FTAI Aviation (NASDAQ: FTAI) appoints new CFO and CAO

Rhea-AI Filing Summary

FTAI Aviation Ltd. announced a planned finance leadership transition. The Board appointed Nicholas McAleese as Chief Financial Officer and Michael Hazan as Chief Accounting Officer, effective March 6, 2026. Both are internal promotions from senior finance and accounting roles at the Company and prior related organizations.

Former CFO and Chief Accounting Officer Eun (Angela) Nam is resigning to join another public company outside aviation and will advise to support a smooth handover. McAleese’s and Hazan’s annual base salaries were increased to $525,000 and $425,000, respectively, and they will receive one‑time RSU grants valued at $1,200,000 and $1,000,000, vesting over three years.

8-K Event Classification

3 items: 5.02, 7.01, 9.01

3 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): March 3, 2026

FTAI Aviation Ltd.

(Exact Name of Registrant as Specified in its Charter)

Cayman Islands	001-37386	98-1420784
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

405 West 13th Street, 3rd Floor, New York, New York 10014

(Address of Principal Executive Offices) (Zip Code)

(332) 239-7600

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:	Trading Symbol:	Name of each exchange on which registered:
Ordinary shares, $0.01 par value per share	FTAI	The Nasdaq Global Select Market
8.25% Fixed Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares	FTAIN	The Nasdaq Global Select Market
9.50% Fixed Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares	FTAIM	The Nasdaq Global Select Market

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 5, 2026, the Board of Directors (the “Board”) of FTAI Aviation Ltd. (“FTAI” or the “Company”) appointed Nicholas McAleese as the Company’s Chief Financial Officer and Michael Hazan as the Company’s Chief Accounting Officer, each effective March 6, 2026.

Mr. McAleese, 36, joined the Company in 2022 and most recently served as the Company’s Senior Vice President, Financial Planning and Analysis, where he has played a key role in building out core corporate finance functions and financial planning and analysis. Earlier in his career, he held roles of increasing seniority in public accounting, real estate and commercial lending, building broad experience in financial operations and capital allocation at companies, including BHG Financial, Breather and PricewaterhouseCoopers LLP (“PwC”). Mr. McAleese holds a B.A. in Economics from Trinity College Dublin and is both a Chartered Financial Analyst and a Certified Public Accountant.

Mr. Hazan, 37, has served as the Company’s Senior Vice President, Controller since 2024, overseeing the Company’s accounting, reporting and operational efforts. From 2017 to 2024, Mr. Hazan held various roles within Fortress Investment Group primarily focused on accounting and financial reporting, including for the Company. Prior to this, he worked in PwC’s audit practice for over six years, most recently as an Assurance Manager. Mr. Hazan holds an M.S. in Accounting and a B.S. in Business Management, Accounting from Babson College, and is a Certified Public Accountant.

In connection with their appointments, Mr. McAleese’s and Mr. Hazan’s annual base salaries were increased to $525,000 and $425,000, respectively. In addition, each will receive a one-time grant of RSUs valued at $1,200,000 and $1,000,000, respectively, vesting ratably over three years following the grant date.

On March 3, 2026, Eun (Angela) Nam notified the Board of her decision to resign as Chief Financial Officer and Chief Accounting Officer of the Company, effective March 6, 2026, to pursue a new opportunity at a public company outside the aviation industry, and she will work closely with Mr. McAleese and Mr. Hazan in an advisory capacity to support a smooth transition. Ms. Nam’s decision to leave the Company is not related to any financial or accounting issue or any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

There are no arrangements or understandings between either Mr. McAleese or Mr. Hazan and any other person pursuant to which they were appointed as an officer of the Company. In addition, neither Mr. McAleese nor Mr. Hazan has any family relationship with any director or executive officer of the Company. The Company is not aware of any related person transactions in which either Mr. McAleese or Mr. Hazan has a direct or indirect interest that would require disclosure under Item 404(a) of Regulation S-K.

Item 7.01 Regulation FD Disclosure.

On March 6, 2026, the Company issued a press release announcing the foregoing transition. A copy of the press release is attached hereto as Exhibit 99.1.

The information in this Item 7.01 and Exhibit 99.1 attached hereto is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number	Description
99.1	Press Release, dated March 6, 2026
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FTAI Aviation Ltd.
By:	/s/ Joseph P. Adams, Jr.
Name:	Joseph P. Adams, Jr.
Title:	Chief Executive Officer
Date: March 6, 2026

Exhibit 99.1

FTAI Aviation Announces CFO Transition

NEW YORK – March 6, 2026 – FTAI Aviation Ltd. (NASDAQ: FTAI) (“FTAI” or the “Company”) today announced that Nicholas McAleese has been appointed Chief Financial Officer, and Michael Hazan has been appointed Chief Accounting Officer, both effective immediately.

Mr. McAleese, FTAI’s Senior Vice President of FP&A, and Mr. Hazan, FTAI’s Senior Vice President, Controller, succeed Eun (Angela) Nam as Chief Financial Officer and Chief Accounting Officer, respectively. Ms. Nam is departing FTAI to pursue a new opportunity at a public company outside the aviation industry and will work closely with Mr. McAleese and Mr. Hazan in an advisory capacity to support a smooth transition.

“We are pleased to appoint Nicholas as CFO and Mike as CAO after their many years of contribution to FTAI’s growth and operational excellence,” said Joe Adams, Chairman and CEO. “Nicholas brings strong financial leadership and a deep understanding of our business, and Mike brings extensive expertise in public company accounting, reporting and controls. Together, they are exceptionally well‑equipped to lead our finance and accounting team and support FTAI’s continued growth.”

Since joining the company in 2022, Mr. McAleese has played a key role in building out core corporate finance functions and financial planning and analysis. Mr. Hazan joined the Company in 2017 and has played a leadership role on all accounting, financial reporting and operational efforts.

Mr. Adams continued, “On behalf of the Board and our leadership team, I would like to thank Angela for her meaningful contributions to FTAI over the last twelve years. She has been a valued colleague, and we wish her the best in her next chapter.”

Ms. Nam added, “I would like to thank Joe and the entire FTAI team for their support during my time at the Company. It has been a pleasure to work with such talented and dedicated colleagues, and I am committed to ensuring a seamless transition.”

About Nicholas McAleese

Mr. McAleese is the Chief Financial Officer of FTAI Aviation. Since joining FTAI in 2022, Mr. McAleese has focused on financial planning and analysis and corporate finance. Prior to joining FTAI, Mr. McAleese held various roles at BHG Financial, Breather and PwC focused on public accounting, real estate and capital markets. Mr. McAleese holds a B.A. in Economics from Trinity College Dublin and is both a Chartered Financial Analyst and a Certified Public Accountant.

About Michael Hazan

Mr. Hazan is the Chief Accounting Officer of FTAI Aviation. From 2024 to 2026, Mr. Hazan served as Senior Vice President, Controller where he oversaw the Company’s accounting, financial reporting and operational efforts. From 2017 to 2024, Mr. Hazan held various roles within Fortress Investment Group primarily focused on accounting and financial reporting, including for the Company. Prior to this, he worked in PwC’s audit practice for over six years, most recently as an Assurance Manager. Mr. Hazan holds a M.S. in Accounting and a B.S. in Business Management, Accounting from Babson College and is a Certified Public Accountant.

About FTAI

FTAI combines advanced turbine technology and asset ownership to power the world’s most essential markets. Additional information is available at https://www.ftaiaviation.com.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond the Company’s control. The Company can give no assurance that its expectations will be attained and such differences may be material. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available on the Company’s website (www.ftaiaviation.com). In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or change in events, conditions, or circumstances on which any statement is based. This release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. Nothing on the Company’s website is included or incorporated by reference herein.

For further information, please contact:

Alan Andreini

Investor Relations

FTAI Aviation Ltd.

(646) 734-9414

aandreini@ftaiaviation.com

Media:

Tim Lynch / Kelly Sullivan

Joele Frank, Wilkinson Brimmer Katcher

(212) 355-4449

FAQ

What executive changes did FTAI (FTAI) announce in this 8-K?

FTAI Aviation appointed Nicholas McAleese as Chief Financial Officer and Michael Hazan as Chief Accounting Officer, effective March 6, 2026. Both are internal promotions, succeeding Eun (Angela) Nam, who is leaving to join another public company outside the aviation industry.

Why is FTAI’s previous CFO Angela Nam leaving the company?

Angela Nam resigned as FTAI’s Chief Financial Officer and Chief Accounting Officer to pursue a new opportunity at a public company outside the aviation industry. She will work with Nicholas McAleese and Michael Hazan in an advisory capacity to help ensure a smooth leadership transition.

What compensation changes were disclosed for FTAI’s new CFO and CAO?

FTAI increased Nicholas McAleese’s annual base salary to $525,000 and Michael Hazan’s to $425,000. McAleese will receive a one‑time RSU grant valued at $1,200,000, and Hazan will receive RSUs valued at $1,000,000, vesting ratably over three years.

What are the backgrounds of FTAI’s new CFO, Nicholas McAleese?

Nicholas McAleese joined FTAI in 2022 and led financial planning and corporate finance. Previously, he held roles at BHG Financial, Breather and PwC. He holds a B.A. in Economics from Trinity College Dublin and is both a Chartered Financial Analyst and Certified Public Accountant.

What experience does FTAI’s new Chief Accounting Officer, Michael Hazan, bring?

Michael Hazan has served as FTAI’s Senior Vice President, Controller since 2024, overseeing accounting, reporting and operations. He previously worked at Fortress Investment Group on accounting and financial reporting and spent over six years in PwC’s audit practice, most recently as an Assurance Manager.

Did FTAI indicate any issues behind the CFO’s resignation?

FTAI stated that Angela Nam’s decision to leave was not related to any financial or accounting issue or disagreement over the company’s operations, policies or practices. The company emphasized her departure is for a new external opportunity and highlighted her cooperation in the transition.

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 8.0 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 4.6 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 18.0 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 27.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 20.2 KB