On October 6, FTAI AVIATION LTD rose 6.7% in regular trading, reaching $175.735 with turnover of $112 million. The movement was driven by the company's recent acceleration in asset acquisitions and Asia-Pacific engine maintenance cooperation, reinforcing expectations for capital returns and earnings growth.
The company announced on September 28 that it had acquired 27 Boeing 737-700 aircraft from WestJet. Under the deal, 17 aircraft were acquired via a sale-leaseback arrangement with WestJet to retain lease cash flow, while the remaining 10 off-lease aircraft were allocated to its Aerospace Products business. The acquisition strengthens FTAI's leasing portfolio and expands feedstock for its parts and maintenance activities.
Additionally, on September 23, FTAI expanded its engine maintenance partnership with PT Garuda Maintenance Facility Aero Asia in the Asia-Pacific region. The collaboration secures guaranteed maintenance capacity over the next five years for CFM56-5B and CFM56-7B engines and GTCP131-9 series auxiliary power units. This capacity expansion supports the company's power segment growth and improves visibility on MRO throughput.
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