FTAI Aviation Ltd. (NASDAQ: FTAI)

FTAI Aviation Ltd. operates as a leading independent engine maintenance platform, specializing in the CFM56-5B, CFM56-7B, and V2500 aircraft engines that power the 737NG and A320ceo aircraft. The company is headquartered in the Cayman Islands and is listed on the Nasdaq under the ticker symbol FTAI. FTAI Aviation focuses on repairing and rebuilding engines through its maintenance facilities and joint venture partners, selling or leasing these engines to airlines and asset owners globally. The company's primary business model revolves around the Maintenance, Repair, and Exchange (MRE) model, which is reported under its Aerospace Products segment.

FTAI Aviation generates revenue through the sale and lease of engines via its proprietary MRE model. The company's primary products include the CFM56-5B, CFM56-7B, and V2500 aircraft engines, as well as aftermarket components. Additionally, FTAI Aviation offers engine, module, and parts sales through a dedicated commercial maintenance program. The company's customer base consists of airlines and asset owners who require reliable and efficient engine maintenance and leasing solutions.

• Aerospace Products: This segment focuses on the development, manufacturing, repair, and sale of aircraft engines and aftermarket components, primarily for the CFM56-7B, CFM56-5B, and V2500 commercial aircraft engines. The segment operates through maintenance facilities and joint ventures, including a 25% interest in the Advanced Engine Repair JV. The company also launched FTAI Power, a platform aimed at converting CFM56 engines to power turbines. The Aerospace Products segment caters to airlines and asset owners seeking high-quality engine maintenance and leasing solutions.

• Aviation Leasing: As of December 31, 2025, the Aviation Leasing segment managed a portfolio of 290 aviation assets, including 47 commercial aircraft and 243 engines. The segment generates revenue through leasing these assets to operators and other third parties. The company's aircraft and engines have weighted average remaining lease terms of 44 months and 38 months, respectively. The Aviation Leasing segment caters to global operators of transportation networks and industrial companies, providing them with reliable leasing options for aircraft and engines.

FTAI Aviation holds a strong position within the aviation industry, competing with traditional aviation companies, commercial and investment banks, and non-traditional participants such as hedge funds and private equity funds. The company's competitive advantages include its significant industry experience, a network of relationships with senior executives at lessors and operators, and a diverse mix of high-quality aviation assets. These advantages enable FTAI Aviation to make successful acquisitions and actively manage and improve operations and cash flows of its existing and newly acquired assets.

The company's customers and lessees primarily consist of global operators of transportation networks and industrial companies, including airlines. FTAI Aviation maintains ongoing relationships and discussions with its customers and lessees, seeking to have consistent dialogue to monitor their needs and quality. The company's revenue has historically been derived from a small number of customers and lessees, but it does not believe that it is dependent upon any particular customer or lessee. FTAI Aviation's ability to re-lease or resell assets at similar terms following the loss of any such lessee or customer further strengthens its position in the industry.