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.
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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.