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Stock impact report

FTAI Aviation Ltd. and LATAM Airlines Group S.A. Engineer Perpetual Power Program

FTAI Aviation Ltd. (FTAI) 
Last ftai aviation ltd. earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ftandi.com
Company Research Source: GlobeNewswire
NEW YORK and SANTIAGO, Chile, April 25, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI) announces the successful execution of a Perpetual Power Agreement with LATAM Airlines Group S.A. (LATAM). The agreement provides LATAM with a comprehensive engine power solution comprising both CFM56 and V2500 engines, leveraging FTAI’s expertise in Maintain, Repair and Exchange (MRE), through an engine exchange program and a sale and lease transaction for over 30 aircraft. This program is designed to offer LATAM cost savings and flexibility by avoiding shop visits through engine exchanges, enhancing operational efficiency and reducing maintenance downtime for LATAM’s fleet. David Moreno, Senior Executive at FTAI Aviation, stated, “This agreement with LATAM underscores FTAI’s ability to collaborate on customer-focused solutions. Our goal is to offer LATAM maximum flexibility as they decide on aircraft retirements or additions, leveraging on our expertise on CFM and V2500 engines.” S Show less Read more
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