Fortress Transportation and Infrastructure Investors LLC (FTAI): Business Model Canvas

Tauchen Sie ein in die dynamische Welt von Fortress Transportation and Infrastructure Investors LLC (FTAI), einem Kraftpaket, das Transport- und Infrastrukturinvestitionen in eine strategische Finanzsymphonie verwandelt. Mit einem diversifiziertes Portfolio FTAI umfasst Vermögenswerte in den Bereichen Schifffahrt, Luftfahrt und Transport und bietet Anlegern eine überzeugende Gelegenheit, auf der Welle des globalen Infrastrukturwachstums mitzureiten. Ihr innovatives Business Model Canvas offenbart einen ausgefeilten Ansatz zur Generierung ertragreicher Renditen, indem es modernste Technologie, fundierte Branchenkenntnisse und ein robustes Netzwerk strategischer Partnerschaften nutzt, die sie an die Spitze von Infrastrukturinvestitionen bringen.

Fortress Transportation and Infrastructure Investors LLC (FTAI) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Partnerschaften mit Eigentümern von Transport- und Infrastrukturanlagen

FTAI unterhält strategische Partnerschaften mit mehreren wichtigen Eigentümern von Transport- und Infrastrukturanlagen:

Partner	Asset-Typ	Einzelheiten zur Partnerschaft
Salbei Midstream	Erdgasinfrastruktur	Eigenkapitalinvestition: 87,3 Millionen US-Dollar
Internationaler Flughafen Miami	Flughafeninfrastruktur	Langfristiger Mietvertrag

Private-Equity-Firmen und Investment-Management-Unternehmen

FTAI arbeitet mit mehreren Investmentgesellschaften zusammen:

• Fortress Investment Group (Muttergesellschaft)
• BlackRock Infrastructure Investment Group
• Infrastrukturpartner von Goldman Sachs

Finanzinstitute, die Kapital und Kreditunterstützung bereitstellen

Finanzinstitut	Kreditfazilität	Betrag
JPMorgan Chase	Revolvierende Kreditlinie	350 Millionen Dollar
Wells Fargo	Laufzeitdarlehen	250 Millionen Dollar

Technologieanbieter für Asset Management und Optimierung

FTAI arbeitet mit Technologieunternehmen zusammen, die auf Infrastrukturmanagement spezialisiert sind:

• IBM Asset Management-Lösungen
• Digitale Infrastruktur von Siemens
• SAP Enterprise Asset Management

Globale Logistik- und Transportdienstleister

Logistikpartner	Leistungsumfang	Partnerschaftswert
Maersk-Linie	Maritime Logistik	Jahresvertrag über 120 Millionen US-Dollar
FedEx-Fracht	Bodentransport	Jahresvertrag über 95 Millionen US-Dollar

Fortress Transportation and Infrastructure Investors LLC (FTAI) – Geschäftsmodell: Hauptaktivitäten

Erwerb und Verwaltung von Vermögenswerten der Verkehrsinfrastruktur

Ab dem vierten Quartal 2023 umfasst das Portfolio von FTAI:

Asset-Kategorie	Gesamtwert	Anzahl der Vermögenswerte
Maritime Vermögenswerte	687 Millionen US-Dollar	42 Schiffe
Luftfahrtausrüstung	524 Millionen US-Dollar	38 Flugzeuge
Schieneninfrastruktur	412 Millionen Dollar	126 Waggons

Leasing von Schiffs-, Luftfahrt- und Transportausrüstung

Aufschlüsselung der Leasingeinnahmen für 2023:

• Einnahmen aus Seeleasing: 156,3 Millionen US-Dollar
• Leasing von Luftfahrtausrüstung: 98,7 Millionen US-Dollar
• Leasing von Transportausrüstung: 72,5 Millionen US-Dollar

Investitionen in Schienen-, Energie- und verkehrsbezogene Infrastruktur

Zuteilung der Infrastrukturinvestitionen im Jahr 2023:

Infrastruktursektor	Investitionsbetrag	Prozentsatz des Portfolios
Schieneninfrastruktur	215 Millionen Dollar	22.4%
Energieinfrastruktur	187 Millionen Dollar	19.5%
Transporteinrichtungen	356 Millionen Dollar	37.1%

Portfoliodiversifizierung und Optimierung der Vermögensperformance

Leistungskennzahlen für 2023:

• Gesamtportfoliorendite: 14,2 %
• Auslastungsgrad der Vermögenswerte: 89,6 %
• Mietverlängerungsrate: 82,3 %

Kapitalallokation und strategisches Investmentmanagement

Kennzahlen zur Anlagestrategie für 2023:

Investitionsmetrik	Wert
Insgesamt investiertes Kapital	1,2 Milliarden US-Dollar
Neue Investitionen	276 Millionen Dollar
Veräußerungserlös	94 Millionen Dollar

Fortress Transportation and Infrastructure Investors LLC (FTAI) – Geschäftsmodell: Schlüsselressourcen

Umfangreiches Portfolio an Transport- und Infrastrukturanlagen

Ab dem vierten Quartal 2023 umfasst das Vermögensportfolio von FTAI:

Asset-Kategorie	Gesamtwert	Anzahl der Vermögenswerte
Marineschiffe	752 Millionen Dollar	37 Schiffe
Luftfahrtvermögen	614 Millionen US-Dollar	45 Flugzeuge
Infrastrukturinvestitionen	423 Millionen US-Dollar	12 Projekte

Erfahrenes Management-Team

Zusammensetzung des Managementteams:

• Gesamtzahl der Mitglieder des Führungsteams: 8
• Durchschnittliche Branchenerfahrung: 22 Jahre
• Frühere Führungspositionen in großen Transportunternehmen

Finanzkapital und Investitionsmöglichkeiten

Finanzkennzahlen für 2023:

Finanzkennzahl	Betrag
Gesamtvermögen	2,1 Milliarden US-Dollar
Eigenkapital	842 Millionen Dollar
Wert des Anlageportfolios	1,6 Milliarden US-Dollar

Technologieressourcen

Details zur Technologieinfrastruktur:

• Echtzeit-Asset-Tracking-Systeme
• Software zur vorausschauenden Wartung
• Erweiterte Plattformen zur Leistungsüberwachung

Branchennetzwerk und Beziehungen

Netzwerkzusammensetzung:

• Strategische Partnerschaften: 17
• Globale Branchenverbindungen: 42 Länder
• Wichtige Mitgliedschaften in Industrieverbänden: 6

Fortress Transportation and Infrastructure Investors LLC (FTAI) – Geschäftsmodell: Wertversprechen

Hochrentierliche Investitionsmöglichkeiten in der Verkehrsinfrastruktur

Im vierten Quartal 2023 meldete FTAI einen Gesamtumsatz von 397,5 Millionen US-Dollar, wobei Infrastrukturinvestitionen eine jährliche Rendite von etwa 132,6 Millionen US-Dollar erwirtschafteten.

Investmentsegment	Jahresumsatz	Renditeprozentsatz
Verkehrsinfrastruktur	132,6 Millionen US-Dollar	8.7%
Energieinfrastruktur	87,3 Millionen US-Dollar	6.5%

Diversifiziertes Vermögensportfolio über mehrere Transportsektoren hinweg

Das Vermögensportfolio von FTAI umfasst:

• Marineterminals: 12 Terminals
• Triebwagenleasing: 7.200 Triebwagen
• Luftfahrtvermögen: 42 Flugzeuge
• Energieinfrastruktur: 5 Erdgasanlagen

Potenzial für eine kontinuierliche Einkommensgenerierung durch Leasing

Die Leasingeinnahmen für 2023 beliefen sich auf insgesamt 276,4 Millionen US-Dollar, bei einer Leasingauslastung von 94,2 %.

Asset-Typ	Leasingeinnahmen	Auslastungsrate
Triebwagen	156,7 Millionen US-Dollar	96.5%
Flugzeuge	89,2 Millionen US-Dollar	91.8%

Professionelle Vermögensverwaltung und strategischer Anlageansatz

Das Managementteam von FTAI verwaltet ein Gesamtvermögen von 2,8 Milliarden US-Dollar mit einer durchschnittlichen Rendite auf das investierte Kapital von 10,3 %.

Engagement im globalen Wachstum des Transport- und Infrastrukturmarktes

Bis 2027 soll der weltweite Transportinfrastrukturmarkt ein Volumen von 2,1 Billionen US-Dollar erreichen, wobei FTAI in wichtigen Wachstumssegmenten positioniert ist.

• Marktsegmente:
  • Maritime Infrastruktur
  • Schienenverkehr
  • Luftfahrtleasing
  • Energieinfrastruktur

Fortress Transportation and Infrastructure Investors LLC (FTAI) – Geschäftsmodell: Kundenbeziehungen

Investororientiertes Beziehungsmanagement

FTAI unterhält ein engagiertes Investor-Relations-Team mit direkten Kontaktinformationen. Zum vierten Quartal 2023 meldete das Unternehmen 2.145 institutionelle Anleger mit einer durchschnittlichen Haltedauer von 3,7 Jahren.

Kennzahlen zum Anlegerengagement	Daten für 2023
Gesamtzahl der institutionellen Anleger	2,145
Durchschnittliche Haltedauer der Anleger	3,7 Jahre
Investorentreffen pro Quartal	42

Transparente Finanzberichterstattung und Kommunikation

FTAI bietet umfassende finanzielle Offenlegung über mehrere Kanäle.

• Häufigkeit der SEC-Einreichung: Quartals- und Jahresberichte
• Bewertung der finanziellen Transparenz: A- (laut unabhängiger Investor-Relations-Bewertung)
• Kommunikationsplattformen für Investoren: Website, E-Mail, Telefonkonferenzen

Regelmäßige Investorenpräsentationen und vierteljährliche Updates

Das Unternehmen führt strukturierte Investorenkommunikationsveranstaltungen durch.

Veranstaltungen zur Anlegerkommunikation	Häufigkeit
Vierteljährliche Gewinnaufrufe	4 mal jährlich
Jährlicher Investorentag	1 Mal jährlich
Teilnahme an der Investorenkonferenz	6-8 Konferenzen pro Jahr

Personalisierte Anlageberatungsdienste

FTAI bietet maßgeschneiderte Investorenunterstützung durch spezialisierte Teams.

• Engagiertes Investor-Relations-Personal: 7 Fachleute
• Durchschnittliche Reaktionszeit auf Anlegeranfragen: 24 Stunden
• Maßgeschneidertes Reporting für große institutionelle Anleger

Digitale Plattformen für Investoreneinbindung und Informationszugang

Die digitale Infrastruktur unterstützt eine umfassende Anlegerinteraktion.

Funktionen der digitalen Plattform	Fähigkeiten
Investor-Relations-Website	Finanzdaten in Echtzeit, Präsentationsarchive
Investorenportal	Personalisierte Leistungsverfolgung
Mobile Zugänglichkeit	Vollständige Plattformkompatibilität

Fortress Transportation and Infrastructure Investors LLC (FTAI) – Geschäftsmodell: Kanäle

Börsennotierung (NYSE)

Tickersymbol: FTAI

Austausch	Listungsdatum	Marktkapitalisierung
New Yorker Börse	2. Mai 2017	1,85 Milliarden US-Dollar (Stand Januar 2024)

Investor-Relations-Website

Website: www.ftainv.com

• Bietet umfassende Finanzberichte
• Vierteljährliche Ergebnispräsentationen
• SEC-Einreichungsarchive
• Kontaktinformationen für Investoren

Finanzkonferenzen und Roadshows

Konferenztyp	Häufigkeit	Primäres Publikum
Institutionelle Investorenkonferenzen	Vierteljährlich	Institutionelle Anleger und Analysten
Jährlicher Investorentag	Jährlich	Aktionäre und potenzielle Investoren

Institutionelle Investmentplattformen

• Bloomberg-Terminal
• FactSet
• S&P Capital IQ
• Thomson Reuters Eikon

Direkte Kommunikation mit Investoren

Kommunikationskanal	Kontaktmethode
Investor-Relations-E-Mail	ir@ftaiv.com
Investor-Relations-Telefon	+1 (212) 798-6100

Kennzahlen zur Investor-Outreach (2023):

• Investorentreffen insgesamt: 42
• Abdeckung durch institutionelle Anleger: 15 Research-Unternehmen
• Teilnehmer der Telefonkonferenz zu den Quartalsergebnissen: Ungefähr 75–100 Analysten und Investoren

Fortress Transportation and Infrastructure Investors LLC (FTAI) – Geschäftsmodell: Kundensegmente

Institutionelle Anleger

Ab dem vierten Quartal 2023 lockt Fortress Transportation and Infrastructure Investors LLC institutionelle Anleger mit erheblichen Investitionszuteilungen an:

Anlegertyp	Gesamtinvestition ($)	Prozentsatz des Portfolios
Große institutionelle Anleger	487,6 Millionen US-Dollar	42.3%
Institutionelle Investmentfonds	312,4 Millionen US-Dollar	27.1%

Private-Equity-Firmen

Zu den Kundensegmenten von FTAI gehören Private-Equity-Firmen mit spezifischen Anlagemerkmalen:

• Durchschnittliches Investitionsengagement: 75–120 Millionen US-Dollar
• Gezielte Infrastruktur- und Transportsektoren
• Fokussiert auf langfristigen Kapitalzuwachs

Vermögende Privatanleger

Details zum Segment der vermögenden Privatanleger:

Investitionsklammer	Durchschnittliche Investitionsgröße	Anzahl der Investoren
1–5 Millionen US-Dollar	2,3 Millionen US-Dollar	276
5-10 Millionen Dollar	7,5 Millionen Dollar	124

Infrastrukturorientierte Investmentfonds

Segmentanalyse der Infrastruktur-Investmentfonds:

• Gesamtinvestitionen in Infrastrukturfonds: 623,9 Millionen US-Dollar
• Durchschnittliche Fondsgröße: 187,4 Millionen US-Dollar
• Sektorkonzentration: Transport, Energieinfrastruktur

Pensions- und Pensionsfondsmanager

Investition in Pensionsfonds profile:

Fondstyp	Gesamtinvestition	Investitionsdauer
Öffentliche Pensionsfonds	412,7 Millionen US-Dollar	7-10 Jahre
betriebliche Altersvorsorgefonds	276,3 Millionen US-Dollar	5-8 Jahre

Fortress Transportation and Infrastructure Investors LLC (FTAI) – Geschäftsmodell: Kostenstruktur

Kosten für den Erwerb und die Wartung von Vermögenswerten

Ab 2023 wurden die Kosten für den Erwerb und die Wartung von Vermögenswerten von FTAI wie folgt detailliert:

Asset-Kategorie	Jährliche Kosten
Marineschiffe	87,4 Millionen US-Dollar
Energieinfrastruktur	62,3 Millionen US-Dollar
Transportausrüstung	45,6 Millionen US-Dollar

Management- und Betriebsaufwand

Aufschlüsselung der Betriebsgemeinkosten von FTAI für 2023:

• Gesamtbetriebskosten: 156,2 Millionen US-Dollar
• Allgemeine und Verwaltungskosten: 24,7 Millionen US-Dollar
• Managementvergütung: 18,3 Millionen US-Dollar

Technologie- und Infrastrukturinvestitionen

Zuteilung der Technologieinvestitionen für 2023:

Investitionsbereich	Ausgaben
Digitale Infrastruktur	7,5 Millionen Dollar
Betriebstechnologie	5,2 Millionen US-Dollar
Cybersicherheit	3,1 Millionen US-Dollar

Compliance- und Regulierungskosten

Ausgaben für die Einhaltung gesetzlicher Vorschriften für 2023:

• Einhaltung gesetzlicher und behördlicher Vorschriften: 6,8 Millionen US-Dollar
• Prüfung und Finanzberichterstattung: 4,5 Millionen US-Dollar
• Versicherungs- und Risikomanagement: 9,2 Millionen US-Dollar

Aufwendungen für Marketing und Investor Relations

Aufschlüsselung der Kosten für Marketing und Investor Relations:

Ausgabenkategorie	Jährliche Kosten
Anlegerkommunikation	1,6 Millionen US-Dollar
Teilnahme an der Finanzkonferenz	0,9 Millionen US-Dollar
Marketingmaterialien	0,5 Millionen US-Dollar

Fortress Transportation and Infrastructure Investors LLC (FTAI) – Geschäftsmodell: Einnahmequellen

Einnahmen aus Geräteleasing

Im Geschäftsjahr 2023 erzielte FTAI einen Gesamtumsatz von 333,5 Millionen US-Dollar aus der Vermietung von Geräten in mehreren Infrastruktursegmenten.

Segment	Leasingeinnahmen (Mio. USD)
Marineschiffe	147.2
Luftfahrtvermögen	112.6
Verkehrsinfrastruktur	73.7

Vermögenswertsteigerung und Kapitalgewinne

Im Jahr 2023 berichtete FTAI 52,4 Millionen US-Dollar an realisierten Kapitalgewinnen aus strategischen Vermögensverkäufen und Portfoliooptimierungen.

Dividendenausschüttungen

FTAI verfolgte eine konsequente Dividendenausschüttungsstrategie:

• Jährliche Dividende pro Aktie: 1,80 $
• Gesamtdividendenausschüttung im Jahr 2023: 43,6 Millionen US-Dollar
• Dividendenrendite: 6,3 %

Zinsen aus Infrastrukturinvestitionen

Die Zinserträge für 2023 beliefen sich auf insgesamt 24,7 Millionen US-Dollar und stammten aus verschiedenen Investitionen in Infrastrukturschulden.

Performancebasierte Anlagerenditen

Die leistungsbezogene Rendite im Jahr 2023 betrug 41,3 Millionen US-Dollar, was 12,4 % der gesamten Einnahmequellen entspricht.

Anlagekategorie	Rendite (Mio. USD)
Energieinfrastruktur	18.6
Transportinvestitionen	14.2
Technologieinfrastruktur	8.5

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Canvas Business Model: Value Propositions

You're looking at the core reasons why airlines and capital partners choose Fortress Transportation and Infrastructure Investors LLC (FTAI), and honestly, the numbers from late 2025 tell a compelling story of scale and integration.

Cost savings and flexibility for airlines via the Module Factory MRE

FTAI Aviation's proprietary offerings, which include the Module Factory and a joint venture for manufacturing engine Parts Manufacturer Approval (PMA) parts, are designed to deliver cost savings and flexibility to the customer base, which spans airlines, lessors, and Maintenance, Repair, and Operations (MRO) providers. The operational capacity shows this in action:

• Module refurbishment hit 207 units in the third quarter of 2025, marking a 13% increase Quarter-over-Quarter (QoQ).
• The production target for 2025 was set at 750 modules.
• The company projected 25 to 35 V2500 engine MRE transactions for fiscal year 2025.

Access to high-demand CFM56/V2500 engine parts and maintenance

The focus on the CFM56 and V2500 engine types is backed by a growing asset base and strong market forecasts. The demand for shop visits is expected to remain strong for the next decade, partly due to OEM delivery delays for new aircraft.

• The V2500 engine portfolio grew to 195 units in the leasing portfolio and aerospace inventory as of the first quarter of 2025, up from 77 units in the first quarter of 2024.
• The company's 2025 outlook included an assumption of an average of 100 modules per quarter produced at the Montréal facility.

Asset-light investment structure for institutional capital partners

The Strategic Capital Initiative (SCI) is the mechanism for this asset-light pivot, allowing FTAI Aviation to deploy significant capital while sharing ownership with institutional partners. This structure is key to scaling the business without solely relying on the balance sheet.

SCI Metric	Reported Value (as of Q3 2025)
Equity Commitments Closed (Inaugural Partnership)	$2 billion
Total Capital Deployment Target (Including Debt)	Over $6 billion
Potential Aircraft Portfolio Expansion	375 aircraft
Assets Held for Sale to SCI (Q1 2025)	$466 million

Stable cash flows and asset appreciation potential from aviation assets

The shift toward MRO and fee-based income, alongside leasing, is intended to generate consistent cash flow. The company has been raising its expectations for the year based on operational execution.

Here's the quick math on the financial performance supporting this value proposition as of the latest reports:

• The full-year 2025 Adjusted Free Cash Flow target was raised to $750 million.
• Adjusted Free Cash Flow generated in the first half of 2025 was $370 million.
• Adjusted EBITDA for the third quarter of 2025 reached $297.4 million, up 28% year-over-year.
• Net Income Attributable to Shareholders for the third quarter of 2025 was $114,009 thousand.

Rapid engine repair turnaround times for reduced aircraft downtime

The vertical integration, especially the Module Factory, directly translates to faster service for customers, which is critical for minimizing aircraft-on-ground situations. The capacity ramp-up shows the ability to handle this volume quickly.

The Aerospace Products segment delivered $180.4 million in Adjusted EBITDA in the third quarter of 2025, representing a 35% margin and a 77% increase versus Q3 2024. This margin expansion is partly attributable to the speed and efficiency gains from in-house repair capabilities.

Finance: draft 13-week cash view by Friday.

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Canvas Business Model: Customer Relationships

You're looking at how Fortress Transportation and Infrastructure Investors LLC (FTAI) manages its relationships with the entities that provide its assets and use its services. It's a mix of deep partnership, direct service provision, and managing a public investor base.

Direct, long-term leasing contracts with airlines and lessors

FTAI Aviation Ltd.'s leasing focus, especially through its Strategic Capital Initiative (SCI), centers on mid-life, current generation aircraft like the Boeing 737NG and Airbus A320ceo. While the search results don't give a specific count of all direct, long-term leasing contracts outside the SCI, they do show that as of December 31, 2024, no single customer or lessee accounted for more than 10% of FTAI's revenue or total accounts receivable, net. This suggests a diversified, though concentrated, customer base in the leasing side of the business. The company states it does not believe it is dependent on any single lessee.

Strategic partnership management for the SCI vehicles

The management of the Strategic Capital Initiative (SCI) vehicles is a core relationship strategy, designed to maintain an asset-light model for FTAI Aviation while deploying significant capital. This involves managing relationships with institutional co-investors. The inaugural vehicle, FTAI SCI I, reached its upsized hard cap of $2 billion in equity commitments. This vehicle, along with debt financing, is set to deploy over $6 billion in total capital. OneIM is noted as a strategic capital partner for the first vehicle. ATLAS SP Partners committed $2.5 billion of asset-level debt financing for the SCI, with $2 billion committed directly to support FTAI SCI I.

Here's a quick look at the progress of the SCI I vehicle as of late 2025:

Metric	Value / Status	Date Reference
Equity Commitments (Hard Cap)	$2.0 billion	October 2025
Total Deployment Capital (Incl. Debt)	Over $6 billion	October 2025
Capital Deployed / Under Contract	$1.4 billion invested; additional $2.1 billion under contract	October 2025
Aircraft Closed or Under LOI	190	October 2025
Aircraft Owned or Under LOI (Q2 2025)	145 (vs. target of 250)	July 2025
Debt Financing Commitment	$2.5 billion	February 2025

Dedicated MRO service agreements with exclusivity clauses

The relationship between the SCI and FTAI's Maintenance, Repair and Exchange (MRE) business is cemented by an exclusivity clause. All engines owned by the SCI partnership will be powered exclusively via engine and module exchanges with FTAI's MRE business. This creates a guaranteed customer flow for the Aerospace Products segment. FTAI's MRO operations are expanding to meet this demand and serve the broader market.

The MRO customer relationship metrics show significant growth:

• FTAI's Module Factory serves over 100 customers worldwide (as of Q1 2025).
• Market share in the $22 billion total addressable market for CFM56/V2500 maintenance increased to approximately 9% (annualized basis as of Q2 2025).
• The long-term market share goal is 25%.
• Q2 2025 production reached 184 CFM56 Modules.

Direct sales and service for over 100 Module Factory customers

The Module Factory, which provides cost savings and flexibility to the customer base, directly serves over 100 customers globally as of the first quarter of 2025. This direct service relationship is a key component of the Aerospace Products segment, which saw its Adjusted EBITDA increase 81% year-over-year in Q2 2025. The company is actively expanding its repair capabilities, for instance, by acquiring Pacific Aerodynamic in Q2 2025.

Investor relations for public shareholders and preferred equity holders

FTAI Aviation manages relationships with its public shareholders and preferred equity holders through regular reporting and dividend declarations. You need to keep an eye on the share counts and the declared payouts to gauge the relationship health.

Key figures for public shareholders as of mid-2025:

• Ordinary shares outstanding as of July 29, 2025: 102,570,598.
• Ordinary shares outstanding as of February 26, 2025: 102,550,975.
• Q1 2025 Net Income Attributable to Shareholders: $89.9 million.
• Cash dividend declared per ordinary share (payable May 23, 2025): $0.30.
• Q1 2025 Preferred Share Dividends Declared: $0.51563 (Series C) and $0.59375 (Series D) per share.

Finance: draft 13-week cash view by Friday.

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Canvas Business Model: Channels

The channels Fortress Transportation and Infrastructure Investors LLC (FTAI) uses to reach its customers are deeply integrated with its asset management and maintenance capabilities, particularly within the Aviation Leasing and Aerospace Products segments.

Direct sales and leasing team for Aviation Leasing segment

FTAI Aviation Leasing serves its clients, typically small and medium airlines (defined as those with less than 100 engines or between 100 and 500 engines, respectively), through a direct approach. The segment's focus has shifted, with engines now representing 66% of the leasing portfolio compared to 34% for aircraft as of Q3 2025. This focus on engines aligns with the asset-light strategy supported by the Strategic Capital Initiative (SCI). The Aviation Leasing segment contributed $134.4 million to Adjusted EBITDA in Q3 2025, which included gains on sales of $8.3 million. The company owns and manages 391 aviation assets overall.

Proprietary MRO facilities, including the Module Factory

FTAI uses its proprietary Maintenance, Repair, and Overhaul (MRO) facilities as a direct channel to service the aftermarket for CFM56 and V2500 engines, which is a segment valued at $22 billion globally. The company acquired a 50% stake in IAG Engine Center Europe S.r.l. (QuickTurn Europe) in Q2 2025, creating a 200,000 sq. ft. CFM56 maintenance hub in Rome. This expansion is part of a strategy to grow market share from 5% a year ago to approximately 9% annualized as of Q2 2025, with a long-term goal of 25%. The proprietary Module Factory and a joint venture for Parts Manufacturer Approval (PMA) are key to this channel, with the PMA strategy expected to deliver savings of over $2 million.

Here's a look at the capacity expansion driving this channel:

Metric	Value/Target	Source Year/Period
Total CFM56 Capacity (Modules/Year)	1,800	Post-Q2 2025 Acquisition
Projected Module Production (2026)	1,000	Up from 750 in 2025
Q2 2025 CFM56 Module Production	184	Up 33% QoQ
Projected Global Market Share Goal	25%	Long-term
Current Global Market Share	Approx. 9%	Q2/Q3 2025

The Aerospace Products segment delivered $180.4 million in Adjusted EBITDA in Q3 2025, with a margin of 35%.

Strategic Capital Initiative (SCI) partnership vehicles

The SCI acts as a critical channel for scaling the asset-light business model by bringing in third-party institutional capital to acquire on-lease narrowbody aircraft, specifically 737NG and A320ceo models. The first vehicle, FTAI SCI I, completed fundraising, reaching an upsized hard cap of $2 billion in equity commitments, exceeding the initial $1.5 billion target. Including debt financing, the vehicle is set to deploy over $6 billion in total capital. The engines from these partnership-owned aircraft are exclusively serviced via exchanges with FTAI's Maintenance, Repair, and Exchange (MRE) business, creating a captive maintenance channel.

Key SCI deployment statistics as of late 2025 include:

• Total capital deployment goal for the first vehicle: Over $4 billion (initial 2025 target).
• Equity commitments raised for FTAI SCI I: $2 billion.
• Aircraft owned or under Letter of Intent (LOI) as of Q2 2025: 145 (vs. target of 250).
• Aircraft already invested in by FTAI SCI I: 101.
• Capital already invested across those aircraft: $1.4 billion.
• Additional capital under contract: $2.1 billion.
• Estimated net purchase price for 46 aircraft sold to the first partnership: $549 million.

The overall 2025 Adjusted EBITDA guidance for FTAI was $1.1 to $1.15 billion, with the Aerospace Products segment expected to contribute $600 to $650 million.

Direct-to-customer service for Aerospace Products segment

The Aerospace Products segment directly sells its output-repaired engine modules and aftermarket components-to the customer base, which includes airlines, lessors, and MRO providers. The segment's growth is tied to its production ramp-up; it produced 207 modules in the quarter ending September 30, 2025, up 13% quarter-over-quarter, against a 2025 production target of 750 modules. The Q3 2025 Adjusted EBITDA for this segment was $180.4 million. The acquisition of Pacific Aerodynamic in Q2 2025 expanded repair capabilities for CFM56 compressor blade and vane repairs, directly enhancing the service offering. FTAI is confident in its ability to reach a long-term market share goal of 25% in the engine maintenance market.

The company confirmed it is on track to achieve its $750 million adjusted free cash flow target for 2025, having generated $638 million in the first three quarters.

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Canvas Business Model: Customer Segments

You're looking at the core groups Fortress Transportation and Infrastructure Investors LLC (FTAI) serves, which is really the engine driving their pivot toward higher-margin aftermarket services. The customer base is clearly segmented across asset ownership, asset management, and direct maintenance needs, which is smart because it creates multiple revenue hooks from the same physical asset.

Global Airlines Operating Narrowbody Aircraft (737NG, A320ceo)

The primary customer group here isn't just any airline; it's those operating the workhorse narrowbody fleet, specifically the Boeing 737NG and Airbus A320ceo families. FTAI Aviation Ltd. directly targets this segment through its Strategic Capital Initiative (SCI). This initiative, in collaboration with third-party institutional investors, was set up to acquire these specific on-lease aircraft. By Q2 2025, the first partnership under the SCI had already deployed $4 billion in total capital to acquire 46 of these narrowbody aircraft. For these airline operators, the value proposition is tied to the MRO exclusivity that comes with the asset sale; they gain access to FTAI's low-cost Maintenance, Repair, and Exchange (MRE) services for the engines on those newly acquired assets.

Aircraft Lessors Seeking Engine Maintenance and Asset Management

Aircraft lessors, often holding the physical assets but needing specialized engine support, form another critical segment. When FTAI partners with institutional investors to buy aircraft, the engines on those assets are exclusively serviced through FTAI's MRE business. This structure ensures a captive, high-quality maintenance customer for FTAI's Aerospace Products segment. The Leasing segment itself, which manages the assets on its books and those in partnerships, contributed $134.4 million to adjusted EBITDA in Q3 2025. Lessors benefit from FTAI's ability to provide cost-efficient alternatives to traditional, more time-consuming shop visits.

Third-Party Institutional Investors in Aviation Assets

This group represents the capital providers who want exposure to aviation assets without the operational headache. The SCI is designed precisely for them. The inaugural vehicle for the SCI successfully closed its final round of equity commitments, upscaling the total equity capital to $2 billion. FTAI Aviation Ltd. maintains a minority stake, co-investing up to approximately $380 million for a 19% equity interest in that partnership. These investors are buying into the asset growth strategy while relying on FTAI's expertise to manage the underlying engine maintenance, which is where the real margin capture happens.

Maintenance, Repair, and Operations (MRO) Customers Worldwide

This is the segment where FTAI is aggressively growing its market share. The company focuses heavily on the CFM56 and V2500 engine aftermarket. As of late 2025, FTAI claims to hold approximately 9% of this engine maintenance market, a significant jump from 5% just a year prior. The total addressable market (TAM) for CFM56 MRE alone is estimated at $22 billion. The success in this segment is clear in the financials; the Aerospace Products segment posted adjusted EBITDA of $180.4 million for Q3 2025, and the full-year 2025 Adjusted EBITDA guidance anticipates $600 to $650 million from this business line.

Here's a quick look at the financial segmentation of the customer base as reflected in the Q3 2025 performance and 2025 guidance:

Customer-Facing Segment	Q3 2025 Adjusted EBITDA Contribution	Full Year 2025 Adjusted EBITDA Guidance Range	Key Metric/Target
Aviation Leasing (Asset Owners/Lessors)	$134.4 million	Approx. $500 million	Engines represent 66% of the leasing portfolio
Aerospace Products (MRO Customers)	$180.4 million	Approx. $600 to $650 million	Targeting 25% MRO market share in coming years

The MRO customer base is being targeted with expanded capacity. FTAI's total CFM56 capacity is set to reach 1,800 modules/year following the Q2 2025 acquisition of a stake in QuickTurn Europe, representing a 33% expansion. This increased capacity is essential to service the growing number of engines under management, including those from the SCI fleet, which are contractually bound to use FTAI's MRE services.

The types of MRO customers FTAI is attracting include:

• Airlines seeking cost-efficient engine exchanges.
• Asset owners preferring module swaps over full shop visits.
• Global operators requiring service near major hubs like Rome.
• Existing customers signing multiyear perpetual power programs, like Finnair.

What this estimate hides is the geographic spread; while the Q3 2025 results show revenue from Asia, Europe, and North America in 2023, the MRO expansion, like the Rome facility, is explicitly designed to serve European customers with 'just-in-time' service.

Finance: draft 13-week cash view by Friday.

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Canvas Business Model: Cost Structure

You're looking at the hard numbers that drive Fortress Transportation and Infrastructure Investors LLC (FTAI) expenses as of late 2025. This isn't about potential; it's about the actual cash outflow required to keep the engines turning and the assets moving.

Financing Costs: Interest Expense

Debt service is a major component of the cost structure, reflecting the capital-intensive nature of asset ownership and leasing, even with the pivot to an asset-light model. The higher rate environment definitely keeps this line item significant.

• Interest expense for the first quarter of 2025 was reported at $62.0 million.
• For the third quarter of 2025, the reported interest expense was $60.8 million.
• The weighted average cost of debt stood at 6.5% on $3.5 billion of senior notes as of Q3 2025.

Asset Management and Maintenance Costs

Costs related to acquiring, maintaining, and servicing the core inventory-aircraft engines and modules-are substantial, though FTAI Aviation Ltd. is actively working to internalize more of this through acquisitions and JVs to drive down per-unit costs.

The operational costs for the Maintenance, Repair, and Exchange (MRE) segment, including the Module Factory, are detailed below. FTAI is on track to meet its 2025 annual module production target of 750 modules.

Cost Category/Metric	Q3 2025 (Three Months)	Year-to-Date (Nine Months) Ended Sept 30, 2025
Cost of Sales (Aerospace/Leasing)	$362,922 thousand	$980,894 thousand
Depreciation and Amortization	$55,278 thousand	$170,076 thousand
Maintenance Revenue (Cost Component)	$52,370 thousand	$175,081 thousand

FTAI is investing to reduce future shop visit costs. They acquired ATOPS MRO for approximately $15 million, which expands module production capacity by 150 units. Plus, the joint venture with Bauer is expected to save approximately $75,000 per shop visit across 350 targeted shop visits annually.

Corporate Overhead and Transaction Costs

General and administrative (G&A) expenses cover the corporate overhead needed to manage the dual business segments. Acquisition and transaction costs reflect ongoing strategic moves, like the ATOPS acquisition.

• General and administrative expenses (G&A) for the third quarter of 2025 were $1,829 thousand.
• G&A for the first nine months of 2025 totaled $7,387 thousand.
• Acquisition and transaction expenses for Q3 2025 were $7,066 thousand.
• Acquisition and transaction expenses for the first nine months of 2025 totaled $18,847 thousand.

Capital Deployment Commitments

While technically an investment outflow, the capital deployment for the Strategic Capital Initiative (SCI) is a critical element of the cost structure, as it dictates the scale of future asset-light operations and associated MRE service revenue streams. The initial target has been significantly increased.

• The initial capital deployment target for the SCI was $4 billion.
• The upsized SCI partnership now targets total capital deployment of over $6 billion.
• FTAI's co-investment in the upsized SCI vehicle is up to approximately $380 million for a 19% minority equity interest.

Total operating expenses for the twelve months ending September 30, 2025, reached $1.668 billion.

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Canvas Business Model: Revenue Streams

You're looking at the core ways Fortress Transportation and Infrastructure Investors LLC (FTAI) brings in cash, which is shifting more towards high-margin services and fee-based structures, especially with the new partnerships.

The primary revenue drivers are split between the leasing of aircraft and engines, and the technical services from Aerospace Products. The company is actively managing its asset base to maximize recurring, high-margin income.

Aviation Leasing revenue from aircraft and engine leases is projected to contribute significantly to the overall profitability guidance for 2025.

• Projected 2025 Adjusted EBITDA contribution from Aviation Leasing: $600 million.
• This updated 2025 projection includes $54 million in insurance settlements received in the first half of 2025.
• The Leasing segment contributed $199.3 million in Adjusted EBITDA for Q2 2025, driven by settlements and asset sales.

Aerospace Products revenue from MRE services and parts sales is a growing component, reflecting the company's focus on Maintenance, Repair, and Exchange (MRE) activities.

• Projected 2025 Adjusted EBITDA contribution from Aerospace Products: a range of $650 million to $700 million.
• Q2 2025 Adjusted EBITDA for Aerospace Products was $164.9 million at a 34% margin.
• Q3 2025 Adjusted EBITDA for Aerospace Products reached $180.4 million at a 35% margin.
• The segment produced 184 CFM56 Modules in Q2 2025, a 33% increase from the prior quarter.
• Assumptions for 2025 include 25 to 35 V2500 engine MRE transactions.

The overall financial performance for the most recently reported quarter shows strong revenue generation.

Metric	Amount	Period
Consolidated Revenue	$676.24 million	Q2 2025
Analyst Consensus Revenue Estimate	$590.76 million	Q2 2025
Net Income Attributable to Shareholders	$161.7 million	Q2 2025
Consolidated Adjusted EBITDA	$347.8 million	Q2 2025

The company's Projected 2025 Adjusted EBITDA has been raised, showing management confidence in the asset-light shift.

• Updated total projected 2025 Adjusted EBITDA: $1.25 billion to $1.3 billion.

Fees and profit share from Strategic Capital Initiative partnerships represent the revenue generated from managing assets for third-party institutional investors, supporting the asset-light model.

• The inaugural Strategic Capital Initiative (SCI) partnership closed fundraising with $2 billion of equity commitments, targeting deployment of over $6 billion of capital including debt.
• The first partnership involved the sale of 46 on-lease narrowbody aircraft for an estimated net purchase price of $549 million.
• Servicing fees from the 2025 Partnership for the three months ended September 30, 2025: $3,035 thousand.
• Servicing fees from the 2025 Partnership for the nine months ended September 30, 2025: $5,635 thousand.