary not available.