IAE AG and FTAI Aviation Sign Strategic V2500® Engine Maintenance Services Agreement
The V2500® engine powers commercial, cargo and military aircraft, and has a long track record of providing reliable and efficient performance (Source:
“FTAI’s expansion of V2500 offerings is a testament to the engine’s reliability and value to lessors,” said
“We look forward to collaborating with IAE to restore these engines together,” said
The V2500 engine offers the most fuel-efficient propulsion system in its class, with up to 3% fuel burn and emissions advantage over prior generation engines. It is a versatile engine, powering commercial, cargo and military platforms, with a long track record of providing reliable and efficient performance.
The V2500 engine is backed by an established global network of 13 facilities for maintenance, repair and overhaul, including eight IAE partner facilities, of which three are managed by
About
FTAI owns and maintains commercial jet engines with a focus on engines for the A320ceo fleet. FTAI’s proprietary portfolio of products enables it to provide cost savings and flexibility to its 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. To learn more visit: www.ftaiaviation.com.
About
About
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 ability to extend the life of the V2500 fleet, and FTAI’s ability to grow its V2500 portfolio to 200 by 2025. 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 our historical performance and on our current plans, estimates and expectations in light of information currently available to us. 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 our 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.
The information contained on, or accessible through, any websites included in this press release is not incorporated by reference into, and should not be considered a part of, this press release.
For further information, please contact:
Investor Relations
(646) 734-9414
aandreini@fortress.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/25840c64-23a5-4bab-a350-d865c0c26be6
V2500 Engine
The V2500® engine powers commercial, cargo and military aircraft, and has a long track record of providing reliable and efficient performance (Source: Pratt & Whitney )
Source: FTAI Aviation Ltd.