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FTAI Aviation Announces Increase to Previously Announced Cash Tender Offer for its 9.750% Senior Notes Due 2027
GlobeNewswire News Room· 2024-06-03 18:52
NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI), a Cayman Islands exempted company (the "Company" or "FTAI") previously announced the commencement of a tender offer (the "Tender Offer") by Fortress Transportation and Infrastructure Investors LLC ("FTAI LLC"), a wholly owned subsidiary of the Company, to purchase for cash up to $100,000,000 aggregate principal amount of its outstanding 9.750% Senior Notes due 2027 (the "2027 Notes") on the terms and conditions described in FTAI ...
FTAI Aviation Commences Cash Tender Offer for its 9.750% Senior Notes Due 2027
Newsfilter· 2024-06-03 11:35
| Series of | CUSIP | Aggregate Principal | | Total | Early | Tender | | --- | --- | --- | --- | --- | --- | --- | | Notes | Number(1) | Amount Outstanding | Tender Cap | Consideration(2) | Tender Payment(2) | Consideration(2) | | 9.750% Senior | 34960P AC5 (144A) | | | | | | | Notes due | U3458L AG6 (Reg | $400,000,000 | $100,000,000 | $1,029.00 | $30.00 | $999.00 | | 2027 | | | | | | | | | S) | | | | | | (1) CUSIPs are provided for the convenience of Holders. No representation is made as to the correctnes ...
FTAI Aviation Commences Cash Tender Offer for its 9.750% Senior Notes Due 2027
GlobeNewswire News Room· 2024-06-03 11:35
NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI), a Cayman Islands exempted company (the "Company" or "FTAI") is announcing today that Fortress Transportation and Infrastructure Investors LLC ("FTAI LLC"), a wholly owned subsidiary of the Company, has commenced an offer (the "Tender Offer") to purchase for cash up to $100,000,000 aggregate principal amount of its outstanding 9.750% Senior Notes due 2027 (the "2027 Notes") on the terms and conditions described in FTAI LLC's Offer ...
FTAI Aviation Agrees to Purchase Lockheed Martin Commercial Engines Solutions
Newsfilter· 2024-05-30 12:30
"Acquiring Lockheed Martin Commercial Engine Solutions represents a significant milestone for FTAI as we expand our MRE offerings," said Joe Adams, CEO of FTAI. "We know the facility well and greatly value the team's technical expertise and commitment to quality. We are excited to grow the shop's piece-part repair capabilities and continue delivering modules and engines to the aftermarket from a world class facility in Montréal." NEW YORK and MONTRÉAL, May 30, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NA ...
FTAI Aviation Announces Pricing of Secondary Offering of Ordinary Shares
Newsfilter· 2024-05-29 01:20
FTAI owns and maintains commercial jet engines with a focus on CFM56 and V2500 engines. FTAI's propriety portfolio of products, including The Module Factory and a joint venture to manufacture engine PMA, enables it to provide cost savings and flexibility to our airline, lessor, and maintenance, repair, and operations customer base. Additionally, FTAI owns and leases jet aircraft which often facilitates the acquisition of engines at attractive prices. FTAI invests in aviation assets and aerospace products th ...
FTAI Aviation Announces Pricing of Secondary Offering of Ordinary Shares
globenewswire.com· 2024-05-29 01:20
This press release does not constitute an offer to sell or the solicitation of an offer to buy shares of common stock, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. ABOUT FTAI AVIATION The offering is being made pursuant to the Company's effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC"). ...
FTAI Aviation Announces Secondary Offering of Ordinary Shares
Newsfilter· 2024-05-28 20:05
ABOUT FTAI AVIATION FTAI owns and maintains commercial jet engines with a focus on CFM56 and V2500 engines. FTAI's propriety portfolio of products, including The Module Factory and a joint venture to manufacture engine PMA, enables it to provide cost savings and flexibility to our airline, lessor, and maintenance, repair, and operations customer base. Additionally, FTAI owns and leases jet aircraft which often facilitates the acquisition of engines at attractive prices. FTAI invests in aviation assets and a ...
FTAI Aviation Announces Internalization, Terminates Management and Advisory Agreement
Newsfilter· 2024-05-28 10:00
Expected Internalization Benefits NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI) ("FTAI" or the "Company") announced today it has entered into definitive agreements providing for the internalization of the Company's management operations. Internalization Agreement Under the Internalization Agreement, the Company and FIG LLC (the "Manager") have terminated the Management and Advisory Agreement, dated July 31, 2022 (the "Management Agreement"), and the Services and Profit Sharing ...
FTAI Aviation Announces Internalization, Terminates Management and Advisory Agreement
globenewswire.com· 2024-05-28 10:00
NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI) ("FTAI" or the "Company") announced today it has entered into definitive agreements providing for the internalization of the Company's management operations. Internalization Agreement Under the Internalization Agreement, the Company and FIG LLC (the "Manager") have terminated the Management and Advisory Agreement, dated July 31, 2022 (the "Management Agreement"), and the Services and Profit Sharing Agreement, dated November 10, 202 ...
FTAI Aviation: Still A Buy After Stock Price Doubles
seekingalpha.com· 2024-05-17 22:57
| | | | | Three Months Ended March 31, | | | --- | --- | --- | --- | --- | --- | | | Notes | | 2024 | | 2023 | | Revenues | | | | | | | Lease income | | ર | 53,161 | S | 55,978 | | Maintenance revenue | | | 45,790 | | 35,141 | | Asset sales revenue | | | 38,607 | | 108,691 | | Aerospace products revenue | | | 189,057 | | 85,113 | | Other revenue | | | 79 | | 7,795 | | Total revenues | 12 | | 326,694 | | 292,718 | | Expenses | | | | | | | Cost of sales | | | 142,804 | | 145,670 | | Operating expenses | 2 | | ...