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.
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.
On February 1, 2023, FTAI Aviation Ltd. (NASDAQ: FTAI) announced that CEO Joe Adams will present at the Stifel 2023 Transportation & Logistics Conference on February 7, 2023, at 2:25 PM ET. The event will take place at The Ritz-Carlton in Amelia Island, Florida, and interested parties can access the live webcast on the company’s investor relations page. FTAI specializes in owning and maintaining commercial jet engines, particularly CFM56, and offers innovative products and services aimed at optimizing aviation asset management for airlines and lessors.
FTAI Aviation Ltd. (NASDAQ: FTAI) has successfully acquired substantially all assets of iAero Thrust, the sole hospital maintenance facility in the Americas dedicated to the CFM56 engine. The newly branded QuickTurn Engine Center in Miami aims to deliver superior turnaround times for light shop visits and is projected to handle 150 shop visits and 300 engine tests annually. This acquisition enhances FTAI's portfolio and complements its existing maintenance operations with Lockheed Martin, positioning the company to meet growing demand for efficient engine maintenance alternatives.
FTAI Aviation Ltd. (NASDAQ: FTAI) announced a significant increase in its revolving credit facility, raising commitments to $300,000,000 by securing an additional $75,000,000 from Citizens Bank. The proceeds will primarily support working capital and general corporate purposes. FTAI is focused on maintaining commercial jet engines, notably CFM56 engines, and invests in aviation assets that promise strong cash flows and potential earnings growth.