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].

Core Points - Rosen Law Firm is reminding investors who purchased FTAI Aviation Ltd. securities between July 23, 2024, and January 15, 2025, of the March 18, 2025, lead plaintiff deadline for a class action lawsuit [1][2] - The lawsuit claims that FTAI misrepresented its financials by reporting one-time engine sales as Maintenance Repair & Overhaul revenue, overstating sales and demand, and misleadingly lowering the reported cost of goods sold [4] Group 1 - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by March 18, 2025 [2] - Rosen Law Firm has a strong track record in securities class actions, having recovered hundreds of millions for investors and being ranked highly for its settlements [3] Group 2 - The lawsuit alleges that FTAI's financial misrepresentations led to investor damages when the true details became public [4] - Investors can join the class action by submitting a form or contacting the law firm directly [5][6]

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]. Allegations of Misconduct - 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 [3]. - FTAI is accused of overstating sales and demand by presenting whole engine sales as individual module sales [3]. - The company allegedly depreciates engines not on lease, which misleads investors by lowering the reported cost of goods sold and inflating EBITDA [3]. - As a result of these practices, the positive statements made by FTAI regarding its business and prospects were deemed materially misleading [3]. 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 [4]. - A lead plaintiff acts on behalf of all class members and is typically the investor or small group of investors with the largest financial interest [4]. - The decision to serve as a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit [4].

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.FTAI Aviation (NASDAQ: FTAI ) has experienced some turbulent weeks. I covered this extensively in a prior report . The stock rebounded nicely. However, following the fourth quarter earnings call, the stock has lost 7.6% of its value. In this report ...

NEW YORK, Feb. 28, 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-la ...

Core Viewpoint - A class action has been filed against FTAI Aviation Ltd. for allegedly misleading investors by manipulating financial statements during the period from July 23, 2024, to January 15, 2025 [1][2]. Allegations - The complaint outlines several key allegations against FTAI, including: - Reporting one-time engine sales as Maintenance Repair & Overhaul revenue despite limited repair work performed [2]. - Presenting whole engine sales as individual module sales, leading to an overstatement of sales and demand [2]. - Depreciating engines not on lease, which misleadingly lowers the reported cost of goods sold and inflates EBITDA [2]. - Positive statements about the company's business and prospects were materially misleading and lacked a reasonable basis [2]. Impact on Stock Price - Following the publication of a report by Muddy Waters Research on January 15, 2025, which accused FTAI of materially manipulating its financials, the company's stock price fell by $37.21, or 24.3%, closing at $116.08 per share [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must submit their applications by March 18, 2025. Participation in the case is not required to be eligible for recovery [4]. Company Background - Robbins LLP is noted as a leader in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].

FTAI Aviation Ltd. (NASDAQ:FTAI) Q4 2024 Earnings Conference Call February 27, 2025 8:00 AM ET Company Participants Alan Andreini – Head-Investor Relations Joe Adams – Chief Executive Officer Angela Nam – Chief Financial Officer David Moreno – Chief Operating Officer Conference Call Participants Kristine Liwag – Morgan Stanley Sheila Kahyaoglu – Jefferies Josh Sullivan – Benchmark Company Giuliano Bologna – Compass Point Brandon Oglenski – Barclays Hillary Cacanando – Deutsche Bank Ken Herbert – RBC Capital ...

Core Viewpoint - A class action securities lawsuit has been filed against FTAI Aviation Ltd. alleging securities fraud that affected investors between July 23, 2024, and January 15, 2025 [1][2]. Summary by Sections Class Action Details - The lawsuit aims to recover losses for investors who were adversely affected by alleged fraudulent activities during the specified period [1]. - The complaint claims that FTAI Aviation misrepresented its financial performance by reporting one-time engine sales as maintenance repair and overhaul revenue, overstating sales and demand, and misleadingly lowering the reported cost of goods sold [2]. Allegations Against FTAI Aviation - The company allegedly reported one-time engine sales as maintenance revenue despite only performing limited repair work [2]. - FTAI is accused of presenting whole engine sales as individual module sales, which inflated sales figures [2]. - The company reportedly depreciates engines not on lease, which misrepresents the cost of goods sold and inflates EBITDA [2]. - Positive statements made by the company regarding its business and prospects were claimed to be materially misleading [2]. Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until March 18, 2025, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [3]. Firm Background - Levi & Korsinsky has a history of securing significant compensation for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Viewpoint - FTAI Aviation reported quarterly earnings of $0.84 per share, exceeding the Zacks Consensus Estimate of $0.83 per share, but down from $1.09 per share a year ago, indicating a 22.9% year-over-year decline in earnings [1] - The company achieved revenues of $498.82 million for the quarter, surpassing the Zacks Consensus Estimate by 3.62% and showing a significant increase from $312.74 million in the same quarter last year, representing a 59.5% year-over-year growth [2] Earnings Performance - FTAI Aviation has surpassed consensus EPS estimates two times over the last four quarters, with a recent earnings surprise of 1.20% [1][2] - The company has consistently topped consensus revenue estimates, achieving this four times in the last four quarters [2] Stock Performance - FTAI Aviation shares have declined approximately 7.7% since the beginning of the year, contrasting with the S&P 500's gain of 1.3% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for it to outperform the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.17 on revenues of $481.91 million, and for the current fiscal year, it is $6.24 on revenues of $2.06 billion [7] - The aerospace and defense equipment industry, to which FTAI Aviation belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a favorable industry outlook [8]

Core Viewpoint - FTAI Aviation Ltd. dismissed allegations from short-sellers Muddy Waters and Snowcap Research as "without merit," but did not provide detailed rebuttals, raising concerns about the transparency of its internal review process [1][2][3]. Group 1: Allegations and Responses - Muddy Waters' report, released on January 15, 2025, led to a 24% drop in FTAI's stock price and initiated an internal review [4]. - The allegations include improper classification of one-time engine sales as Maintenance, Repair & Overhaul (MRO) revenue, which Muddy Waters claims inflates revenue figures and misleads investors [5]. - Snowcap Research corroborated many of Muddy Waters' findings, describing FTAI's Aerospace segment as "in substance an elaborate fabrication" [7]. Group 2: Internal Review and Audit Committee Findings - FTAI's Audit Committee, after a review by independent advisors, concluded that the short-seller claims lacked foundation, but did not address specific allegations [2][3]. - The company announced it expects to file its Form 10-K on time, asserting that the allegations are unsupported [3]. Group 3: Legal and Investor Implications - FTAI is facing a class-action lawsuit in the Southern District of New York, alleging securities fraud based on the claims made by Muddy Waters [8]. - The lawsuit seeks to recover losses for investors who purchased FTAI securities between July 23, 2024, and January 15, 2025 [8].