FTAI Aviation has reported net income of $32.973 million and $145.218 million adjusted EBITDA for the third quarter 2023. The company declared a cash dividend on FTAI’s ordinary shares of $0.30 per share for the quarter ended September 30, 2023, payable on November 28, 2023.
Additionally, on October 25, 2023, the Board declared cash dividends on FTAI’s Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares, Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares, Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares and Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares of $0.51563, $0.50000, $0.51563 and $0.59375 per share, respectively, for the quarter ended September 30, 2023, payable on December 15, 2023 to the holders of record on December 1, 2023.
During the period, FTAI Aviation booked $107.1 million in aerospace products revenue generating $40.6 million of Adjusted EBITDA at a 38% margin.
The company sold 41 modules in the third quarter to 11 unique customers including two new customers, and generated $492 million year to date positive free cashflow available for asset acquisition & investment activity. FTAI Aviation also closed deals for 23 engines and 10 aircraft at attractive prices to help generate future growth in Aviation Leasing Adjusted EBITDA.