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Earnings Call Summary | FTAI Aviation(FTAI.US) Q1 2024 Earnings Conference

Futu News ·  Apr 27 04:59  · Conference Call

The following is a summary of the FTAI Aviation Ltd. (FTAI) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • FTAI Aviation reported a strong Q1 2024, with an adjusted EBITDA of $164.1 million, up from the previous quarter and year on year.

  • The Leasing segment contributed a significant part of the EBITDA, with $98 million from pure leasing components.

  • The Aerospace Products segment also had an excellent quarter, with EBITDA of $70.3 million.

Business Progress:

  • Strong growth is expected for Q2 due to high demand for assets and commencement of the Northern Hemisphere summer season. Leasing EBITDA of $425 million is projected for the year.

  • The Aerospace Products segment saw extensive customer engagement, and their recent V2500 engine program is successfully expanding offerings.

  • FTAI Aviation is anticipating growth through their agreement with LATAM and plans for engine inventory expansion.

  • They are also exploring growth opportunities in Southeast Asia with either a new facility or partnerships.

More details: FTAI Aviation IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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