Mon, Mar 3, 10:08 PM (53 days ago)
**FTAI Aviation Ltd. (FTAI) 2024 10-K Summary** FTAI Aviation Ltd. reported total revenues of $1,734,901,000 for the fiscal year ending December 31, 2024, a significant increase from $1,170,896,000 in 2023. Key revenue drivers included aerospace products revenue, which surged to $1,079,821,000, primarily due to increased sales of CFM56 engines and modules. However, net income attributable to shareholders was a loss of $32,079,000, impacted by a $300,000,000 internalization fee and higher interest expenses of $221,721,000. The company’s total assets stood at $4,037,952,000 with a total debt of $3,440,478,000, reflecting a robust financial condition despite challenges. FTAI's strategic initiatives include a new Strategic Capital Initiative aimed at acquiring 737NG and A320ceo aircraft, leveraging partnerships for an asset-light model. Risks include geopolitical tensions affecting operations, particularly in Russia, and fluctuating economic conditions impacting cash flows. The internalization of management is expected to enhance operational efficiency, while the company continues to navigate a competitive landscape in aviation leasing and aerospace products. Looking ahead, FTAI aims to capitalize on growth opportunities while managing its debt and maintaining liquidity.