Maintenance, repair and exchange (MRE) provider FTAI Aviation has launched a strategic capital initiative in collaboration with third-party institutional investors.
The first partnership under this initiative will focus on acquiring 737NG and A320ceo aircraft, with expectations to deploy over $3 billion in capital annually.
The strategic capital initiative, along with its related partnerships, will allow FTAI to maintain an asset-light business model while the partnerships actively acquire on-lease narrowbody aircraft at scale.
In conjunction with the launch, FTAI has agreed to sell 46 on-lease narrowbody aircraft to the first partnership of the strategic capital initiative for an estimated net purchase price of $549 million.
Additionally, FTAI expects 2025 adjusted EBITDA of approximately $1.1 to $1.15 billion from its reportable segments, comprised of approximately $500 million from aviation leasing and approximately $600 to $650 million from aerospace products.