Here are the 10-K annual reports from FTAI Aviation Ltd. (FTAI) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow FTAI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FTAI filings page.
FTAI Aviation Ltd. files its annual report describing a specialized aviation engine and leasing business built around CFM56 and V2500 engines for 737NG and A320ceo aircraft. As of December 31, 2025, the company reported total consolidated assets of $4.4 billion and total equity of $334.2 million.
FTAI manages 290 aviation assets, including 47 aircraft and 243 engines, with 77% utilization in Q4 2025. It is shifting toward an asset-light model through a Strategic Capital Initiative, highlighted by the 2025 Partnership with $2.0 billion of equity commitments and an agreement to acquire 45 on-lease narrowbody aircraft for an estimated $549 million.
The report also details a 2024 internalization of management, including a $150.0 million cash payment and share issuance to the former external manager, after which FTAI no longer pays management fees. The company notes $3.4 billion of indebtedness outstanding and extensive risk factors tied to macroeconomic conditions, aviation cycles, regulatory change, geopolitical exposure (including assets in Russia), customer concentration and its leveraged, partnership-based growth strategy.