Jan. 22 at 5:28 PM
$FTAI Power Play Update
Morgan Stanley dinner with FTAI mgmt highlights FTAI Power, the industrial aeroderivative turbine initiative:
1 year in the works: 12–14 Power engineers + 100 CFM56 engineers optimizing parts
Conversion: CFM56 jet → industrial turbine (removes fan, adds gearbox & generator, runs on natural gas/diesel)
Economics:
$25M revenue/turbine, ~35% EBITDA margins, ~
$17M conversion costs vs
$1.75M engine cost → strong upside
Ramp: First units 2H26, 100 units/yr by 2027
Go-to-market: Sell, lease w/service, or Power Purchase Agreements
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