FTAI Aviation Ltd. Reports Q4 2024 Financial Results and Announces Maintenance Capacity Expansion

Summary

FTAI Aviation Ltd. reported financial results for Q4 and full year 2024, with net income attributable to shareholders of $86.7 million for Q4 2024. The company also announced an agreement to acquire a 50% ownership stake in IAG Engine Center Europe, forming a joint venture to be rebranded as QuickTurn Europe. The joint venture is expected to add capacity to maintain 450 modules per year and is expected to close in the first half of 2025.