Jul. 14 at 7:01 PM
$FTAI long
Citi initiated a 90-day catalyst watch, anticipating Parts Manufacturer Approval for FTAI’s CFM56 modules within three months. Final approval would increase volumes, boost aerospace EBITDA and free cash flow—potentially a major upside trigger
A manufacturing partnership with Chromalloy has already secured approval on 2 of 5 components, with a third pending. Scaling this could save ~
$2 million per engine overhaul. With ~500 engine services annually, this margin enhancement could meaningfully lift earnings
FTAI’s
$4 billion initiative—collaborating with Apollo and OneIM to buy aircraft, then lease and maintain engines—could significantly expand engine servicing volume and overall pipeline profitability
