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FTAI Aviation Ltd. Reports Fourth Quarter and Full Year 2024 Results, Declares Dividend of $0.30 per Ordinary Share, Announces Agreement to Expand Maintenance Capacity with QuickTurn Europe
GlobeNewswire· 2025-02-26 21:15
Financial Overview - FTAI Aviation Ltd. reported a net income attributable to shareholders of $86.692 million for Q4 2024, with basic earnings per share of $0.85 and diluted earnings per share of $0.84 [2][21] - The company achieved an Adjusted EBITDA of $252.015 million for Q4 2024 [2][21] Dividends - The Board declared a cash dividend of $0.30 per ordinary share for Q4 2024, payable on March 24, 2025 [3] - Cash dividends for Series C and Series D Preferred Shares were declared at $0.51563 and $0.59375 per share, respectively, payable on March 17, 2025 [4] Business Highlights - A subsidiary of FTAI entered into an agreement to acquire a 50% stake in IAG Engine Center, forming a joint venture named Quick Turn Engine Center Europe [6] - The new joint venture is expected to add capacity to maintain 450 modules (150 engines) per year, increasing FTAI's total maintenance capacity to 1,800 CFM56 modules (600 engines) [7] Growth and Financial Performance - FTAI's Aerospace Products segment reported a net income of $346 million for fiscal year 2024, a 92% increase year-over-year, with Adjusted EBITDA up 138% year-over-year [9] - The company targets an adjusted free cash flow of approximately $650 million for 2025, following significant growth investments in 2024 [9] Outlook - FTAI expects 2025 Adjusted EBITDA of approximately $1.1 to $1.15 billion, with $500 million from Aviation Leasing and $600 to $650 million from Aerospace Products [11] - The 2026 Adjusted EBITDA forecast has been increased from $1.25 billion to approximately $1.4 billion, reflecting expected incremental upside from the Strategic Capital Initiative [12] Key Performance Measures - Adjusted EBITDA is utilized as a key performance measure, providing insights into operational performance and resource allocation decisions [27][28]
FTAI's Strategic Capital Initiative Secures Commitment for $2.5 Billion of Asset-Level Debt Financing
GlobeNewswire News Room· 2025-02-26 11:00
Core Viewpoint - FTAI Aviation Ltd. has secured a $2.5 billion commitment for asset-level debt financing to support its Strategic Capital Initiative, enabling the deployment of over $4 billion into on-lease aircraft while maintaining an asset-light business model [1][2][3] Group 1: Financing and Strategic Initiative - The financing is led by ATLAS SP Partners and Deutsche Bank AG, with FTAI aiming to become a major investor in mid-life, on-lease aircraft [1][2] - The Strategic Capital Initiative will utilize engine and module exchanges through FTAI's Maintenance, Repair and Exchange business, enhancing operational efficiency [1][2] - The total addressable market for FTAI's Aerospace Products business is estimated at $22 billion, with the company currently holding a 5% market share [2][4] Group 2: Market Context and Growth Potential - The aircraft finance industry is experiencing robust growth due to record-high global travel, providing favorable conditions for FTAI's initiatives [3] - FTAI's innovative approach to aircraft engine maintenance is expected to transform asset owners' perspectives and drive significant growth in the market [2][3] - The company anticipates continued expansion in its customer base, aiming to deliver cost and time savings through its differentiated services [2] Group 3: Advisory and Support - Legal counsel for the Strategic Capital Initiative includes Kirkland & Ellis LLP, McGuireWoods LLP, and Gibson, Dunn & Crutcher LLP, with Lincoln International LLC serving as financial advisor [5] - ATLAS SP Partners acted as the sole structuring agent and lead arranger for the financing, indicating strong institutional support for FTAI's strategy [5] Group 4: Company Overview - FTAI specializes in owning and maintaining commercial jet engines, particularly CFM56 and V2500 engines, and offers a proprietary portfolio of products to enhance cost savings for clients [8] - The company also invests in aviation assets and aerospace products that generate stable cash flows and potential for earnings growth [8]
FTAI's Strategic Capital Initiative Secures Commitment for $2.5 Billion of Asset-Level Debt Financing
Newsfilter· 2025-02-26 11:00
Core Viewpoint - FTAI Aviation Ltd. has secured a $2.5 billion asset-level debt financing commitment for its Strategic Capital Initiative, enabling the deployment of over $4 billion into on-lease aircraft, specifically 737NG and A320ceo models, while maintaining an asset-light business model [1][2][3]. Group 1: Strategic Capital Initiative - The Strategic Capital Initiative (SCI) aims to become one of the largest investors in mid-life, on-lease aircraft, supported by a $2.5 billion financing commitment from ATLAS SP Partners and Deutsche Bank [1][2]. - The financing will allow FTAI to leverage its Maintenance, Repair and Exchange (MRE) business, which is expected to enhance its market position in aircraft engine maintenance [2][3]. Group 2: Market Potential - FTAI's Aerospace Products business operates within a $22 billion total addressable market, currently holding only a 5% market share, indicating significant growth potential [2][4]. - The company is positioned to drive cost and time savings for asset owners through its differentiated MRE services, which are gaining traction in the market [2][8]. Group 3: Financial and Operational Insights - The financing commitment is structured to support FTAI's innovative approach to aircraft engine maintenance, which is expected to create future partnership opportunities [3]. - FTAI's business model focuses on generating strong and stable cash flows while pursuing asset appreciation through investments in aviation assets and aerospace products [8].
Class Action Filed Against FTAI Aviation Ltd. (FTAI) Seeking Recovery for Investors - Contact Levi & Korsinsky
Prnewswire· 2025-02-25 10:45
Core Viewpoint - FTAI Aviation Ltd. is facing a class action securities lawsuit due to alleged securities fraud that affected investors between July 23, 2024, and January 15, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that FTAI Aviation misrepresented its financials by reporting one-time engine sales as maintenance repair & overhaul revenue, despite only performing limited repair and maintenance work on the sold engine assets [2]. - It is alleged that FTAI presented whole engine sales as individual module sales, which resulted in an overstatement of sales and demand [2]. - The company reportedly depreciates engines that are not on lease, misleadingly lowering the reported cost of goods sold and inflating EBITDA [2]. - Due to these actions, the positive statements made by the defendants regarding the company's business, operations, and prospects were materially misleading and lacked a reasonable basis [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until March 18, 2025, to request to be appointed as lead plaintiff in the case [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the United States [4].
FTAI ANNOUNCEMENT: Kessler Topaz Meltzer & Check, LLP Notifies Investors of a Class Action Lawsuit Against FTAI Aviation Ltd. (FTAI)
Prnewswire· 2025-02-25 00:45
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 complaint alleges 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 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 has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4]. - The firm encourages FTAI investors who have suffered significant losses to contact them for more information [4].
Insights Into FTAI Aviation (FTAI) Q4: Wall Street Projections for Key Metrics
ZACKS· 2025-02-24 15:21
Wall Street analysts expect FTAI Aviation (FTAI) to post quarterly earnings of $0.83 per share in its upcoming report, which indicates a year-over-year decline of 23.9%. Revenues are expected to be $481.39 million, up 53.9% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 8.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior ...
Class Action Filed Against FTAI Aviation Ltd. (FTAI) - March 18, 2025 Deadline to Join - Contact The Gross Law Firm
Prnewswire· 2025-02-24 10:45
NEW YORK, Feb. 24, 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=131196&from=4CLASS PERIOD: July 23, 2024 to ...
FTAI Aviation (FTAI) Just Reclaimed the 50-Day Moving Average
ZACKS· 2025-02-20 15:30
After reaching an important support level, FTAI Aviation (FTAI) could be a good stock pick from a technical perspective. FTAI surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.The 50-day simple moving average is a widely used technical indicator that helps determine support or resistance levels for different types of securities. It's one of three major moving averages, but takes precedent because it's the first sign of an up or down trend.Over the past four weeks, FTAI ...
FTAI Aviation (FTAI) Recently Broke Out Above the 200-Day Moving Average
ZACKS· 2025-02-20 15:30
FTAI Aviation (FTAI) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, FTAI broke through the 200-day moving average, which suggests a long-term bullish trend.The 200-day simple moving average is a useful tool for traders and analysts, establishing market trends for stocks, commodities, indexes, and other financial instruments over the long term. The marker moves higher or lower along with longer-term price moves, and serves as a support or r ...
Faruqi & Faruqi Reminds FTAI Aviation Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 18, 2025 - FTAI
Prnewswire· 2025-02-20 14:34
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In FTAI To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $50,000 in FTAI between July 23, 2024 and January 15, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, Feb. 20, 2025 /PRNewswire/ -- Far ...