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.
Fortress Transportation and Infrastructure Investors reported a net loss of $22.8 million for Q3 2022, translating to a basic and diluted loss per share of $0.23. Adjusted EBITDA stood at $108.9 million. The Board declared a cash dividend of $0.30 per common share, payable on November 28, 2022, alongside dividends for preferred shares. Business highlights include a robust demand for aircraft and engines, with $21 million in asset sales and plans to acquire $300 million in new assets. The aerospace sector's EBITDA rose to $19 million, reflecting a return to pre-COVID industry demand levels.
Fortress Transportation and Infrastructure Investors LLC (NASDAQ: FTAI) plans to release its third quarter 2022 financial results after market close on October 27, 2022. The earnings release and a supplemental report will be available on the company's website. A conference call is scheduled for October 28, 2022, at 8:00 A.M. ET, accessible via registration. A simultaneous webcast will also be provided. A replay of the conference call will be available from October 28 through November 4, 2022.
Fortress Transportation and Infrastructure Investors (NASDAQ: FTAI) announced a special shareholder meeting on November 9, 2022, to vote on a merger agreement with FTAI Finance Holdco Ltd., which will be renamed FTAI Aviation post-merger. Shareholders of record as of October 6, 2022, can participate. An amendment to the preliminary registration statement was filed with the SEC, detailing the merger and meeting procedures. FTAI focuses on high-quality aviation investments, aiming for stable cash flows and growth.
Fortress Transportation and Infrastructure Investors (NASDAQ:FTAI) has made its 2021 Schedule K-3 available online for shareholders. This document is crucial for shareholders, particularly foreign ones, and those calculating foreign tax credits, as it provides necessary details for international tax reporting. Shareholders can access the Schedule K-3 at www.taxpackagesupport.com/FTAI or through FTAI's Investor Center website. For further assistance, unitholders may contact Tax Package Support.
Fortress Transportation and Infrastructure Investors (NASDAQ: FTAI) announced a definitive merger agreement with a subsidiary of FTAI Finance Holdco Ltd., transforming FTAI into a wholly-owned subsidiary called FTAI Aviation. This move aims to eliminate FTAI's partnership tax classification, allowing shareholders to receive ordinary shares of FTAI Aviation instead of Form K-1s. The merger will provide shareholders with cumulative perpetual redeemable preferred shares. The completion is contingent upon shareholder approval and regulatory filings with the SEC.
On August 1, 2022, Fortress Transportation and Infrastructure Investors announced the successful spin-off of FTAI Infrastructure Inc. This newly formed entity will begin trading on Nasdaq under the ticker symbol 'FIP' from August 2, 2022. Shareholders of FTAI common shares as of July 21, 2022, are set to receive one share of FTAI Infrastructure for each share of FTAI owned. This spin-off is part of FTAI’s strategy to enhance value by focusing on high-quality infrastructure and equipment essential for global transportation.
FTAI Infrastructure Inc. successfully completed its spin-off from Fortress Transportation and Infrastructure Investors on August 1, 2022. Trading will commence on August 2, 2022, under the ticker symbol 'FIP.' Shareholders as of July 21, 2022, will receive one share of FTAI Infrastructure for each FTAI share held. The company focuses on acquiring and developing critical infrastructure in transportation and energy sectors, aiming for strong cash flows and growth potential. It is managed by an affiliate of Fortress Investment Group.
Fortress Transportation and Infrastructure Investors LLC (NASDAQ:FTAI) reported its Q2 2022 financial results, showcasing a net income of $11.4 million, translating to $0.12 per common share. The company declared a cash dividend of $0.33 per share for the quarter, payable on August 29, 2022. Adjusted EBITDA reached $165.3 million, up 220% from Q1 2022 and 143% from Q2 2021. The upcoming spin-off of FTAI Infrastructure is set for August 1, 2022, marking a strategic move for the company. Additionally, significant cash flow was generated from the aviation leasing portfolio, amounting to $161.6 million.
Newlight Technologies and CNX Resources have entered a 15-year agreement to capture methane emissions for producing Aircarbon, a carbon-negative alternative to plastic. This partnership aims to gather waste methane from industrial activities, significantly reducing carbon emissions and plastic waste.
It is expected to enhance manufacturing capabilities in the Appalachian region while promoting economic growth, capital investment, and job creation. Newlight's Ohio facility will utilize methane from this agreement to advance sustainability and decarbonization efforts.
Newlight Technologies and Long Ridge Energy Terminal have signed agreements to construct the Aircarbon-Ohio facility in Ohio, aimed at producing Aircarbon, a carbon-negative biomaterial that can replace plastic. Long Ridge will lease land and supply power for the project, with Fortress Transportation (FTAI) investing up to $75 million for a 25% stake. The facility will utilize methane captured from local industrial activities to support production. This initiative seeks to tackle plastic pollution and create jobs, establishing a significant carbon capture hub.