FTAI Aviation Ltd Stock Price, News & Analysis

FTAI Aviation Ltd. (NASDAQ: FTAI) reported its financial results for Q1 2023, showcasing a net income attributable to shareholders of $22,606 thousand, resulting in basic and diluted earnings per share of $0.23 and $0.22, respectively. This reflects a 13.0% growth in net income compared to Q4 2022. The company achieved $127,656 thousand in adjusted EBITDA and generated $195.1 million in positive free cash flow, supporting asset acquisition and investment activities. The Board declared a $0.30 cash dividend per ordinary share, payable on May 23, 2023, along with dividends for preferred shares, enhancing returns for investors. The conference call for further insights will be held on April 27, 2023.

FTAI Aviation Ltd. (NASDAQ: FTAI) will announce its financial results for the first quarter on April 26, 2023, after Nasdaq closes. An earnings supplement will be available on the Company's website.

A conference call is scheduled for April 27, 2023, at 8:00 A.M. Eastern Time, which can be accessed by registering here. A webcast will be available on a listen-only basis at the same time.

A replay of the conference call will be accessible from 11:30 A.M. on April 27 through May 4, 2023. FTAI specializes in maintaining and leasing commercial jet engines and aims to generate strong cash flows and potential earnings growth.

FTAI Aviation Ltd. (NASDAQ: FTAI) has been designated as a Passive Foreign Investment Company (PFIC) for the period from November 10, 2022, to December 31, 2022. U.S. Holders may need to file Form 8621 and should consider making a Qualified Electing Fund (QEF) election. FTAI will provide a 2022 PFIC Annual Information Statement on its website. Following the merger with Fortress Transportation and Infrastructure Investors LLC on November 10, 2022, shares acquired post-merger will not require Schedule K-1 reporting, while pre-merger shares will. Schedule K-1 tax packages will be mailed by March 31, 2023.

FTAI Aviation Ltd. (NASDAQ:FTAI) announced that CEO Joe Adams will present at the J.P. Morgan Industrials Conference on March 16, 2023, at 12:30 PM ET in New York. This presentation can be accessed via a live webcast at their investor relations page. FTAI specializes in owning and maintaining commercial jet engines, particularly CFM56 engines, and offers a range of products that provide cost savings and flexibility for airlines and lessors. The company is committed to investing in aviation assets that yield strong cash flows and potential earnings growth.

FTAI Aviation Ltd. (NASDAQ: FTAI) has priced its public offering of 2,600,000 Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares at $25.00 per share, aiming for gross proceeds of approximately $65 million. The offering, set to close on March 15, 2023, includes an option for underwriters to purchase an additional 390,000 shares. Funds raised will be utilized for general corporate purposes. The company has filed with the SEC and intends to list the shares on the Nasdaq Global Select Market under the symbol 'FTAIM.'

FTAI Aviation Ltd. (NASDAQ:FTAI) announced plans to offer Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares, with a liquidation preference of $25.00 each. The shares will be listed under the symbol 'FTAIM' on the Nasdaq Global Select Market. The company aims to use the proceeds from this offering for general corporate purposes. Underwriters, including Morgan Stanley and J.P. Morgan, will have a 30-day option to purchase an additional 15% of shares to cover over-allotments. This offering follows the effective shelf registration statement filed with the SEC on February 27, 2023.

FTAI Aviation Ltd. (NASDAQ: FTAI) reported a net income attributable to shareholders of $20,010 in Q4 2022, translating to earnings of $0.20 per share. The Board declared a quarterly dividend of $0.30 per share, payable on March 22, 2023. The Company purchased assets totaling $298 million, which included 16 aircraft and 19 engines. Additionally, $123 million in net proceeds was generated from the sale of non-core aviation assets. CEO Joe Adams noted challenges in the airline industry, citing rising maintenance costs and delays in new aircraft deliveries.

FTAI Aviation Ltd. (NASDAQ: FTAI) is set to announce its fourth quarter and full year 2022 financial results on February 23, 2023, after market close. The details will be available on the company's website. Furthermore, a conference call is scheduled for February 24, 2023, at 8:00 A.M. ET, where management will discuss the results. Interested parties must register online to participate. A replay of the call will be accessible from February 24 through March 3, 2023. FTAI specializes in maintaining commercial jet engines, particularly the CFM56 engines, and focuses on generating strong cash flows and growth through its aviation assets.