FTAI Aviation Increases Sale/Leaseback Activity for Airlines
What happened
FTAI Aviation is conducting more sale/leaseback transactions as airlines look for cash infusions to support guaranteed asset availability arrangements. David Moreno stated on a recent earnings call that this activity is rising. The company is building a stable of midlife aircraft to lease out and subsequently part out.
From aviationweek.com
Why it matters
FTAI Aviation is utilizing its engine-swap program and financing options to help airlines secure liquidity. Sale/leasebacks accounted for 40% of commitments in the first two investor-backed special purpose vehicles, and this percentage is expected to continue rising.
David Moreno, Norges Bank, and Geode Capital Management have recently made moves regarding FTAI Aviation, which is listed on NASDAQ.
From aviationweek.com
Who's involved
- David MorenoPresident of FTAI Aviation, discussing increased liquidity generation through financing offerings
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The entities involved
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Joe Adams
American gridiron football player (born 1989)
Nothing else this week.
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David Moreno
American (born 1957)