NEW YORK - FTAI Aviation Ltd. (NASDAQ: FTAI), a company specializing in owning and leasing commercial jet engines and aircraft, has initiated a public offering of 2,090,561 ordinary shares. These shares are being offered by FIG LLC and an employee of FIG LLC, referred to as the Selling Shareholders.
The shares will be sold through various means, including on the Nasdaq Global Select Market, over-the-counter transactions, and potentially through negotiated deals. Prices will be based on the prevailing market rates or through negotiations. It is important to note that FTAI Aviation will not gain any proceeds from this offering; all proceeds will go to the Selling Shareholders.
Citigroup is the sole underwriter for this offering. Interested investors are advised to consult the prospectus supplement, along with the prospectus included in the company's shelf registration statement filed with the Securities and Exchange Commission (SEC), for more detailed information about FTAI Aviation and the public offering. These documents can be accessed for free on the SEC's website or obtained from Citigroup.
FTAI Aviation's portfolio includes a focus on CFM56 and V2500 engines, and the company also invests in aviation assets and aerospace products. The company aims to generate stable cash flows and seeks potential for earnings growth and asset appreciation through its investments.
It should be noted that certain statements in the press release regarding the offering are forward-looking and are subject to various risks and uncertainties. These may affect the actual results and are often beyond the company's control. As such, these forward-looking statements should not be relied upon as guarantees of future performance.
This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities, and no sales will be made in jurisdictions where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
The information for this article is based on a press release statement by FTAI Aviation Ltd.
InvestingPro Insights
As FTAI Aviation Ltd. (NASDAQ: FTAI) launches its public offering, potential investors may be keen to understand the company's financial health and market position. According to InvestingPro data, FTAI Aviation boasts a robust market capitalization of $8.49 billion, highlighting its significant presence in the industry. The company's revenue growth has been impressive, with a 32.49% increase over the last twelve months as of Q1 2024, reflecting its ability to expand its financial base in a competitive market.
Investors might find the company's P/E ratio of 39.79 to be a point of interest, especially when considering the adjusted P/E ratio of 36.01 for the same period. This metric is particularly relevant as it provides insight into the company's valuation and potential for investment. Furthermore, FTAI's gross profit margin stands at 49.19%, underscoring the company's efficiency in managing its cost of goods sold and maintaining profitability.
Among the numerous InvestingPro Tips available, two notable mentions include FTAI's perfect Piotroski Score of 9, which suggests strong financial health, and the fact that analysts are anticipating sales growth in the current year, which could signal continued success for the company. The full range of InvestingPro Tips, which includes additional insights such as earnings revisions and profitability predictions, can be accessed at https://www.investing.com/pro/FTAI. For readers looking to delve deeper into these metrics, use the coupon code PRONEWS24 to get an extra 10% off a yearly or biyearly Pro and Pro+ subscription. With 18 additional InvestingPro Tips listed, subscribers can gain a comprehensive understanding of FTAI's market position and potential for growth.
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