You might also like
FTAI Aviation Ltd. is a company that specializes in acquiring, managing, and disposing of transportation and transportation-related equipment assets. The company operates primarily in the aviation sector, focusing on leasing aviation equipment and developing aerospace products. FTAI sells aviation equipment assets, such as aircraft and engines, and manufactures aftermarket components for aircraft engines.
- Aerospace Products - Develops and manufactures aftermarket components for aircraft engines, supporting the aviation industry by providing essential parts and services for aircraft engines .
- Aviation Leasing - Acquires aviation equipment assets, such as aircraft and engines, and leases them to companies that provide transportation services, offering long-term contractual cash flow with high cash-on-cash yields .
- Lease Income - Generates revenue through leasing aviation equipment to transportation service providers .
- Maintenance Revenue - Provides maintenance services for aviation equipment, contributing to the company's revenue stream .
- Asset Sales Revenue - Involves selling aviation equipment assets, contributing to the company's overall revenue .
- Other Revenue - Includes additional revenue streams that complement the company's main business activities .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Joseph P. Adams, Jr. ExecutiveBoard | Chairman and CEO | Chairman of FTAI Infrastructure Inc. (Nasdaq: FIP); Managing Director at Fortress Investment Group | Extensive experience in private equity, investment banking, and transportation industries; first Executive Director of the Air Transportation Stabilization Board in 2002. | View Report → |
Kenneth J. Nicholson ExecutiveBoard | Director | CEO and President of FTAI Infrastructure Inc. (Nasdaq: FIP) | Extensive expertise in credit, private equity finance, and management; focuses on transportation, infrastructure, and energy industries. | |
Eun (Angela) Nam Executive | CFO and Chief Accounting Officer | None provided | Former KPMG LLP auditor; Interim Chief Accounting Officer at Drive Shack Inc.; joined FTAI as Chief Accounting Officer in 2018 and became CFO in 2022. | |
A. Andrew Levison Board | Director | Director at Ferrellgas Partners, L.P. (NYSE: FGP) and Stationhead, Inc.; Advisory board member at NYU Langone Orthopedics Hospital. | Founder of Levison & Co.; extensive experience in leveraged finance and investment banking. | |
Judith A. Hannaway Board | Director | Director at FTAI Infrastructure Inc. (Nasdaq: FIP) | Former Managing Director at Scudder Investments; extensive experience in investment product development and transportation equipment leasing. | |
Martin Tuchman Board | Director | CEO of the Tuchman Group; Head of Kingstone Capital V; Director at Princeton Bancorp, Inc. (Nasdaq: BPRN) | Co-founder of Interpool, Inc. and founder of Trac Lease; extensive experience in container leasing, shipping, and banking. | |
Paul R. Goodwin Board | Director | None provided | Former Vice-Chairman and CFO of CSX Corporation; extensive experience in transportation and finance industries; served on multiple public company boards. | |
Ray M. Robinson Board | Director | Non-Executive Chairman of Citizens Trust Bank; Director at PROG Holdings, Inc. (NYSE: PRG) and American Airlines Group Inc. (Nasdaq: AAL); President Emeritus of East Lake Golf Club. | Former President of the Southern Region of AT&T Corporation; extensive experience in sales, marketing, and civic leadership. |
-
Given the significant margin expansion in your Aerospace Products segment, surpassing your historical 35% target, how sustainable are these margins in the face of potential cost increases or market changes, and what specific factors could pressure these margins going forward?
-
As you rely heavily on sourcing run-out engines for your business model, how are you addressing the risks of tighter supply and higher acquisition costs in the current market, and can this affect your ability to maintain margins and growth targets?
-
With your ambitious capital management plans involving significant investments in engine acquisitions and facility expansions, how do you plan to balance these investments with your goal of maintaining leverage ratios within your target range of 3x to 3.5x debt to EBITDA?
-
Considering that you currently serve only about one-sixth of the potential operator base for your module factory services, what are the key barriers preventing further market penetration, and how do you plan to overcome competitive challenges to significantly increase your market share?
-
Given the potential delays in material procurement and repair services due to global supply chain disruptions, how might extended lead times impact your throughput and margins, and what strategies are you implementing to mitigate these supply chain risks?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Lockheed Martin Commercial Engine Solutions (LMCES) | 2024 | FTAI Aviation acquired a 526,000‑square‑foot aircraft engine maintenance repair facility in Montréal for $170.0 million cash to bolster its Maintenance, Repair, and Exchange business and to establish permanent engine and module manufacturing capabilities; the deal was accounted for as a business combination with preliminary fair value adjustments and additional transaction expenses noted. |
QuickTurn | 2023 | FTAI Aviation made a $19.5 million investment for a 50% stake in QuickTurn, a hospital maintenance and testing facility specializing in CFM56 engines, including critical assets like an independent test cell; this strategic move supports its vertical integration within engine maintenance and module swaps despite early operational losses. |
Recent press releases and 8-K filings for FTAI.
- Robust Q1 Performance: Adjusted EBITDA reached $268.6 million with strong contributions from leasing and aerospace segments, reflecting significant growth compared to prior periods .
- Strategic Growth & Guidance: FTAI emphasized a production ramp-up, targeted $650 million in free cash flow for 2025, and aims to reduce net leverage to around 3x EBITDA by year-end to support further shareholder-friendly initiatives .
- Dividend Announcement: Declared its 40th public dividend and 55th consecutive dividend of $0.30 per share, payable on May 23, 2025 .
- Board Expansion: Increased board size to seven members with the appointment of Shyam Gidumal as an independent Class II director effective May 7, 2025 .
- Compensation Details: Mr. Gidumal will serve on the Audit Committee with $75,000 base compensation, an additional $12,500 fee for Audit Committee service (pro-rated), plus restricted stock units valued at $145,000 .
- FTAI Aviation Ltd. reported strong Q1 2025 financial performance with a net income attributable to shareholders of $89.9 million and earnings per share of approximately $0.88 (basic).
- The Board declared a cash dividend of $0.30 per ordinary share, payable in May 2025.