FTAI Aviation(FTAI)

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FTAI Investors Have Final Opportunity to Lead FTAI Aviation Ltd. Securities Fraud Lawsuit with the Schall Law Firm
Prnewswire· 2025-03-18 07:13
Core Viewpoint - A class action lawsuit has been filed against FTAI Aviation Ltd. for alleged violations of securities laws, specifically for making false and misleading statements regarding its financial performance and operations [1][4]. Summary by Sections Class Action Lawsuit - The Schall Law Firm is reminding investors of a class action lawsuit against FTAI Aviation for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased FTAI securities between July 23, 2024, and January 15, 2025, are encouraged to contact the firm before March 18, 2025 [2]. Allegations Against FTAI Aviation - The complaint alleges that FTAI made false and misleading statements, including reporting one-time engine sales as Maintenance Repair & Overhaul revenue despite limited repair work [4]. - The company is accused of overstating demand by misclassifying whole engine sales as individual module sales and inflating EBITDA by depreciating engines that were not leased [4]. - These misleading public statements caused investors to suffer damages when the truth about FTAI was revealed [4]. Legal Representation - The Schall Law Firm specializes in securities class action lawsuits and encourages affected shareholders to discuss their rights free of charge [3][5].
FTAI Aviation Ltd. Deadline Reminder: Kessler Topaz Meltzer & Check, LLP Reminds FTAI Investors of Important Lead Plaintiff Deadline on March 18, 2025
Prnewswire· 2025-03-16 22:00
Core Viewpoint - A securities class action lawsuit has been filed against FTAI Aviation Ltd. for allegedly making materially false and misleading statements regarding its business operations and financial performance during the Class Period from July 23, 2024, to January 15, 2025 [1][2]. Allegations Against Defendants - The complaint claims that FTAI misrepresented one-time engine sales as Maintenance Repair & Overhaul revenue, despite only performing limited repair and maintenance work on the sold engine assets [2]. - FTAI is accused of presenting whole engine sales as individual module sales, which inflated reported sales and demand [2]. - The company allegedly depreciates engines not on lease, misleadingly lowering the reported cost of goods sold and inflating EBITDA [2]. - As a result of these practices, the positive statements made by FTAI regarding its business and prospects were deemed materially misleading and lacked a reasonable basis [2]. Lead Plaintiff Process - Investors in FTAI have until March 18, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - A lead plaintiff acts on behalf of all class members and typically is the investor or small group of investors with the largest financial interest [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery [3].
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of FTAI Aviation
Newsfilter· 2025-03-15 11:50
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against FTAI Aviation Ltd. due to allegations of misleading financial practices and encourages affected investors to contact them for legal options [1][3][4]. Group 1: Allegations Against FTAI - The complaint alleges that FTAI and its executives violated federal securities laws by making false statements and failing to disclose critical information regarding their financial practices [3]. - Specific allegations include misreporting one-time engine sales as Maintenance Repair & Overhaul revenue, overstating sales by presenting whole engine sales as individual module sales, and misleadingly lowering the reported cost of goods sold through depreciation practices [3][4]. - Muddy Waters Research reported that FTAI materially manipulates its financials, exaggerating the size of its aftermarket aerospace business and inflating EBITDA margins through over-depreciation [4]. Group 2: Stock Price Impact - Following the allegations, FTAI's stock price fell by $37.21, or 24.3%, closing at $116.08 per share on January 15, 2025, with unusually heavy trading volume [5]. Group 3: Legal Proceedings - The deadline for investors to seek the role of lead plaintiff in the federal securities class action against FTAI is March 18, 2025 [1][6]. - Any member of the putative class can move the Court to serve as lead plaintiff or remain an absent class member without affecting their ability to share in any recovery [6]. Group 4: Call for Information - Faruqi & Faruqi encourages anyone with information regarding FTAI's conduct, including whistleblowers and former employees, to contact the firm [7].
FTAI Deadline: FTAI Investors Have Opportunity to Lead FTAI Aviation Ltd. Securities Fraud Lawsuit
Prnewswire· 2025-03-14 20:05
NEW YORK, March 14, 2025 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of FTAI Aviation Ltd. (NASDAQ: FTAI) between July 23, 2024, and January 15, 2025, both dates inclusive (the "Class Period"), of the important March 18, 2025 lead plaintiff deadline.So what: If you purchased FTAI securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.What to do ...
FTAI Aviation Ltd. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before March 18, 2025 to Discuss Your Rights - FTAI
Prnewswire· 2025-03-13 09:45
NEW YORK, March 13, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of FTAI Aviation Ltd. (NASDAQ: FTAI).Shareholders who purchased shares of FTAI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/ftai-aviation-ltd-loss-submission-form/?id=135468&from=4CLASS PERIOD: July 23, 2024 t ...
Levi & Korsinsky Notifies FTAI Aviation Ltd. Investors of a Class Action Lawsuit and Upcoming Deadline - FTAI
Prnewswire· 2025-03-12 09:45
NEW YORK, March 12, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in FTAI Aviation Ltd. ("FTAI Aviation" or the "Company") (NASDAQ: FTAI) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of FTAI Aviation investors who were adversely affected by alleged securities fraud between July 23, 2024 and January 15, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/ftai-aviation-ltd-l ...
FTAI Aviation Ltd. Investors: Please contact the Portnoy Law Firm to recover your losses.
GlobeNewswire News Room· 2025-03-10 20:25
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, March 10, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises FTAI Aviation Ltd. ("FTAI Aviation" or the "Company") (NASDAQ: FTAI) investors of a class action representing investors that bought securities between July 23, 2024 and January 15, 2025, inclusive (the "Class Period"). FTAI Aviation investors have until March 18, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorne ...
FTAI CLASS ACTION ALERT: Kessler Topaz Meltzer & Check, LLP Reminds FTAI Aviation Ltd. Shareholders of Securities Fraud Class Action Lawsuit
Prnewswire· 2025-03-07 01:12
Core Viewpoint - A securities class action lawsuit has been filed against FTAI Aviation Ltd. for allegedly making materially false and misleading statements regarding its business operations and financial performance during the Class Period from July 23, 2024, to January 15, 2025 [1][2]. Group 1: Allegations Against FTAI - The lawsuit claims that FTAI misrepresented one-time engine sales as Maintenance Repair & Overhaul revenue, despite only performing limited repair and maintenance work on the sold engine assets [2]. - FTAI is accused of presenting whole engine sales as individual module sales, which inflated reported sales and demand [2]. - The company allegedly depreciates engines not on lease, misleadingly lowering the reported cost of goods sold and inflating EBITDA [2]. - As a result of these practices, the positive statements made by FTAI regarding its business and prospects were deemed materially misleading and lacked a reasonable basis [2]. Group 2: Lead Plaintiff Process - Investors in FTAI have until March 18, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - A lead plaintiff acts on behalf of all class members in directing the litigation and is typically the investor or small group of investors with the largest financial interest [3]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [3]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions of dollars for victims of corporate misconduct [4]. - The firm encourages FTAI investors who have suffered significant losses to contact them for more information [4].
Does FTAI Aviation (FTAI) Have the Potential to Rally 58.22% as Wall Street Analysts Expect?
ZACKS· 2025-03-04 16:00
FTAI Aviation (FTAI) closed the last trading session at $118.61, gaining 9.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $187.67 indicates a 58.2% upside potential.The mean estimate comprises 12 short-term price targets with a standard deviation of $40.78. While the lowest estimate of $123 indicates a 3.7% increase from the current price level, the most optimistic analyst expe ...
FTAI Aviation(FTAI) - 2024 Q4 - Annual Report
2025-03-03 22:06
Financial Performance - Total revenues increased by $564.0 million to $1,734.9 million in 2024, driven by a $624.9 million increase in aerospace products revenue[194]. - Aerospace products revenue growth was primarily due to a $546.0 million increase in CFM56-7B, CFM56-5B, and V2500 engine and module sales[194]. - Lease income rose by $47.4 million, attributed to a $37.3 million increase in engine lease revenue and a $17.5 million increase in aircraft lease revenue[194]. - Total expenses increased by $665.9 million to $1,497.1 million, with significant contributions from cost of sales and operating expenses[196]. - Net income from continuing operations decreased by $235.1 million, resulting in a net income of $8.7 million in 2024[197]. - Adjusted EBITDA increased by $264.8 million to $862.1 million, reflecting improved operational performance[198]. - Total revenues decreased by $53.2 million, with asset sales revenue dropping by $111.0 million due to fewer sales transactions of commercial aircraft and engines[209]. - Net income attributable to shareholders decreased by $81.4 million to $210.2 million in 2024 from $291.6 million in 2023[212]. - Net income attributable to shareholders increased to $346.3 million in 2024, up from $180.2 million in 2023, representing a growth of 192%[220]. - Adjusted EBITDA rose to $380.6 million in 2024, a significant increase of $220.6 million compared to $160.0 million in 2023, marking a growth of 138%[220]. Asset Management - As of December 31, 2024, the company had total consolidated assets of $4.0 billion and total equity of $81.4 million[173]. - The company owned and managed 421 aviation assets, including 109 commercial aircraft and 312 engines as of December 31, 2024[205]. - The insured value of aircraft and engines remaining in Russia is $210.7 million, with uncertain timing and amounts for potential recoveries[177]. - Asset sales revenue decreased by $111.0 million, with three aircraft and 14 engines sold in 2024 compared to 13 aircraft and 41 engines in 2023[194]. Strategic Initiatives - On August 1, 2022, the company completed a spin-off of FTAI Infrastructure, resulting in a dividend of $730.3 million used to repay outstanding borrowings[180]. - The company launched a Strategic Capital Initiative on December 30, 2024, focusing on acquiring 737NG and A320ceo aircraft through partnerships[183]. - The company expects to provide aircraft management services and make minority investments in future partnerships under the Strategic Capital Initiative[183]. - Acquisition of LMCES in September 2024 aimed to enhance manufacturing capabilities for aircraft engines[218]. Expenses and Liabilities - Total expenses increased by $206.7 million, with cost of sales rising by $253.7 million primarily in the Aerospace Products segment[200]. - Interest expense increased by $60.1 million, reflecting a rise in average debt outstanding of approximately $779.3 million[199]. - The provision for income taxes increased by $65.3 million, reflecting higher tax obligations due to increased income from leasing and aerospace activities[196]. - Total expenses increased by $287.4 million, primarily due to a $300.0 million internalization fee to an affiliate effective May 28, 2024[235]. - As of December 31, 2024, the company had outstanding principal and interest payment obligations of $3.5 billion and $1.4 billion, respectively, with only $229.8 million in interest payments due in the next twelve months[260]. Cash Flow and Investments - Cash used for investments was $1,526.2 million in 2024, compared to $861.5 million in 2023[249]. - Cash flows from operating activities were $(136.5) million in 2024, a decrease from $163.0 million in 2023[256]. - Proceeds from the sale of assets were $969.3 million in 2024, up from $477.9 million in 2023[256]. - Net cash provided by financing activities increased by $399.6 million, driven by proceeds from debt of $1,630.2 million and maintenance deposits of $19.0 million, partially offset by debt repayment of $1,067.3 million and redemption of preferred shares of $105.4 million[257]. Management and Operational Changes - The company internalized its management function on May 28, 2024, eliminating management fees to the Former Manager[174]. - The company entered into a Transition Services Agreement with the Former Manager, requiring services until October 31, 2024, with a fee structure based on costs plus a 10% markup[175]. - The company anticipates operational cost savings following the internalization of management functions on May 28, 2024[253]. Taxation and Interest Rate Risk - The provision for income taxes increased by $69.2 million, primarily due to higher income from leasing activities in taxable jurisdictions[211]. - Interest rate risk is a significant exposure, with borrowing agreements generally requiring payments based on a variable interest rate index, such as SOFR[278]. - A hypothetical 100-basis point increase/decrease in the variable interest rate on borrowings would not have increased or decreased interest expense over the next 12 months[280].