FTAI Aviation Announces Sale of Offshore Energy Vessels, Continuing Focus on Providing Power for the Aftermarket
December 03 2024 - 3:15PM
FTAI Aviation Ltd. (Nasdaq: FTAI) announces the sale of its
remaining offshore energy vessels, the Pioneer and the Pride, for
approximately $143 million. FTAI is continuing to focus on its core
business of providing power for the aftermarket of the two largest
commercial engine programs, the CFM56 and the V2500.
Cautionary Note Regarding Forward-Looking Statements
This communication contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. You can identify these forward-looking statements by the use
of forward-looking words such as “outlook,” “believes,” “expects,”
“potential,” “continues,” “may,” “will,” “should,” “could,”
“seeks,” “approximately,” “predicts,” “intends,” “plans,”
“estimates,” “anticipates,” “target,” “projects,” “contemplates” or
the negative version of those words or other comparable words. Any
forward-looking statements contained in this communication are
based upon our historical performance and on our current plans,
estimates and expectations in light of information currently
available to us. The inclusion of this forward-looking information
should not be regarded as a representation by us that the future
plans, estimates or expectations contemplated by us will be
achieved. Such forward-looking statements are subject to various
risks and uncertainties and assumptions relating to our operations,
financial results, financial condition, business, prospects, growth
strategy and liquidity. Accordingly, there are or will be important
factors that could cause our actual results to differ materially
from those indicated in these statements, including, but not
limited to, the risk factors set forth in Item 1A. “Risk Factors”
of FTAI’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2023 and FTAI’s Quarterly Reports on Form 10-Q, as
updated by annual, quarterly and other reports FTAI files with the
SEC.
For further information, please contact:
Alan AndreiniInvestor RelationsFTAI Aviation Ltd.(646)
734-9414aandreini@fortress.comIR@ftaiaviation.com
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