FTAI Aviation Ltd.

FTAI Aviation Ltd. Reports Strong Third Quarter 2026 Performance and Announces $500.0 Million Accelerated Share Repurchase

FTAI Aviation reported Q3 2026 revenue of $977.7 million, up roughly 47% year-over-year, with net income attributable to shareholders of $149.1 million, up 26.8% sequentially. Aerospace Products drove the quarter with revenue of $910.0 million, up 76% YoY, and a 31% Adjusted EBITDA margin in line with guidance; the Mod-1 power unit cleared critical testing milestones ahead of first deliveries next year. The Board doubled the share repurchase authorization to $1.0 billion and the company will execute a $500 million accelerated share repurchase with Royal Bank of Canada, expected to complete in Q4 2026. The company reaffirmed 2026 and 2027 Adjusted EBITDA guidance across all business lines and declared a $0.50 quarterly dividend per ordinary share.

•10d ago

FTAI and United Airlines Expand Engine Exchange Program to CFM56-7B

FTAI Aviation announced a multi-year Maintenance, Repair and Exchange agreement with United Airlines covering designated CFM56-7B engines, extending a relationship that began with United's V2500-powered fleet. Under the program, FTAI delivers serviceable engines ahead of United's scheduled removals and purchases the unserviceable engines in exchange, adding them to its inventory as feedstock for its MRO network. CEO Joe Adams called United's adoption of the exchange program a meaningful endorsement; the deal expands FTAI's aftermarket footprint on the widely flown CFM56-7B, though no financial terms were disclosed.

•1mo ago

FTAI Acquires 27 Boeing 737-700 Aircraft from WestJet

FTAI Aviation announced the acquisition of 27 Boeing 737-700 aircraft from WestJet, one of its largest aircraft transactions to date. FTAI's 2026 SPV — the second Strategic Capital vehicle — acquired 17 of the aircraft on lease to WestJet in a sale-leaseback, while FTAI took 10 off-lease aircraft to supply its Aerospace Products business. The off-lease aircraft expand the company's pool of CFM56-7B engines and modules for Maintenance, Repair and Exchange customers. The deal showcases the flywheel between Strategic Capital ownership and Aerospace Products aftermarket revenue.

•1mo ago

GMF and FTAI Strengthen Collaboration in Engine Maintenance Business Across Asia-Pacific

FTAI Aviation strengthened its strategic collaboration with Indonesia's GMF, securing guaranteed engine and APU maintenance capacity across Asia-Pacific for the next five years. The deal initially covers CFM56-5B and CFM56-7B engines and GTCP131-9 series APUs, with plans to expand into deeper module and piece-part repair and next-generation CFM LEAP engines. FTAI President David Moreno said committed engine volumes put maintenance capacity closer to a large and growing share of FTAI's customer base, supporting faster turnaround times.

•1mo ago

FTAI Aviation Announces $500 Million Share Repurchase Program

FTAI Aviation's board authorized a new share repurchase program under which the company may buy back up to $500 million of its outstanding ordinary shares. Repurchases can run through the earlier of program completion or September 30, 2029, will be funded with cash on the balance sheet, and may be executed via open-market purchases, privately negotiated transactions, block trades, or Rule 10b5-1 plans. The program is discretionary: it obligates no particular repurchase amount, and the company may suspend, modify, or discontinue it at any time without notice.

•1mo ago

FTAI Closes $2.0 Billion Warehouse Financing Facility for Strategic Capital's Second Investment Vehicle

FTAI closed a $2.0 billion warehouse financing facility for its 2026 SPV, expandable to $3.0 billion through a $1.0 billion accordion feature. The syndicated facility with 13 financial institutions will fund the acquisition of mid-life 737NG and A320ceo aircraft, leveraging FTAI's engine maintenance capabilities. This closing brings total warehouse financing raised by Strategic Capital vehicles to $5.5 billion in less than two years, while the inaugural 2025 SPV has committed approximately $6.0 billion across over 300 aircraft.

•2mo ago

FTAI Aviation Ltd. Reports Second Quarter 2026 Results, Increases Dividend to $0.50 per Ordinary Share

FTAI reported Q2 2026 revenue of $953.1 million, driven by a 78% year-over-year surge in Aerospace Products revenue to $875.0 million. The company announced a $1.465 billion customer contract for FTAI Power and introduced 2027 segment Adjusted EBITDA guidance of $2.3 billion, while increasing its quarterly dividend to $0.50 per share. Management updated 2026 Aviation Leasing guidance down from $575 million to $475 million to reflect a strategic shift to an asset-light business model, while reaffirming $1.05 billion in guidance for Aerospace Products.

•3mo ago

FTAI Announces $1.465 Billion Gas Turbine Generator Set Order Through J&F Power Systems

FTAI Aviation's joint venture J&F Power Systems signed a $1.465 billion initial order to supply Mod-1 mobile gas turbine generator sets to a leading cloud service provider. The equipment will be delivered through November 2027 and accounts for a substantial portion of FTAI Power's targeted 2027 Mod-1 unit deliveries. A five-year master agreement supports the order, allowing the customer to issue additional purchase orders to expand the relationship.

•3mo ago

FTAI Aviation and AEI Announce Strategic Collaboration to Meet Growing Demand for Boeing 737-800 Freighters

FTAI Aviation partnered with Aeronautical Engineers, Inc. (AEI) to provide a cost-effective Boeing 737-800 freighter solution, combining FTAI's engine maintenance capabilities with AEI's cargo conversion expertise. The collaboration targets the constraint in narrowbody freight growth by offering lower-cycle engines customized for cargo economics, effectively extending the lifecycle of FTAI's CFM56 platform. AEI brings significant scale to the partnership with over 130 Supplemental Type Certificates and 625+ modified aircraft, addressing the installed base of nearly 6,000 Boeing 737-800s globally.

•4mo ago

FTAI Aviation Prices Inaugural Asset-Backed Securitization

FTAI Aviation priced its inaugural asset-backed securitization, FTAI MRE 2026-1, consisting of $612 million in notes backed by 48 narrowbody aircraft on-lease to 23 airlines. The notes received investment-grade ratings, with Series A expected to be rated A by Fitch and KBRA, and Series B rated BBB+ by Fitch, reflecting strong investor demand and oversubscription. This transaction marks a key milestone for FTAI’s Strategic Capital vehicle, which holds $2.0 billion in equity commitments and owns 292 aircraft, diversifying the company’s financing sources beyond traditional balance sheet debt.

•5mo ago

FTAI Upsizes Revolving Credit Facility to Over $2 Billion

FTAI Aviation amended and extended its revolving credit facility to April 2031, significantly increasing total commitments from $400 million to $2.025 billion. The oversubscribed facility represents a record size for the company and was led by JPMorgan Chase Bank alongside a syndicate of major global banks. CFO Nicholas McAleese noted that the increased size and improved pricing terms will lower borrowing costs and support the company's growth objectives.

•6mo ago