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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) 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.
On November 11, 2022, FTAI Aviation Ltd. (NASDAQ: FTAI) announced the successful closing of its merger with Fortress Transportation and Infrastructure Investors LLC and FTAI Aviation Merger Sub LLC. This merger allows shareholders of Fortress to automatically exchange their shares for FTAI shares, establishing Fortress as a subsidiary of FTAI. Post-merger, shareholders will be relieved from Schedule K-1 tax reporting requirements, with a final K-1 issued in 2023. FTAI focuses on providing aviation asset solutions, especially in commercial jet engines.
On November 9, 2022, Fortress Transportation and Infrastructure Investors (NASDAQ: FTAI) announced that its shareholders approved the merger with FTAI Finance Holdco Ltd., to be renamed FTAI Aviation Ltd. The merger allows FTAI's common shares to be automatically exchanged for FTAI Aviation shares, with no action required from shareholders. The closing is expected on November 10, 2022. FTAI's focus remains on commercial jet engines, aiming to deliver cost savings and stability in cash flows while facilitating future growth in the aviation sector.
Fortress Transportation and Infrastructure Investors (NASDAQ:FTAI) will present at the Stephens Annual Investment Conference on November 15, 2022, at 8:00 AM CT in Nashville, Tennessee. CEO Joe Adams and Head of Investor Relations Alan Andreini will represent the Company. FTAI specializes in maintaining commercial jet engines, particularly CFM56 engines, and offers aviation assets that yield strong cash flows and growth potential. The Company also focuses on cost-effective solutions for customers in the aviation sector.
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.