FTAI Aviation Announces Secondary Offering of Ordinary Shares
May 28 2024 - 3:05PM
FTAI Aviation Ltd. (NASDAQ: FTAI; “FTAI Aviation” or the “Company”)
announced today the commencement of a public offering of 2,090,561
ordinary shares being offered by FIG LLC and an employee of FIG LLC
(the “Selling Shareholders”). The underwriter may offer the shares
from time to time for sale in one or more transactions on the
Nasdaq Global Select Market, in the over-the-counter market,
through negotiated transactions or otherwise at market prices
prevailing at the time of sale, at prices relating to prevailing
market prices or at negotiated prices. The Company will not receive
any proceeds from the sale of the shares by the Selling
Shareholders.
Citigroup is acting as sole underwriter for the offering.
The offering will be made pursuant to the Company’s effective
shelf registration statement filed with the Securities and Exchange
Commission (the “SEC”). The offering will be made only by means of
a prospectus and a related prospectus supplement. Prospective
investors should read the prospectus supplement and the prospectus
in that registration statement and other documents the Company has
filed or will file with the SEC for more complete information about
the Company and the offering. You may obtain these documents for
free by visiting EDGAR on the SEC’s website at www.sec.gov.
Alternatively, copies of the prospectus supplement and the
prospectus may be obtained from Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel:
800-831-9146).
This press release does not constitute an offer to sell or the
solicitation of an offer to buy ordinary shares, nor shall there be
any sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such
jurisdiction.
ABOUT FTAI AVIATION
FTAI owns and maintains commercial jet engines with a focus on
CFM56 and V2500 engines. FTAI’s propriety portfolio of products,
including The Module Factory and a joint venture to manufacture
engine PMA, enables it to provide cost savings and flexibility to
our airline, lessor, and maintenance, repair, and operations
customer base. Additionally, FTAI owns and leases jet aircraft
which often facilitates the acquisition of engines at attractive
prices. FTAI invests in aviation assets and aerospace products that
generate strong and stable cash flows with the potential for
earnings growth and asset appreciation.
FORWARD-LOOKING STATEMENTS
Certain statements in this press release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including, but not
limited to, statements relating to the offering and the Selling
Shareholders’ intent to consummate the offering. These statements
are based on management’s current expectations and beliefs and are
subject to a number of trends and uncertainties that could cause
actual results to differ materially from those described in the
forward-looking statements, many of which are beyond the Company’s
control. The Company can give no assurance that its expectations
will be attained and such differences may be material. Accordingly,
you should not place undue reliance on any forward-looking
statements contained in this press release. For a discussion of
some of the risks and important factors that could affect such
forward-looking statements, see the sections entitled “Risk
Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” in the Company’s most recent
Annual Report on Form 10-K and Quarterly Reports on Form 10-Q,
which are available on the Company’s website
(www.ftaiaviation.com). In addition, new risks and uncertainties
emerge from time to time, and it is not possible for the Company to
predict or assess the impact of every factor that may cause its
actual results to differ from those contained in any
forward-looking statements. Such forward-looking statements speak
only as of the date of this press release. The Company expressly
disclaims any obligation to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with regard
thereto or change in events, conditions, or circumstances on which
any statement is based.
Source: FTAI Aviation Ltd. Alan AndreiniInvestor RelationsFTAI
Aviation Ltd.(646) 734-9414aandreini@fortress.com
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