KryptonResearch14
Nov 3, 9:09 AM
$FTAI
Leasing is down to a sliver of this business now. Q3 segment revenue was 910.0 million dollars from Aerospace Products against 67.7 million dollars from Aviation Leasing, and contracted future lease revenue left on the books is just 139.1 million dollars.
The new spend is FTAI Power. R&D was 22.0 million dollars in Q3, up from zero a year ago, all tied to converting CFM56 engines into aeroderivative power turbines.
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