FTAI - Mergers and acquisitions

NEW YORK, Dec. 30, 2025 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ:FTAI, the "Company")) today announced the launch of FTAI Power, a new platform focused on converting CFM56 engines to power turbines built to provide the most flexible, cost efficient and scaled solution for delivering reliable energy to data centers globally. FTAI is uniquely positioned as one of the largest aftermarket maintenance providers and owners of the CFM56 engine to bring a new power turbine to the market with production expected to begin in 2026. "The CFM56 engine market is the largest and most reliable in the world, making it an ideal candidate for aeroderivative conversion which will further extend the eng

Palantir (NASDAQ:PLTR), a leading provider of AI software, and FTAI Aviation Ltd. (NASDAQ:FTAI), a global leader in aircraft engine maintenance, today announced a multi-year strategic partnership, which will allow FTAI to leverage Palantir's Artificial Intelligence Platform ("AIP") across FTAI's global maintenance footprint. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251117324507/en/ Through this partnership, Palantir's AIP is helping FTAI transform productivity and reduce manufacturing costs by improving maintenance scheduling and inventory optimization across FTAI's operations worldwide. This includes transforming its inte

NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ:FTAI) announces the sale of its remaining offshore energy vessels, the Pioneer and the Pride, for approximately $143 million. FTAI is continuing to focus on its core business of providing power for the aftermarket of the two largest commercial engine programs, the CFM56 and the V2500. Cautionary Note Regarding Forward-Looking Statements This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by the use of forward-looking words such as "outlook," "believes," "expects," "potential," "continues,"

NEW YORK and MIAMI, Dec. 01, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ:FTAI) announced its full ownership stake in QuickTurn Engine Center ("QuickTurn") following its acquisition of Unical Aviation Inc.'s 50% interest. Owning 100% of QuickTurn is expected to give FTAI tighter integration over the development and delivery of The Module Factory™ products and services. QuickTurn's commitment to delivering industry-leading turnaround times aligns seamlessly with FTAI's engine module maintenance strategy and further strengthens FTAI's ability to produce, service and test CFM56-7B/5B engines. "We extend our thanks to Unical for a year of invaluable partnership. Acquiring complete own

NEW YORK and MIAMI, Jan. 04, 2023 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ:FTAI), Unical Aviation Inc. ("Unical") and iAero Thrust LLC ("iAero Thrust") today announced that FTAI and Unical have completed the acquisition of substantially all of the assets of iAero Thrust, the only hospital maintenance and testing facility in the Americas dedicated to the CFM56 engine. The acquired assets and facilities are based in Miami and will be rebranded QuickTurn Engine Center ("QuickTurn"). QuickTurn's mission will be to deliver industry leading turnaround times for light shop visits by utilizing serviceable modules and used serviceable material. At full capacity, QuickTurn is expected to su

NEW YORK, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NASDAQ:FTAI), a Delaware limited liability company ("FTAI" or the "Company") announced today that it had entered into a definitive agreement to merge with a subsidiary of FTAI Finance Holdco Ltd., a Cayman Islands exempted company and subsidiary of the Company, with FTAI surviving the merger and becoming a wholly-owned subsidiary of FTAI Finance Holdco Ltd. Following the completion of the merger, FTAI Finance Holdco Ltd. will be named FTAI Aviation Ltd. ("FTAI Aviation"). The transaction is being completed as part of the Company's plan to eliminate its partnership tax classification. The s

NEW YORK, Aug. 01, 2022 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP) ("FTAI Infrastructure") announced today that it has successfully completed its spin-off from Fortress Transportation and Infrastructure Investors LLC ("FTAI") on August 1, 2022. Starting on August 2, 2022, FTAI Infrastructure will begin trading on the Nasdaq under the ticker symbol "FIP" and FTAI will resume trading under the ticker symbol "FTAI". Holders of FTAI common shares as of the record date of July 21, 2022 and through the distribution date of August 1, 2022, and those who purchased FTAI common shares on the "regular-way" market after the close of business on the record date and up to and including th

NEW YORK, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NASDAQ:FTAI) ("FTAI") announced today that it has successfully completed the spin-off of FTAI Infrastructure Inc. ("FTAI Infrastructure") on August 1, 2022. Starting on August 2, 2022, FTAI Infrastructure will begin trading on the Nasdaq under the ticker symbol "FIP" and FTAI will resume trading under the ticker symbol "FTAI". Holders of FTAI common shares as of the record date of July 21, 2022 and through the distribution date of August 1, 2022, and those who purchased FTAI common shares on the "regular-way" market after the close of business on the record date and up to and including thr

NEW YORK, July 12, 2022 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (("FTAI", NASDAQ:FTAI) announced today that its Board of Directors has approved the details and timing of the spin-off of its infrastructure business. The spin-off will establish FTAI's infrastructure business as an independent, publicly traded company called FTAI Infrastructure Inc. ("FTAI Infrastructure"). The spin-off will be effected as a distribution of all of the shares owned by FTAI of common stock of FTAI Infrastructure, a majority-owned subsidiary of FTAI, to the holders of FTAI common shares as of the record date. The distribution is expected to occur on August 1, 2022, subject t

NEW YORK, April 13, 2022 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the "Company") today announced it will transfer its common shares listing from the New York Stock Exchange (NYSE) to The Nasdaq Global Select Market. The Company expects that its common shares will commence trading as a Nasdaq-listed security on April 26, 2022 and will continue to be listed under the ticker symbol "FTAI" after the transfer. The Company expects that its preferred shares will also transfer to Nasdaq and trade under ticker symbols FTAIP, FTAIO, and FTAIN. "Transferring to Nasdaq aligns with our growth strategy and we believe our shareholders will benefit from Na

NEW YORK, March 21, 2022 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) today announced that its 2021 Schedule K-1 tax packages are available online. FTAI shareholders may access their Schedule K-1 tax packages at www.taxpackagesupport.com/FTAI or by visiting the Investor Center section of FTAI's website at www.ftandi.com. The mailing of 2021 Schedule K-1 tax packages will commence before March 31, 2022. For additional information, shareholders may call FTAI Tax Package Support toll free at (855) 225-9906. About Fortress Transportation and Infrastructure Investors LLC Fortress Transportation and Infrastructure Investors LLC owns and acquires hig

Engine maintenance optimization by smart.lifeInclusive of Engine Overhauls and Mobile Engine ServicesLufthansa Technik's unprecedented collaboration with FTAI AviationThe exclusive seven-year program begins in January 2023 to support WestJet's fleet of CFM56-7B engines. NEW YORK, Feb. 07, 2022 (GLOBE NEWSWIRE) -- WestJet has awarded its CFM56-7B engine maintenance program to Lufthansa Technik. This agreement provides WestJet with access to a wide range of services including overhaul capabilities and on-site maintenance support. Under a separate agreement, Lufthansa Technik has collaborated with FTAI Aviation LLC ("FTAI Aviation"), a subsidary of Fortress Transportation and Infrastructure

NEW YORK, Dec. 27, 2021 (GLOBE NEWSWIRE) -- FTAI Aviation, a wholly owned subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) is pleased to announce the closing of the first 9 of 19 aircraft under a sale and leaseback transaction with Aerovías del Continente Americano S.A. Avianca ("Avianca"). The remaining aircraft are expected to close subject to customary closing requirements by the end of February 2022. "We are excited to partner with Avianca once again," said Joe Adams, FTAI's Chairman and Chief Executive Officer. "Our differentiated approach to aircraft leasing provides Avianca with a lower total cost of ownership." "FTAI has become one of our most tr

NEW YORK, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) today announced that it has confidentially submitted with the U.S. Securities and Exchange Commission (SEC) a Form 10 registration statement with respect to the potential spin-off of its infrastructure business. FTAI believes that, if completed, the potential spin-off would allow each company to more effectively pursue its distinct operating priorities, strategies and capital allocation policies, while also allowing shareholders to separately evaluate and value the companies based on their distinct markets, strategies and performance. If FTAI proceeds with the spin-off, it wou

NEW YORK, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (FTAI:NYSE), and UK green-tech company, Clean Planet Energy, have today announced the formation of a joint venture partnership to develop Clean Planet Energy USA ("Clean Planet USA") ecoPlants in key North American markets. The first Clean Planet USA ecoPlant is under development at FTAI's Repauno Port & Rail Terminal ("Repauno") in Gibbstown, New Jersey. The ecoPlant will convert non-recyclable waste plastics into ultra-clean fuels and oils, and circular-naphtha to support the manufacture of new plastics. Clean Planet USA ecoPlants are green recycling facilities that can process waste pla

NEW YORK, Nov. 11, 2021 (GLOBE NEWSWIRE) -- FTAI Aviation, a wholly owned subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI), is pleased to announce the closing of the sale leaseback of the majority of 16 aircraft with Aircraft Purchase Company No. 12 Limited (a company of Alitalia group) and novation to Italia Trasporto Aereo S.p.A ("ITA Airways"), and the remaining closings are expected shortly. The 16 A320 family aircraft are all CFM56-5B powered and the leases upon closing will have an average remaining term of 36 months. FTAI Aviation will provide engine management services to cover the maintenance of the engines during the life of the lease terms. Afte

Company's New Platform Advances Lessor's Digital Transformation, Providing Unparalleled Convenience and Efficiency to Airline Customers LeaseWorks®, a leading provider of cloud-based solutions and support services to the aviation industry, kicking off its presence at the ISTAT EMEA conference held in Edinburgh, U.K., announced the launch customer, FTAI Aviation, a subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI), for its recently rolled out Aeris Portal™. The new software product that digitally transforms the ways in which lessors collaborate and exchange information with customers is being deployed to enhance FTAI Aviation's customer interaction through

Wood Dale, Sept. 29, 2021 (GLOBE NEWSWIRE) -- AAR (NYSE:AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, and Fortress Transportation and Infrastructure Investors (NYSE:FTAI) announced a joint initiative associated with their CFM56-5B and -7B partnership to help customers achieve industry-wide sustainability goals aimed at reducing CO2 emissions in international aviation. Every year, jet engine maintenance results in a significant monetary and environmental cost for the industry. FTAI and AAR's new initiative highlights the environmental benefits of recycling serviceable material and affords customers a path to reduce their overall carbo

NEW YORK, Sept. 29, 2021 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) and AAR CORP. (NYSE:AIR) announce a joint initiative associated with their CFM56-5B and -7B partnership to help customers achieve industry-wide sustainability goals aimed at reducing CO2 emissions in international aviation.   Every year, jet engine maintenance results in a significant monetary and environmental cost for the industry. FTAI and AAR's new initiative highlights the environmental benefits of recycling serviceable engine material and affords customers a path to reduce their overall carbon footprint. FTAI and AAR will together contribute a percentage of all used ser

NEW YORK, July 22, 2021 (GLOBE NEWSWIRE) -- Jefferson Energy Companies ("Jefferson Energy"), a subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI), is pleased to announce it has entered into a new contract to expand terminal services to ExxonMobil Oil Corporation, a wholly owned subsidiary of Exxon Mobil Corporation (("ExxonMobil", NYSE:XOM). Jefferson Energy is constructing approximately 1.9 million barrels of new storage capacity at the Jefferson Energy terminal and five connecting pipelines between the ExxonMobil Beaumont refinery and Jefferson Energy terminal that will increase utilization of its existing marine infrastructure. The engineering and constr

NEW YORK, June 29, 2021 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI, the ", Company", ))) plans to announce its financial results for the second quarter 2021 after the closing of the New York Stock Exchange on Wednesday, July 28, 2021. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, www.ftandi.com. In addition, management will host a conference call on Thursday, July 29, 2021 at 8:00 A.M. Eastern Time. The conference call may be accessed by dialing (877) 447-5636 (from within the U.S.) or (615) 247-0080 (from outside of the U.S.) ten minutes prior to the scheduled

NEW YORK, May 25, 2021 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) and Jefferson Energy Companies ("Jefferson Energy") are pleased to announce the successful completion of the Paline pipeline interconnection project. This project consisted of constructing approximately five miles of new 10-inch pipeline connecting the Paline pipeline into the Jefferson Energy terminal. The interconnection allows for ratable and efficient light crude oil pipeline movements from Cushing, Oklahoma to the Jefferson Energy terminal in Beaumont, Texas. As a result, numerous light grades of crude oil originating from the most prolific production basins in North America

NEW YORK, April 29, 2021 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the "Company" or "FTAI") today reported financial results for the first quarter 2021. The Company's consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release. Financial Overview (in thousands, except per share data) Selected Financial ResultsQ1'21 Net Cash Used in Operating Activities$(48,932) Net Loss Attributable to Shareholders$(34,540) Basic and Diluted Loss per Common Share$(0.40)    Funds Available for Distribution ("FAD") (1)$14,407  Adjusted EBITDA(1)$47,154   _______________________________

NEW YORK, April 12, 2021 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) and Jefferson Energy Companies ("Jefferson Energy") are pleased to announce the successful completion of the Southern Star pipeline project. This project consists of a 24-inch crude oil pipeline connecting the Jefferson Energy terminal to the Motiva Port Neches terminal in Port Neches, TX. The Southern Star pipeline allows for ratable and efficient oil pipeline movements between the two locations and provides pipeline throughput capacity up to 288,000 barrels per day of light and heavy crude oil. Through premium design engineering and construction techniques, the pipeline can f

NEW YORK, March 30, 2021 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI; the "Company") plans to announce its financial results for the first quarter 2021 after the closing of the New York Stock Exchange on Thursday, April 29, 2021. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, www.ftandi.com. In addition, management will host a conference call on Friday, April 30, 2021 at 8:00 A.M. Eastern Time. The conference call may be accessed by dialing (877) 447-5636 (from within the U.S.) or (615) 247-0080 (from outside of the U.S.) ten minutes prior to the scheduled start

NEW YORK, March 22, 2021 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (“NYSE:FTAI”) today announced that its 2020 Schedule K-1 tax packages are available online. FTAI shareholders may access their Schedule K-1 tax packages at www.taxpackagesupport.com/FTAI or by visiting the Investor Center section of FTAI’s website at www.ftandi.com. The mailing of 2020 Schedule K-1 tax packages will commence before March 31, 2021. For additional information, shareholders may call FTAI Tax Package Support toll free at (855) 225-9906. About Fortress Transportation and Infrastructure Investors LLC Fortress Transportation and Infrastructure Investors LLC owns and acquires

NEW YORK, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the “Company” or “FTAI”) today reported financial results for the quarter and full year ended December 31, 2020. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release. Financial Overview (in thousands, except per share data)  Selected Financial ResultsQ4’20 FY20Net Cash Provided by Operating Activities$34,713  $63,106 Net Loss Attributable to Shareholders$(60,523) $(105,039)Basic and Diluted Loss per Common Share$(0.70) $(1.24)        Funds Available for Distribution (“FAD”) (1)$54,216  $237,41

NEW YORK, Feb. 22, 2021 (GLOBE NEWSWIRE) -- In a release issued under the same headline on Monday, February 22nd, 2021 by Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI), please note that the third paragraph including a quote has been removed altogether. The corrected release follows: Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) and Jefferson Energy Companies (“Jefferson Energy”) are pleased to announce the successful completion of its Cross Channel Pipelines project. This project consists of six pipelines connecting the Jefferson Energy terminal to the ExxonMobil (NYSE:XOM) Beaumont refinery and allows for ratable and efficient pipeline move

NEW YORK, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) and Jefferson Energy Companies (“Jefferson Energy”) are pleased to announce the successful completion of its Cross Channel Pipelines project. This project consists of six pipelines connecting the Jefferson Energy terminal to the ExxonMobil (NYSE:XOM) Beaumont refinery and allows for ratable and efficient pipeline movements of both refined products and crude oil between the two locations. Barge traffic on the Neches River and at the Jefferson Energy terminal will be reduced, allowing for new, incremental marine opportunities to be developed. Following the appropriate pipeline com

GIBBSTOWN, N.J., Jan. 21, 2021 (GLOBE NEWSWIRE) -- Repauno Port & Rail Terminal, located along the Delaware River in Gibbstown, New Jersey, announced today that Harry J. (Hank) Alexander has been named Chief Executive Officer. In addition, the facility has successfully received and loaded its first Liquified Petroleum Gas marine vessel, utilizing a new state of the art rail-to-ship loading system. Repauno Port & Rail Terminal is a subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI). Mr. Alexander brings more than 25 years of industry experience to the position, having most recently served as Senior Vice President of Commercial Operations for Energy Tran

NEW YORK, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the “Company” or “FTAI”) announced today the early settlement of its previously announced cash tender offer to purchase up to $300 million aggregate principal amount (the “Maximum Tender Amount”) of its 6.75% senior notes due 2022 (the “Notes”), upon the terms and conditions included in the Offer to Purchase, dated December 9, 2020 (the “Offer to Purchase”). The table below identifies, among other things, the aggregate principal amount of Notes validly tendered and not validly withdrawn as of 5:00 p.m., New York City time, on December 22, 2020 (the “Early Tender Deadline”),

NEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the “Company” or “FTAI”) announced today the early tender results of its previously announced cash tender offer to purchase up to $300 million aggregate principal amount (the “Maximum Tender Amount”) of its 6.75% senior notes due 2022 (the “Notes”), upon the terms and conditions included in the Offer to Purchase, dated December 9, 2020 (the “Offer to Purchase”). As of 5:00 p.m., New York City time, on December 22, 2020 (the “Early Tender Deadline”), the aggregate principal amount of Notes that have been validly tendered and not validly withdrawn was $613,401,000, representing

NEW YORK, Dec. 09, 2020 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the “Company” or “FTAI”) announced today that it has commenced a cash tender offer to purchase up to $300 million of its 6.75% senior notes due 2022 (the “Notes”). Information related to the Notes and the tender offer is set forth in the table below. SecurityCUSIP Nos.ISINsOutstandingPrincipalAmountMaximumTenderAmount (1)EarlyTenderDeadlineTender OfferConsideration (2)EarlyTenderPayment (3)TotalConsideration (2)(4)6.75%Senior Notes due 202234960PA A9 /U3458LA A9US34960PAA93 /USU3458LAA99$700,000,000$300,000,0005:00 p.m., New York City time, December 22, 2020$986.00$30.00$1,016

Wood Dale, Dec. 03, 2020 (GLOBE NEWSWIRE) -- AAR (NYSE: AIR), a leading provider of aviation services, and Fortress Transportation and Infrastructure Investors (NYSE: FTAI) announced an agreement to create Serviceable Engine Products, an exclusive seven-year CFM56 used serviceable material (“USM”) partnership. The partnership will build USM inventory for the global aviation aftermarket and FTAI’s own consumption at The Module Factory™, a dedicated commercial maintenance center focused on modular repair and refurbishment of CFM56-7B and CFM56-5B engines. Through its worldwide network, AAR will manage the teardown, repair, marketing and sales of spare parts from FTAI’s CFM56 engine pool to

NEW YORK, Dec. 03, 2020 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) announced an agreement with AAR CORP. (NYSE: AIR) to create Serviceable Engine Products, an exclusive seven-year CFM56 used serviceable material (“USM”) partnership. The partnership will build USM inventory for the global aviation aftermarket and FTAI’s own consumption at The Module Factory™, a dedicated commercial maintenance center focused on modular repair and refurbishment of CFM56-7B and CFM56-5B engines. Through its worldwide network, AAR will manage the teardown, repair, marketing and sales of spare parts from FTAI’s CFM56 engine pool totaling over 200 engines and growin