Latest news with #JoeAdams
Yahoo
5 days ago
- Automotive
- Yahoo
FTAI Aviation Ltd. Announces Closing of QuickTurn Europe Joint Venture
Joint Venture Will Increase FTAI's Global Maintenance Capacity by Approximately 40% NEW YORK and ROME, June 05, 2025 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (Nasdaq: FTAI) ('FTAI' or the 'Company') today announced that it has closed its previously announced acquisition of a 50% ownership stake in IAG Engine Center Europe S.r.l. ('IAG Engine Center'), an Italian company operating a 200,000 square-foot CFM56 engine maintenance repair and overhaul facility located at the Rome Fiumicino Airport, which has been rebranded Quick Turn Engine Center Europe S.r.l., or 'QuickTurn Europe.' Highlights of the joint venture include: Adds third owned and managed CFM56 engine shop to FTAI Aviation network, complementing existing facilities in Montréal and Miami Increases FTAI's module maintenance capacity by 450 modules (150 engines) per year, representing a 33% increase to FTAI's current capacity of 1,350 modules (450 engines) State-of-the-art CFM56 engine test-cell Expects to quickly ramp up production, with piece-part repair capabilities anticipated to be operational in second half of 2025 'Our joint venture with IAG Engine Center marks a milestone in our expansion into Europe and our overall maintenance capabilities,' said Joe Adams, CEO of FTAI Aviation. 'QuickTurn Europe's robust repair capabilities will provide expanded maintenance, repair, and exchange (MRE) services to FTAI's global customer base in a critical geographic location, ensuring increased efficiency and reliability for our customers. With this additional capacity at the internationally leading Rome Fiumicino Airport, one of Europe's most important, innovative, and fastest growing airports, we are excited about the growth opportunities ahead as we help support airlines in their long-term maintenance needs.' 'The partnership with FTAI will optimize operations at the facility, enabling faster, more efficient services to airlines across Europe. We are excited to continue to innovate and bring additional value to airlines and asset owners around the world,' said Mauricio Luna, CEO of IAG Engine Center. 'FTAI's investment further strengthens the Rome Fiumicino Airport's position as a key player in the global aviation ecosystem,' said Ivan Bassato, Chief Aviation Officer of Aeroporti di Roma (ADR). 'Rome Fiumicino Airport's central location and connectivity make it an ideal hub for providing just-in-time engine maintenance services. With this significant industrial investment, we expect hundreds of new skilled jobs will be created as QuickTurn Europe grows, with a very positive and direct impact for the economy of the cities of Fiumicino and Rome, the region Lazio and all of Italy.' The integration of QuickTurn Europe with FTAI's current maintenance capabilities in Montréal and Miami will help address the strong demand from the Company's global customer base. In total, the joint venture operating at full capacity brings FTAI's maintenance capacity to 1,800 CFM56 modules and over 600 engine tests annually. About FTAI Aviation Ltd. FTAI owns and maintains commercial jet engines with a focus on CFM56 and V2500 engines. FTAI's propriety portfolio of products, including the Module Factory and a joint venture to manufacture engine PMA, enables it to provide cost savings and flexibility to our airline, lessor, and maintenance, repair, and operations customer base. Additionally, FTAI owns and leases jet aircraft which often facilitates the acquisition of engines at attractive prices. FTAI invests in aviation assets and aerospace products that generate strong and stable cash flows with the potential for earnings growth and asset appreciation. About IAG Engine Center Europe Located at Rome Fiumicino Airport, IAG Engine Center Europe specializes in the maintenance, repair, and overhaul (MRO) of CFM56-5B and CFM56-7B engines. The facility features extensive piece-part repair capabilities and includes a state-of-the-art test cell. Situated at one of Europe's busiest airports, which serves 91 airlines and approximately 50 million passengers annually, IAG Engine Center Europe benefits from Fiumicino's unparalleled connectivity across Europe. Cautionary Note Regarding Forward-Looking Statements This communication contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, the timing for the piece-part repair capabilities to become operational, and the expected number of new jobs to be created as QuickTurn Europe ramps up. You can identify these forward-looking statements by the use of forward-looking words such as 'outlook,' 'believes,' 'expects,' 'potential,' 'continues,' 'may,' 'will,' 'should,' 'could,' 'seeks,' 'approximately,' 'predicts,' 'intends,' 'plans,' 'estimates,' 'anticipates,' 'target,' 'projects,' 'contemplates' or the negative version of those words or other comparable words. Any forward-looking statements contained in this communication are based upon FTAI's historical performance and on its current plans, estimates and expectations in light of information currently available to it. The inclusion of this forward-looking information should not be regarded as a representation by us that the future plans, estimates or expectations contemplated by us will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business, prospects, growth strategy and liquidity. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in these statements, including, but not limited to, the risk factors set forth in Item 1A. 'Risk Factors' of FTAI's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and FTAI's Quarterly Reports on Form 10-Q, as updated by annual, quarterly and other reports FTAI files with the SEC. Contacts Investors Alan AndreiniInvestor Relations, FTAI Aviation Ltd.(646) 734-9414aandreini@ Media Tim Lynch / Aaron Palash / Kelly SullivanJoele Frank, Wilkinson Brimmer Katcher(212) 355-4449Sign in to access your portfolio
Yahoo
5 days ago
- Automotive
- Yahoo
FTAI Aviation Ltd. Announces Closing of QuickTurn Europe Joint Venture
Joint Venture Will Increase FTAI's Global Maintenance Capacity by Approximately 40% NEW YORK and ROME, June 05, 2025 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (Nasdaq: FTAI) ('FTAI' or the 'Company') today announced that it has closed its previously announced acquisition of a 50% ownership stake in IAG Engine Center Europe S.r.l. ('IAG Engine Center'), an Italian company operating a 200,000 square-foot CFM56 engine maintenance repair and overhaul facility located at the Rome Fiumicino Airport, which has been rebranded Quick Turn Engine Center Europe S.r.l., or 'QuickTurn Europe.' Highlights of the joint venture include: Adds third owned and managed CFM56 engine shop to FTAI Aviation network, complementing existing facilities in Montréal and Miami Increases FTAI's module maintenance capacity by 450 modules (150 engines) per year, representing a 33% increase to FTAI's current capacity of 1,350 modules (450 engines) State-of-the-art CFM56 engine test-cell Expects to quickly ramp up production, with piece-part repair capabilities anticipated to be operational in second half of 2025 'Our joint venture with IAG Engine Center marks a milestone in our expansion into Europe and our overall maintenance capabilities,' said Joe Adams, CEO of FTAI Aviation. 'QuickTurn Europe's robust repair capabilities will provide expanded maintenance, repair, and exchange (MRE) services to FTAI's global customer base in a critical geographic location, ensuring increased efficiency and reliability for our customers. With this additional capacity at the internationally leading Rome Fiumicino Airport, one of Europe's most important, innovative, and fastest growing airports, we are excited about the growth opportunities ahead as we help support airlines in their long-term maintenance needs.' 'The partnership with FTAI will optimize operations at the facility, enabling faster, more efficient services to airlines across Europe. We are excited to continue to innovate and bring additional value to airlines and asset owners around the world,' said Mauricio Luna, CEO of IAG Engine Center. 'FTAI's investment further strengthens the Rome Fiumicino Airport's position as a key player in the global aviation ecosystem,' said Ivan Bassato, Chief Aviation Officer of Aeroporti di Roma (ADR). 'Rome Fiumicino Airport's central location and connectivity make it an ideal hub for providing just-in-time engine maintenance services. With this significant industrial investment, we expect hundreds of new skilled jobs will be created as QuickTurn Europe grows, with a very positive and direct impact for the economy of the cities of Fiumicino and Rome, the region Lazio and all of Italy.' The integration of QuickTurn Europe with FTAI's current maintenance capabilities in Montréal and Miami will help address the strong demand from the Company's global customer base. In total, the joint venture operating at full capacity brings FTAI's maintenance capacity to 1,800 CFM56 modules and over 600 engine tests annually. About FTAI Aviation Ltd. FTAI owns and maintains commercial jet engines with a focus on CFM56 and V2500 engines. FTAI's propriety portfolio of products, including the Module Factory and a joint venture to manufacture engine PMA, enables it to provide cost savings and flexibility to our airline, lessor, and maintenance, repair, and operations customer base. Additionally, FTAI owns and leases jet aircraft which often facilitates the acquisition of engines at attractive prices. FTAI invests in aviation assets and aerospace products that generate strong and stable cash flows with the potential for earnings growth and asset appreciation. About IAG Engine Center Europe Located at Rome Fiumicino Airport, IAG Engine Center Europe specializes in the maintenance, repair, and overhaul (MRO) of CFM56-5B and CFM56-7B engines. The facility features extensive piece-part repair capabilities and includes a state-of-the-art test cell. Situated at one of Europe's busiest airports, which serves 91 airlines and approximately 50 million passengers annually, IAG Engine Center Europe benefits from Fiumicino's unparalleled connectivity across Europe. Cautionary Note Regarding Forward-Looking Statements This communication contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, the timing for the piece-part repair capabilities to become operational, and the expected number of new jobs to be created as QuickTurn Europe ramps up. You can identify these forward-looking statements by the use of forward-looking words such as 'outlook,' 'believes,' 'expects,' 'potential,' 'continues,' 'may,' 'will,' 'should,' 'could,' 'seeks,' 'approximately,' 'predicts,' 'intends,' 'plans,' 'estimates,' 'anticipates,' 'target,' 'projects,' 'contemplates' or the negative version of those words or other comparable words. Any forward-looking statements contained in this communication are based upon FTAI's historical performance and on its current plans, estimates and expectations in light of information currently available to it. The inclusion of this forward-looking information should not be regarded as a representation by us that the future plans, estimates or expectations contemplated by us will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business, prospects, growth strategy and liquidity. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in these statements, including, but not limited to, the risk factors set forth in Item 1A. 'Risk Factors' of FTAI's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and FTAI's Quarterly Reports on Form 10-Q, as updated by annual, quarterly and other reports FTAI files with the SEC. Contacts Investors Alan AndreiniInvestor Relations, FTAI Aviation Ltd.(646) 734-9414aandreini@ Media Tim Lynch / Aaron Palash / Kelly SullivanJoele Frank, Wilkinson Brimmer Katcher(212) 355-4449
Motor 1
09-05-2025
- Automotive
- Motor 1
How Oil Analysis Reveals Your Engine's Secrets
Oil analysis is forensic, like dusting your engine for prints. But instead of looking for clues on whodunnit, Blackstone monitors your engine's health. Send off a quart or so of oil for analysis, and you'll learn a ton. Which is great, because an internal-combustion engine is something of a black box. It's a precision-manufactured device with a ubiquity that hides its inherent complexity. With basic maintenance and frequent oil changing, an engine shouldn't present any problems for tens of thousands of miles, but how do you know that'll be the case? On-board vehicle diagnostics will alert you to bigger problems, but only when they're really obvious, or after it's too late. Looking at the microscopic particles in your oil will tell you more, and much sooner. This article was available exclusively to our newsletter subscribers before it hit the website. Want early access? Sign up below. back Sign up For more information, read our Privacy Policy and Terms of Use . 'The practice itself goes as far back as the 1940s, when oil analysis really came about to help the railroad industry,' says Joe Adams, an analyst and social-media manager with Blackstone Laboratories, the most prominent oil-analysis firm in the US. 'But as time has gone on, it's expanded to literally every application that relies on oil to do its job.' Photo by: Blackstone Laboratories If you work on cars, you might be familiar with Blackstone and its kits. The Indiana company sends out a little black plastic container with a prepaid shipping label taped to the front. Inside, there's a bag with some insulation and a vial for the oil sample, plus paperwork for the customer to fill out. When you're doing an oil change, collect a small sample while the pan drains, package it away, and send the whole kit to Blackstone. A few weeks and $40 later, you get a nice sheet detailing all the elements present (or not) in your oil and information on its properties. It also does analysis on more than engines—basically it'll look at anything that uses oils. A data sheet with just raw numbers probably doesn't mean much to anyone outside of an oil analyst. So Blackstone includes data on how your oil sample compares with other engines of the same type, and a paragraph putting the report into context. 'When people think of Blackstone, I think their mind probably goes to the way in which we help the common man, the person who is wanting to understand this in layman's terms,' Adams says. 'Of course, the business goes to every angle, people who understand, who have a background in chemistry, that's there too, but it's the way in which we can communicate it no matter what your background sets Blackstone apart.' Photo by: AdobeStock The standard analysis process is fairly involved. Adams explains that Blackstone technicians run a spectral analysis, which detects the presence of wear metals and elements that indicate unwanted coolant or dirt in the oil. They then check the viscosity at operating temperature to make sure that's within spec, and they measure flashpoint—the lowest temperature at which the oil ignites—to determine if there's unwanted fuel. You want as high a flashpoint as possible, because a lower flashpoint indicates a greater presence of fuel. Finally, they check for insolubles, 'solids present in the oil,' which Adams says can indicate the health of an oil filter, or if the engine is running too hot. 'From there, an analyst like myself is going to pull up the data,' Adams says. 'We're going to look at where this data is coming from, as far as you know, the sample, who sent it, what are they looking to learn. Any context clue I can latch on to is important as an analyst. That could be helpful in just not only helping you get the answers you want. But so often we have to fill in the blanks by way of folks forgetting to fill out paperwork, or sometimes they're intentionally coy.' Over 40 years, Blackstone has collected a lot of data on engines of all sorts. If it's an engine the company hasn't seen much of, Adams says he'll typically reference whatever similar is out there, whether it's another variant or something that's manufactured similarly. And there are also some things in oil you just don't want to see, no matter what. So even if there aren't many points of comparison, you can still learn a lot. Chromium, for example, is used in piston rings, and if you see an abnormal amount in a low-mile engine, you might be looking at premature ring wear. Photo by: AdobeStock 'I've learned that problems truly crop up before anything is evident on the owner's end… like for example, often we'll detect coolant contamination in a motor. Before I started at Blackstone, all I would've known to do was to see an obvious drop in the reservoir, or see an odd visual appearance that would suggest water. 'Well sure, those two will come to pass when a problem is really bad, but you can catch it way before it gets to that point by looking at the elements that are present.' What's also interesting is what your oil sample says about you. And not just your maintenance habits, but big shifts from one sample to another can indicate life events. Say you send in two oil 5,000-mile oil samples, but the second one has a lot more metal in the oil. Adams says that could be either an indication of a problem, or maybe a switch in how the driver is using their vehicle. 'If it's a truck, maybe they did start towing or hauling during the run. Maybe if you'll see when people move, maybe there's a difference in the daily driving, a lot more stop and go,' Adams says. If the balance of metals in the oil shifts, that's more likely a problem, but if it's just more metal in the same proportions, that probably indicates a change in usage. Blackstone has also learned about oil itself. One important takeaway for a consumer is that you might not need to buy the absolute top-shelf brand. Adams says he recently looked at a study on Walmart-brand Super Tech, Costco-brand Kirkland, and AMSOil and said they all looked identical in terms of additives. Each is certified by the American Petroleum Institute (API), and it shows that at least in terms of additives, you don't need the expensive stuff. What Blackstone does is really like forensics; Its process sheds light on the mysterious. For a lot of people, a Blackstone analysis is probably overkill, so long as you're proactive with maintenance. But what if you buy a used car? How good was the previous owner? What if you do modifications, change your lifestyle? Think of oil analysis like insurance, too. A $40 kit every 5,000 miles could prevent a big, expensive problem much further down the line. More Deep Dives The Mind-Blowing Tech of the Corvette's Michelin All-Season Tires Nissan's Variable-Compression Engine Is a Disappointment Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Yahoo
05-05-2025
- Business
- Yahoo
FTAI Aviation Ltd. to Participate in the Barclays Americas Select Franchise Conference 2025
NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ:FTAI) (the 'Company') today announced that Joe Adams, Chief Executive Officer, will present at the Barclays Americas Select Franchise Conference 2025 at 10:15AM (ET) on Tuesday, May 6, 2025 in London. As part of his presentation, Mr. Adams will discuss, among other items, the information in the below: A detailed walkthrough of FTAI's outlook on Adjusted Free Cashflow for 2025. Expected uses of proceeds for excess cashflows generated throughout the year. FTAI's pivot to an asset-light business model following the launch of the Strategic Capital Initiative. A supplemental presentation relating to the Company's Adjusted Free Cashflow for 2025 has been posted to the Investor Relations section of the Company's website and the webcast will be broadcast live at definitions and reconciliations of non-GAAP measures, please refer to the exhibit to this press release. 2025 Adjusted EBITDA guidance reflects the following assumptions: (i) an average of 100 modules per quarter produced at the Company's Montréal facility in fiscal year 2025, (ii) net Aerospace margins in line with or better than those for fiscal year 2024, and (iii) 25 to 35 V2500 engine MRE transactions for fiscal year 2025. About FTAI Aviation Ltd. FTAI owns and maintains commercial jet engines with a focus on CFM56 and V2500 engines. FTAI's propriety portfolio of products, including the Module Factory and a joint venture to manufacture engine PMA, enables it to provide cost savings and flexibility to our airline, lessor, and maintenance, repair, and operations customer base. Additionally, FTAI owns and leases jet aircraft which often facilitates the acquisition of engines at attractive prices. FTAI invests in aviation assets and aerospace products that generate strong and stable cash flows with the potential for earnings growth and asset appreciation. Cautionary Note Regarding Forward-Looking Statements Certain statements in this press release may constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements related to the Company's 2025 Adjusted EBITDA guidance and related assumptions, 2025 target Adjusted Free Cash Flow, completion of the sales of the Seed Portfolio to SCI and investments and returns in SCI, ability to recycle $300 million of proceeds into attractive Leasing assets, and ability to execute on inventory strategy. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond the Company's control. The Company can give no assurance that its expectations will be attained and such differences may be material. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available on the Company's website ( In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or change in events, conditions, or circumstances on which any statement is based. This release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. Contacts InvestorsAlan AndreiniInvestor RelationsFTAI Aviation Ltd.(646) 734-9414aandreini@ MediaTim Lynch / Aaron Palash / Kelly SullivanJoele Frank, Wilkinson Brimmer Katcher(212) 355-4449 Exhibit – Non-GAAP Financial Statements This press release includes information based on financial measures that are not recognized under U.S. generally accepted accounting principles (GAAP), such as Adjusted EBITDA and Adjusted Free Cash Flow. You should use non‐GAAP information in addition to, and not as an alternative to, financial information prepared in accordance with GAAP. Our non-GAAP measures may not be identical or comparable to measures with the same name presented by other companies. Reconciliations of forward-looking non-GAAP financial measures to their most directly comparable GAAP financial measures are not included in this press release because the most directly comparable GAAP financial measures are not available on a forward-looking basis without unreasonable effort. Adjusted EBITDA is defined as net income (loss) attributable to shareholders, adjusted (a) to exclude the impact of provision for (benefit from) income taxes, equity-based compensation expense, acquisition and transaction expenses, losses on the modification or extinguishment of debt and preferred shares and capital lease obligations, changes in fair value of non-hedge derivative instruments, asset impairment charges, incentive allocations, depreciation and amortization expense, dividends on preferred shares and interest expense, internalization fee to affiliate, (b) to include the impact of our pro-rata share of Adjusted EBITDA from unconsolidated entities and (c) to exclude the impact of equity in earnings (losses) of unconsolidated entities and the non-controlling share of Adjusted EBITDA, if any. Adjusted Free Cash Flow is defined as net operating and investing cashflows adjusted to exclude certain non-recurring expenses, extraordinary items, and other adjustments deemed necessary to present a more accurate reflection of the Company's cash-generating ability. A photo accompanying this announcement is available at
Yahoo
05-05-2025
- Business
- Yahoo
Wall Street Bets Big: FTAI Aviation Poised to Skyrocket 70%--Here's Why Insiders Are Buying In
FTAI Aviation (NASDAQ:FTAI) is turning heads after a wave of bullish signals. Shares soared 10.5% following Stifel's upgrade from Hold to Buy, with a new $123 price target. But the bigger story came after the market closed Friday, when CEO Joe Adams and COO David Moreno bought a combined 9,580 sharesmoves typically signaling deep insider confidence. Benchmark analysts doubled down, reiterating a sky-high $300 target, citing the firm's long-term vision and strong financial footing, including 58.5% revenue growth and a 3.95x current ratio. Warning! GuruFocus has detected 8 Warning Signs with FTAI. Investors didn't ignore the signals. Despite a Q1 earnings miss$0.87 EPS vs. $0.97 expected and a slight revenue shortfallthe company posted a 64% year-over-year surge in Adjusted EBITDA. FTAI also announced a $101 million aerospace transaction and welcomed a new independent director to its board, showing continued strategic execution. Combine this with Adams's history of patient value creation and the $4 billion Strategic Capital Initiative launched in December, and it's clear this isn't a short-term playit's a long runway. The chart tells the story visually. As of May 5, 2025, the average 12-month price target is $166.06, implying a +70.42% upside from the current ~$97 level. Analysts see a wide possible range: the high target stretches to $300, while even the lowest forecast sits at $122.73. GuruFocus gives a more conservative estimated value of $107.65, but the street is far more bullish. For investors betting on leadership conviction, aftermarket strength, and long-term compounders, FTAI Aviation is climbingand may just be clearing the clouds. This article first appeared on GuruFocus.
