NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) — FTAI Aviation Ltd. (Nasdaq: FTAI; FTAI Aviation or the Company) today announced the issuance of 2,090,561 shares of common stock by Fig LLC and an employee The underwritten public offering of shares was priced for gross proceeds to Fig LLC (the selling shareholder) of approximately $171,426,002. The underwriters may sell shares from time to time in one or more transactions on the Nasdaq Global Select Market, over the counter, in negotiated transactions or otherwise at market prices at the time of the sale. Price related. The offering is expected to close on May 30, 2024, subject to customary closing conditions. The Company will not receive any proceeds from the sale of shares by the selling shareholder.
Citigroup is serving as the exclusive underwriter for the offering.
The offering is being made pursuant to an effective shelf registration statement filed by the Company with the Securities and Exchange Commission (SEC). The offering is being made only by means of a prospectus and related prospectus supplement. Potential investors should read the prospectus supplement, the prospectus contained in the registration statement and other documents the Company has filed or will file with the SEC to obtain more complete information about the company and the offering. You can obtain these documents free of charge by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus supplement and prospectus may be obtained from Citigroup (c/o) Broadridge Financial Solutions (NYSE: ), 1155 Long Island Avenue, Edgewood, NY 11717 (phone: 800-831-9146).
This press release shall not constitute an offer to sell or the solicitation of an offer to buy our common 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 registration. Qualifications under the securities laws of such jurisdictions.
About Futai Airlines
FTAI owns and maintains commercial injection engines, with a focus on the CFM56 and V2500 engines. FTAI’s proprietary portfolio, which includes module factories and joint ventures to manufacture engines PMA, enables it to deliver cost savings and flexibility to our airline, lessor and maintenance, repair and operations customer base. Additionally, FTAI owns and leases jets, which often facilitates the purchase of engines at attractive prices. FTAI invests in aviation assets and aerospace products that can generate strong and stable cash flows and have the potential for profitable 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, without limitation, statements relating to this offering and the selling stockholders’ intentions to consummate this 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 exceed The company’s scope of control. The Company can give no assurance that its expectations will be achieved, 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 may affect such forward-looking statements, please see the table in the section 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 Quarterly reports on Form 10-Q are available on the Company’s website (www.ftaiaviation.com). In addition, new risks and uncertainties arise from time to time, and it is not possible for the Company to predict or assess the impact of every factor that could 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 therewith or changes in events, conditions or circumstances on which any statement is based.
Source: FTAI Aviation Ltd. Alan Andreini Investor Relations FTAI Aviation Ltd. (646) 734-9414aandreini@fortress.com
Source: FTAI Aviation Ltd.
