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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
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.