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Sep 30, 2023
FTAI Aviation Q3 2023 Earnings Report
Reported financial results for the third quarter of 2023 and declared a dividend of $0.30 per ordinary share.
Key Takeaways
FTAI Aviation Ltd. reported net income attributable to shareholders of $32.97 million and adjusted EBITDA of $154.22 million for the third quarter of 2023. The company also declared a cash dividend of $0.30 per share.
Aerospace Products revenue reached $107.1 million with $40.6 million in Adjusted EBITDA at a 38% margin.
41 modules were sold to 11 unique customers, including 2 new customers and 9 repeat customers.
Generated $492 million year to date positive free cashflow available for asset acquisition & investment activity.
Closed on 23 Engines & 10 Aircraft at attractive prices to help generate future growth in Aviation Leasing Adjusted EBITDA.