Core Viewpoint - AerCap Holdings N.V. has filed its interim financial report for Q3 2025, showcasing its strong performance in the aviation leasing industry [1][6]. Company Overview - AerCap is recognized as the global leader in aviation leasing, serving approximately 300 customers worldwide with a comprehensive range of fleet solutions [2]. Financial Performance - The company reported record financial results for the third quarter of 2025 and has raised its earnings per share (EPS) guidance [6].

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $297.4 million for Q3 2025, up 28% from $232 million in Q3 2024, and in line with Q2 2025 results [18][19] - Adjusted free cash flow for Q3 was $268 million, contributing to a year-to-date total of $638 million, on track to meet the revised goal of $750 million for 2025 [14][16] - The aerospace products segment generated $180.4 million in EBITDA with a margin of 35%, reflecting a 77% increase year-over-year [9][19] Business Line Data and Key Metrics Changes - Aerospace products segment saw a significant increase in EBITDA, reaching $180 million, up from $101.8 million in Q3 2024 [9][19] - The leasing segment posted approximately $134 million in adjusted EBITDA, with pure leasing component at $122 million for Q3 [20][21] - The company refurbished 207 CFM56 modules in Q3, a 13% increase from the previous quarter, and is on track to produce 750 modules in 2025 [10][13] Market Data and Key Metrics Changes - The company is targeting a total portfolio size of approximately 375 aircraft, with full capital deployment anticipated by mid-2026 [7] - The market for aircraft engine assets is characterized by a significant number of older aircraft being sold by lessors, creating opportunities for the company to acquire assets [35][36] Company Strategy and Development Direction - The company aims to pivot to an asset-light model focused on aerospace products and strategic capital, expecting substantial growth in free cash flow [15][16] - The successful launch of the Strategic Capital Initiative (SCI) is expected to create significant value and position the company for long-term earnings growth [5][7] - The company plans to continue launching additional SCI partnerships each year, enhancing returns for equity partners [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a market share of 25% in the engine aftermarket maintenance sector in the coming years [10] - The company anticipates total business segment EBITDA of $1.525 billion in 2026, up from the original estimate of $1.4 billion [17] - Management highlighted the importance of maintaining strong relationships with airline customers and the benefits of their Maintenance Repair Exchange (MRE) model [39][40] Other Important Information - The company announced an increase in the quarterly dividend from $0.30 to $0.35 per share, marking its 42nd dividend as a public company [15] - The acquisition of ATOPS for approximately $15 million is expected to enhance production capacity and operational efficiency [12][30] Q&A Session Summary Question: Financial implications of the upsizing of SCI - Management indicated that the upsizing will accelerate growth under SCI, potentially increasing its contribution to aerospace products volume from 20% to 25% [25][26] Question: Details on the ATOPS acquisition - The ATOPS acquisition is aimed at increasing production capacity ahead of needs, with a focus on synergy with existing facilities [28][30] Question: Availability of aircraft engine assets - Management noted that there is a significant supply of older aircraft being sold by lessors, providing opportunities for acquisition [35][36] Question: Treatment of SCI in financials - The 19% equity portion of SCI will be reflected in the equity income line and will also generate servicing revenue [40][41] Question: Guidance for 2026 - Management expects growth in both volume and margin, driven by new and existing customer orders [68][70] Question: Management and performance fees for SCI - The asset management fee is market-based, typically around 1% of total assets, with incentive compensation tied to performance [76][77] Question: Long-term partnerships and margin impact - Future deals are expected to be similar to existing large programs, with margins improving as customer orders increase [84][86]

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $297.4 million for Q3 2025, up 28% from $232 million in Q3 2024, and in line with Q2 2025 results [18][19] - Adjusted free cash flow for Q3 was $268 million, contributing to a year-to-date total of $638 million, with a target of $750 million for the full year [14][16] - The aerospace products segment generated $180.4 million in EBITDA, with a margin of 35%, reflecting a 77% year-over-year increase [9][19] Business Line Data and Key Metrics Changes - Aerospace products segment saw a significant increase in EBITDA, up 77% year-over-year, driven by strong global demand for pre-built engines [9][19] - The leasing segment posted approximately $134 million in adjusted EBITDA, with a pure leasing component of $122 million for Q3 [20][21] - The company refurbished 207 CFM56 modules in Q3, a 13% increase from the previous quarter, and is on track to produce 750 modules in 2025 [10][19] Market Data and Key Metrics Changes - The company is targeting a total portfolio size of approximately 375 aircraft, with full capital deployment anticipated by mid-2026 [6][7] - The company aims to achieve a 25% market share in the engine aftermarket maintenance sector in the coming years [10] Company Strategy and Development Direction - The company is pivoting to an asset-light model focused on aerospace products and strategic capital, with plans to launch additional SCI partnerships annually [15][16] - The acquisition of ATOPS for approximately $15 million is expected to enhance production capacity and operational efficiency [12][30] - The company is targeting growth in production to 1,000 CFM56 modules next year, a 33% increase compared to this year's production [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year 2025 estimates of $1.25 to $1.3 billion in business segment EBITDA, with significant growth expected in 2026 [16][17] - The company anticipates generating $1 billion in adjusted free cash flow in 2026, representing a 33% increase over the $750 million targeted for 2025 [17] Other Important Information - The company announced an increase in the quarterly dividend from $0.30 to $0.35 per share, marking its 42nd dividend as a public company [15] - The company is focused on enhancing margins and production capabilities through strategic acquisitions and partnerships [12][30] Q&A Session Summary Question: Financial implications of the upsizing of SCI - Management indicated that the upsizing will accelerate growth under SCI, potentially increasing its contribution to aerospace products volume from 20% to 25% [25][26] Question: Details on the ATOPS acquisition - The ATOPS acquisition is aimed at increasing production capacity ahead of needs, with a focus on synergy with existing facilities [28][30] Question: Availability of aircraft engine assets - Management noted that there is a significant supply of older aircraft being sold by lessors, which presents opportunities for acquisition [35][36] Question: Treatment of SCI in financials - The 19% equity portion of SCI will be reflected in the equity income line and will also generate servicing revenue [40][41] Question: Guidance for 2026 - Management expects growth in both volume and margins, driven by new and existing customer orders [68][70] Question: Management and performance fees for SCI - The asset management fee is market-based, typically around 1% or higher, with incentive compensation tied to performance [76][77] Question: Long-term partnerships and margin impact - Management anticipates continued growth in partnerships, with margins expected to improve to 40% next year [84][86]

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $297.4 million for Q3 2025, a 28% increase from $232 million in Q3 2024, and consistent with Q2 2025 results after excluding one-time benefits [17][18] - Adjusted EBITDA from the aerospace product segment was $180.4 million, with a margin of 35%, up 77% year-over-year [17][18] - Year-to-date, the company generated $638 million in positive free cash flow, on track to meet the revised goal of $750 million for 2025 [12][15] Business Line Data and Key Metrics Changes - Aerospace products segment delivered $180 million in adjusted EBITDA, reflecting strong global demand for pre-built engines and modules [7][18] - The leasing segment posted approximately $134 million in adjusted EBITDA, with pure leasing component at $122 million for Q3 [19] - The company refurbished 207 CFM56 modules in Q3, a 13% increase from the previous quarter, and is on track to produce 750 modules in 2025 [8][11] Market Data and Key Metrics Changes - The company anticipates a total business segment EBITDA of $1.525 billion in 2026, up from the original estimate of $1.4 billion [16] - The aerospace products segment is expected to achieve EBITDA of $1 billion in 2026, significantly higher than the $650 to $700 million projected for 2025 [15][16] Company Strategy and Development Direction - The company successfully closed on the final round of equity commitments for its Strategic Capital Initiative (SCI), increasing total equity capital to $2 billion, with a target to deploy over $6 billion in capital through the partnership [4][5] - The company aims to achieve a 25% market share in the engine aftermarket maintenance sector in the coming years [8] - The acquisition of ATOPS for approximately $15 million is expected to enhance production capacity and operational efficiency [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth trajectory, emphasizing the strong demand for engine exchanges and the benefits of the Maintenance Repair Exchange (MRE) model [6][34] - The company expects to see margins grow to over 40% in the aerospace products segment next year, driven by optimized parts procurement and repair strategies [12][15] - Management highlighted the importance of maintaining a disciplined approach to capital allocation, focusing on high-impact growth initiatives [14][15] Other Important Information - The company announced an increase in the quarterly dividend from $0.30 to $0.35 per share, marking the 42nd dividend as a public company [14] - The company is actively pursuing investments in high-impact growth initiatives, with a focus on expanding margins and differentiating product offerings [13][14] Q&A Session Summary Question: Financial implications of the upsizing of SCI - Management indicated that the upsizing will accelerate growth under SCI, potentially increasing its contribution to aerospace products volume from 20% to 25% [24][25] Question: Details on the ATOPS acquisition - The ATOPS acquisition is aimed at increasing production capacity ahead of needs, with the main facility in Florida expected to process 150 modules [26][27] Question: Availability of aircraft engine assets - Management noted that there is a significant supply of older aircraft being sold by lessors, which presents opportunities for acquisition [31][32] Question: Treatment of SCI in financials - The 19% equity portion of SCI will be reflected in the equity income line and will contribute to adjusted EBITDA in the leasing segment [35][36] Question: Insights on the V2500 program - The company is halfway through its commitment to the V2500 program, with strong demand expected to continue [80]

FTAI AVIATION Q3 2025 Earnings Supplement OCTOBER 2025 Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation." The information contained on, or accessible through, any websites included in this Presentation is not incorporated by reference into, and should not be considered a part of, this Presentation. FORWARD-LOOKING S ...

Core Viewpoint - Wohl & Fruchter LLP has renewed its investigation into the fairness of Air Lease Corporation's proposed sale at $65.00 per share, which is below the previously set target price of $72.00 per share by J.P. Morgan analyst Jamie Baker [1][2]. Group 1: Investigation Details - The law firm is investigating potential undisclosed conflicts of interest related to the sale [2]. - The proposed sale price is noted to be at a discount to the book value of Air Lease Corporation [2]. Group 2: Shareholder Information - Air Lease shareholders questioning the fairness of the sale price are encouraged to contact Wohl & Fruchter LLP for a discussion of their legal rights at no charge [3].

Core Insights - AerCap Holdings N.V. has signed a seven-year agreement with GE Aerospace to provide lease pool management services for the GE9X engine, extending support for other engines as well [1][2][3] Group 1: Agreement Details - The agreement enhances the partnership between AerCap and GE Aerospace, adding the GE9X engine to AerCap's servicing capabilities [2] - AerCap will manage GE9X shop visit management, lease return coordination, technical services, and lease documentation support [2][3] Group 2: Strategic Importance - The agreement is crucial for ensuring that customers have a robust support network for their 777X fleets when the GE9X enters service [3] - GE Aerospace is investing in capabilities to support GE9X customers, including increasing capacity and enhancing training [3] Group 3: Company Background - AerCap is a global leader in aviation leasing, serving approximately 300 customers worldwide with comprehensive fleet solutions [4] - GE Aerospace has an installed base of around 44,000 commercial and 26,000 military aircraft engines, employing 52,000 people globally [5]

Core Insights - Titan Aviation Leasing has acquired a Boeing 777-300ER aircraft, currently leased to Philippine Airlines, enhancing its asset management capabilities and cash flow stability [1][2][3] Company Overview - Titan Aviation Leasing is a joint venture between Titan Aviation Holdings, Inc. and Bain Capital, focusing on providing dry leasing solutions to airlines globally [4][6] - The company specializes in freighter-centric leasing and offers management services including aircraft acquisitions and lease management [5] Strategic Implications - The acquisition aligns with Titan's long-haul widebody strategy, targeting markets with strong demand for efficient, high-capacity aircraft [2][3] - The Boeing 777-300ER is recognized for its long-range capabilities and operational efficiency, making it a valuable addition to Titan's portfolio [3] Market Position - By acquiring an in-service aircraft from a reputable carrier like Philippine Airlines, Titan strengthens its presence in the Asia-Pacific region and diversifies its customer base [2][3]

Core Viewpoint - AerCap Holdings N.V. will host a conference call and webcast on October 29, 2025, to discuss its third quarter 2025 financial results [1][2]. Company Information - AerCap is a global leader in aviation leasing, serving approximately 300 customers worldwide with comprehensive fleet solutions [4]. - The company is listed on the New York Stock Exchange (AER) and is headquartered in Dublin, with offices in various global locations including Shannon, Memphis, Miami, Singapore, London, Dubai, Shanghai, and Amsterdam [4]. Conference Call Details - The earnings press release for the third quarter 2025 will be released before the U.S. financial markets open on October 29, 2025 [2]. - Investors can access the live call by dialing +1 646-769-9200 (U.S./Canada) or +353 1 553 8798 (International), referencing code 3828911 [3]. - The webcast replay will be available on the company's website for one year [3].

Core Insights - AerCap Holdings N.V. has reported significant business transactions for the third quarter of 2025, highlighting its leadership in aviation leasing and a robust order book [1]. Business Transactions - Signed 66 lease agreements, which include 14 widebody aircraft, 25 narrowbody aircraft, 15 engines, and 12 helicopters [3]. - Completed 35 purchases for 17 aircraft, including 8 Airbus A320neo Family aircraft and 9 Boeing 737 MAX aircraft, along with 11 engines and 7 helicopters [3]. - Executed 45 sale transactions for 40 aircraft, which include various models from the Airbus and Boeing families, as well as 4 engines and 1 helicopter [3]. - Received cash insurance settlement proceeds of approximately €203 million and was awarded about $234 million in interest related to assets lost in Russia in 2022 [3]. - Repurchased approximately 8.2 million shares at an average price of $119.95 per share, totaling around $981 million [3]. - Declared a quarterly cash dividend of $0.27 per share on ordinary shares [3]. Company Overview - AerCap is recognized as the global leader in aviation leasing, serving around 300 customers worldwide with comprehensive fleet solutions [1]. - The company is listed on the New York Stock Exchange and is headquartered in Dublin, with multiple offices globally [1].