M&A - FTAI Aviation Ltd.

Form Type: 8-K

Filing Date: 2024-12-30

Corporate Action: Acquisition

Type: New

Accession Number: 000114036124050598

Filing Summary: On December 30, 2024, FTAI Aviation Ltd. announced the entry into an Aircraft Sale and Purchase Agreement with its consolidated subsidiaries for the sale of certain aircraft to specific Buyers, including FTAI Aircraft Leasing Ireland (2025) DAC, FTAI Aircraft Leasing Bermuda (2025) Ltd., and FTAI Aircraft Leasing US (2025) LLC. The agreement involves the acquisition of 46 on-lease 737NG and A320ceo aircraft for a total net purchase price of approximately $549 million, expected to close by the end of the second quarter of 2025, subject to various customary conditions. The company also launched a strategic capital initiative, the 2025 Partnership, aimed at acquiring these aircraft in collaboration with third-party institutional investors. This partnership will be the primary buyer of the aircraft, ensuring that the company provides management services and also holds a minority investment in the initiative. Furthermore, all associated engines will be powered by FTAI’s Maintenance, Repair and Exchange services under one or more contracts. The press release related to this announcement also includes initial financial guidance for fiscal year 2025.

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