- Business
- FTAI Aviation Ltd. (NASDAQ: FTAI), founded in 2011 and headquartered in New York, New York, owns, acquires, leases, manages and sells aviation assets worldwide, including commercial aircraft and engines, with a focus on CFM56 and V2500 powerplants; it operates through Aviation Leasing and Aerospace Products segments, where Aviation Leasing manages 421 assets as of December 31, 2024, comprising 109 aircraft and 312 engines, and Aerospace Products develops, manufactures, repairs, refurbishes and sells engines and aftermarket components for commercial jet engines via maintenance facilities, equity investments and exclusivity arrangements, including proprietary Module Factory products and a joint venture for engine PMA parts serving airlines, lessors and MRO customers; the company maintains operations across the United States, United Arab Emirates, Ireland, United Kingdom and Canada. In December 2024, FTAI Aviation launched its Strategic Capital Initiative partnering with third-party institutional investors to pursue an asset-light model, selling 46 on-lease 737NG and A320ceo aircraft for $549 million to the inaugural partnership targeting $3 billion+ annual deployments, while expanding SCI commitments to $2 billion for 375 aircraft by mid-2026; recent developments include ATOPS acquisition, Prime Engine Accessories joint venture for enhanced MRO capacity, and extension of exclusive serviceable engine products agreement with AAR Corp.