FTAI Aviation Announces Internalization, Terminates Management and Advisory Agreement
FTAI Aviation Ltd. (FTAI)
Last ftai aviation ltd. earnings: 4/30 04:15 pm
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Source: GlobeNewswire
NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ: FTAI) (“FTAI” or the “Company") announced today it has entered into definitive agreements providing for the internalization of the Company’s management operations. Internalization Agreement Under the Internalization Agreement, the Company and FIG LLC (the “Manager”) have terminated the Management and Advisory Agreement, dated July 31, 2022 (the “Management Agreement”), and the Services and Profit Sharing Agreement, dated November 10, 2022 (the “Services and Profit Sharing Agreement”), effective as of May 28, 2024 (the “Effective Date”). In connection with the termination of the Management Agreement, the Company has agreed to (i) pay the Manager $150 million in cash; (ii) pay the Manager all accrued but not yet paid compensation and reimbursable expenses due under the Management Agreement and/or the Services and Profit Sharing Agreement, as well as certain other expenses; and (iii) issue to the Manager 1,866,949
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FTAI
News
- FTAI Aviation Ltd. (NYSE: FTAI) is now covered by analysts at Jefferies Financial Group Inc.. They set a "buy" rating and a $120.00 price target on the stock.MarketBeat
- FTAI Aviation Ltd. Announces Timing of Second Quarter 2024 Earnings and Conference CallGlobeNewswire
- FTAI Aviation Announces Early Tender Results for its 9.750% Senior Notes Due 2027 [Yahoo! Finance]Yahoo! Finance
- FTAI Aviation Announces Early Tender Results for its 9.750% Senior Notes Due 2027GlobeNewswire
- FTAI Aviation Announces Extension of Early Tender Deadline for its 9.750% Senior Notes Due 2027GlobeNewswire
FTAI
Earnings
- 4/25/24 - Miss
FTAI
Sec Filings
- 6/17/24 - Form 8-K
- 6/3/24 - Form 4
- 6/3/24 - Form 4
- FTAI's page on the SEC website