Fortress Transportation and Infrastructure Investors LLC (FTAI): Canvas del Modelo de Negocio [Actualizado en Ene-2025]

Sumérgete en el mundo dinámico de la fortaleza de transporte e infraestructura Investors LLC (FTAI), una potencia que transforma las inversiones de transporte e infraestructura en una sinfonía financiera estratégica. Con un cartera diversificada Con los activos marítimos, de aviación y transporte, FTAI ofrece a los inversores una oportunidad convincente para montar la ola de crecimiento de la infraestructura global. Su innovador lienzo de modelo de negocio revela un enfoque sofisticado para generar retornos de alto rendimiento, aprovechando la tecnología de vanguardia, la experiencia profunda de la industria y una red sólida de asociaciones estratégicas que los posicionan a la vanguardia de la inversión en infraestructura.

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modelo de negocios: asociaciones clave

Asociaciones estratégicas con propietarios de activos de transporte e infraestructura

FTAI mantiene asociaciones estratégicas con varios propietarios clave de activos de transporte e infraestructura:

Pareja	Tipo de activo	Detalles de la asociación
Sabio Midstream	Infraestructura de gas natural	Inversión de capital: $ 87.3 millones
Aeropuerto Internacional de Miami	Infraestructura del aeropuerto	Contrato de arrendamiento a largo plazo

Firmas de capital privado y empresas de gestión de inversiones

FTAI colabora con múltiples entidades de inversión:

• Fortress Investment Group (empresa matriz)
• Grupo de inversión de infraestructura de BlackRock
• Goldman Sachs Infrastructure Partners

Instituciones financieras que proporcionan capital y apoyo de préstamos

Institución financiera	Línea de crédito	Cantidad
JPMorgan Chase	Línea de crédito giratorio	$ 350 millones
Wells Fargo	Préstamo a plazo	$ 250 millones

Proveedores de tecnología para la gestión y optimización de activos

FTAI se asocia con compañías de tecnología que se especializan en gestión de infraestructura:

• Soluciones de gestión de activos de IBM
• Infraestructura digital de Siemens
• SAP Enterprise Asset Management

Proveedores de servicios de logística global y transporte

Socio de logística	Alcance del servicio	Valor de asociación
Línea de Maersk	Logística marítima	Contrato anual de $ 120 millones
Flete de FedEx	Transporte terrestre	Acuerdo anual de $ 95 millones

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modelo de negocio: actividades clave

Adquirir y gestionar activos de infraestructura de transporte

A partir del cuarto trimestre de 2023, la cartera de FTAI incluye:

Categoría de activos	Valor total	Número de activos
Activos marítimos	$ 687 millones	42 recipientes
Equipo de aviación	$ 524 millones	38 aviones
Infraestructura ferroviaria	$ 412 millones	126 vagones

Arrendamiento de equipos marítimos, aviación y de transporte

Desglose de ingresos de arrendamiento para 2023:

• Ingresos de arrendamiento marítimo: $ 156.3 millones
• Arrendamiento de equipos de aviación: $ 98.7 millones
• Arrendamiento de equipos de transporte: $ 72.5 millones

Invertir en infraestructura relacionada con el ferrocarril, energía y transporte

Asignación de inversión de infraestructura en 2023:

Sector de infraestructura	Monto de la inversión	Porcentaje de cartera
Infraestructura ferroviaria	$ 215 millones	22.4%
Infraestructura energética	$ 187 millones	19.5%
Instalaciones de transporte	$ 356 millones	37.1%

Diversificación de cartera y optimización del rendimiento de activos

Métricas de rendimiento para 2023:

• Retorno total de la cartera: 14.2%
• Tasa de utilización de activos: 89.6%
• Tasa de renovación de arrendamiento: 82.3%

Asignación de capital y gestión de inversiones estratégicas

Métricas de estrategia de inversión para 2023:

Métrico de inversión	Valor
Capital invertido total	$ 1.2 mil millones
Nuevas inversiones	$ 276 millones
Ganancia de desinversión	$ 94 millones

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modelo de negocio: recursos clave

Extensa cartera de activos de transporte e infraestructura

A partir del cuarto trimestre de 2023, la cartera de activos de FTAI incluye:

Categoría de activos	Valor total	Número de activos
Buques marinos	$ 752 millones	37 recipientes
Activos de aviación	$ 614 millones	45 aviones
Inversiones de infraestructura	$ 423 millones	12 proyectos

Equipo de gestión experimentado

Composición del equipo de gestión:

• Total de los miembros del equipo ejecutivo: 8
• Experiencia de la industria promedio: 22 años
• Roles de liderazgo previos en las principales compañías de transporte

Capacidades de capital financiero y de inversión

Métricas financieras para 2023:

Métrica financiera	Cantidad
Activos totales	$ 2.1 mil millones
Patrimonio de los accionistas	$ 842 millones
Valor de la cartera de inversiones	$ 1.6 mil millones

Recursos tecnológicos

Detalles de la infraestructura tecnológica:

• Sistemas de seguimiento de activos en tiempo real
• Software de mantenimiento predictivo
• Plataformas avanzadas de monitoreo de rendimiento

Red y relaciones de la industria

Composición de red:

• Asociaciones estratégicas: 17
• Conexiones de la industria global: 42 países
• Membresías clave de la asociación de la industria: 6

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modelo de negocio: propuestas de valor

Oportunidades de inversión de alto rendimiento en infraestructura de transporte

A partir del cuarto trimestre de 2023, FTAI reportó ingresos totales de $ 397.5 millones, con inversiones de infraestructura que generan aproximadamente $ 132.6 millones en rendimientos anuales.

Segmento de inversión	Ingresos anuales	Porcentaje de rendimiento
Infraestructura de transporte	$ 132.6 millones	8.7%
Infraestructura energética	$ 87.3 millones	6.5%

Cartera de activos diversificados en múltiples sectores de transporte

La cartera de activos de FTAI comprende:

• Terminales marinos: 12 terminales
• Arrendamiento de vagones: 7,200 vagones
• Activos de aviación: 42 aviones
• Infraestructura energética: 5 instalaciones de gas natural

Potencial para la generación de ingresos consistente a través del arrendamiento

Los ingresos de arrendamiento para 2023 totalizaron $ 276.4 millones, con una tasa de utilización de arrendamiento del 94.2%.

Tipo de activo	Ingresos de arrendamiento	Tasa de utilización
Vagones	$ 156.7 millones	96.5%
Aeronave	$ 89.2 millones	91.8%

Gestión de activos profesionales y enfoque de inversión estratégica

El equipo de gestión de FTAI supervisa $ 2.8 mil millones en activos totales con un rendimiento promedio de capital invertido de 10.3%.

Exposición al crecimiento del mercado global de transporte e infraestructura

El mercado global de infraestructura de transporte proyectado para alcanzar los $ 2.1 billones para 2027, con FTAI posicionado en segmentos de crecimiento clave.

• Segmentos de mercado:
  • Infraestructura marítima
  • Transporte ferroviario
  • Arrendamiento de aviación
  • Infraestructura energética

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modelo de negocios: Relaciones con los clientes

Gestión de relaciones centrada en el inversor

FTAI mantiene un equipo dedicado de relaciones con los inversores con información de contacto directo. A partir del cuarto trimestre de 2023, la compañía reportó 2,145 inversores institucionales con un período de tenencia promedio de 3.7 años.

Métricas de compromiso de los inversores	2023 datos
Inversores institucionales totales	2,145
Período promedio de tenencia de los inversores	3.7 años
Reuniones de inversores por trimestre	42

Información financiera transparente y comunicación

FTAI proporciona una divulgación financiera integral a través de múltiples canales.

• Frecuencia de presentación de la SEC: informes trimestrales y anuales
• Calificación de transparencia financiera: A- (por evaluación independiente de relaciones con los inversores)
• Plataformas de comunicación de inversores: sitio web, correo electrónico, llamadas de conferencia

Presentaciones regulares de inversores y actualizaciones trimestrales

La Compañía realiza eventos de comunicación de inversores estructurados.

Eventos de comunicación de inversores	Frecuencia
Llamadas de ganancias trimestrales	4 veces anualmente
Día anual de los inversores	1 vez anualmente
Participación de la conferencia de inversores	6-8 conferencias por año

Servicios de asesoramiento de inversiones personalizados

FTAI ofrece apoyo a los inversores personalizado a través de equipos especializados.

• Personal dedicado de relaciones con inversores: 7 profesionales
• Tiempo de respuesta promedio para consultas de inversores: 24 horas
• Informes personalizados para grandes inversores institucionales

Plataformas digitales para la participación de los inversores y el acceso a la información

La infraestructura digital admite la interacción integral de los inversores.

Características de la plataforma digital	Capacidades
Sitio web de relaciones con los inversores	Datos financieros en tiempo real, archivos de presentación
Portal de inversores	Seguimiento de rendimiento personalizado
Accesibilidad móvil	Compatibilidad de plataforma completa

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modelo de negocios: canales

Listado de mercado de valores públicos (NYSE)

Símbolo de ticker: Ftai

Intercambio	Fecha de listado	Capitalización de mercado
Bolsa de Nueva York	2 de mayo de 2017	$ 1.85 mil millones (a partir de enero de 2024)

Sitio web de relaciones con los inversores

Sitio web: www.ftainv.com

• Proporciona informes financieros completos
• Presentaciones de ganancias trimestrales
• SEC Archivos de presentación
• Información de contacto del inversor

Conferencias financieras y roadshows

Tipo de conferencia	Frecuencia	Audiencia principal
Conferencias de inversores institucionales	Trimestral	Inversores institucionales y analistas
Día anual de los inversores	Anualmente	Accionistas e inversores potenciales

Plataformas de inversión institucional

• Terminal de Bloomberg
• Conjunto de hechos
• S&P Capital IQ
• Thomson Reuters Eikon

Comunicación directa con los inversores

Canal de comunicación	Método de contacto
Correo electrónico de relaciones con los inversores	ir@ftaiv.com
Teléfono de relaciones con los inversores	+1 (212) 798-6100

Métricas de divulgación de inversores (2023):

• Total de reuniones de inversores: 42
• Cobertura de inversores institucionales: 15 firmas de investigación
• Ganancias trimestrales Participantes de llamadas: aproximadamente 75-100 analistas e inversores

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modelo de negocio: segmentos de clientes

Inversores institucionales

A partir del cuarto trimestre de 2023, el transporte de fortalezas e infraestructura Investors LLC atrae a inversores institucionales con importantes asignaciones de inversión:

Tipo de inversor	Inversión total ($)	Porcentaje de cartera
Grandes inversores institucionales	$ 487.6 millones	42.3%
Fondos de inversión institucional	$ 312.4 millones	27.1%

Empresas de capital privado

Los segmentos de clientes de FTAI incluyen empresas de capital privado con características de inversión específicas:

• Compromiso de inversión promedio: $ 75-120 millones
• Sectores de infraestructura y transporte
• Centrado en la apreciación del capital a largo plazo

Inversores individuales de alto nivel de red

Detalles del segmento de inversores individual de alto nivel de red:

Soporte de inversión	Tamaño de inversión promedio	Número de inversores
$ 1-5 millones	$ 2.3 millones	276
$ 5-10 millones	$ 7.5 millones	124

Fondos de inversión centrados en la infraestructura

Análisis del segmento de fondos de inversión de infraestructura:

• Inversiones totales de fondos de infraestructura: $ 623.9 millones
• Tamaño promedio del fondo: $ 187.4 millones
• Concentración del sector: transporte, infraestructura energética

Administradores de fondos de pensiones y jubilados

Inversión de fondos de pensiones profile:

Tipo de fondo	Inversión total	Duración de la inversión
Fondos de pensiones públicas	$ 412.7 millones	7-10 años
Fondos de jubilación corporativa	$ 276.3 millones	5-8 años

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modelo de negocio: Estructura de costos

Gastos de adquisición y mantenimiento de activos

A partir de 2023, los costos de adquisición de activos y mantenimiento de FTAI se detallaron de la siguiente manera:

Categoría de activos	Costo anual
Buques marinos	$ 87.4 millones
Infraestructura energética	$ 62.3 millones
Equipo de transporte	$ 45.6 millones

Gestión y gastos generales operativos

Desglose de sobrecarga operacional de FTAI para 2023:

• Gastos operativos totales: $ 156.2 millones
• Gastos generales y administrativos: $ 24.7 millones
• Compensación de gestión: $ 18.3 millones

Inversión en tecnología e infraestructura

Asignación de inversión tecnológica para 2023:

Área de inversión	Gasto
Infraestructura digital	$ 7.5 millones
Tecnología operacional	$ 5.2 millones
Ciberseguridad	$ 3.1 millones

Cumplimiento y costos regulatorios

Gastos de cumplimiento regulatorio para 2023:

• Cumplimiento legal y regulatorio: $ 6.8 millones
• Auditoría e informes financieros: $ 4.5 millones
• Seguro y gestión de riesgos: $ 9.2 millones

Gastos de marketing y relaciones con los inversores

Desglose de costos de marketing y relaciones con los inversores:

Categoría de gastos	Costo anual
Comunicaciones de los inversores	$ 1.6 millones
Participación de la conferencia financiera	$ 0.9 millones
Materiales de marketing	$ 0.5 millones

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modelo de negocio: Freeds de ingresos

Ingresos de arrendamiento de equipos

Para el año fiscal 2023, FTAI generó $ 333.5 millones en ingresos totales a partir del arrendamiento de equipos en múltiples segmentos de infraestructura.

Segmento	Ingresos de arrendamiento ($ M)
Buques marinos	147.2
Activos de aviación	112.6
Infraestructura de transporte	73.7

Apreciación de activos y ganancias de capital

En 2023, FTAI informó $ 52.4 millones en ganancias de capital realizadas de ventas de activos estratégicos y optimización de cartera.

Distribuciones de dividendos

FTAI mantuvo una estrategia de distribución de dividendos consistente:

• Dividendo anual por acción: $ 1.80
• Pago total de dividendos en 2023: $ 43.6 millones
• Rendimiento de dividendos: 6.3%

Interés de las inversiones de infraestructura

Los ingresos por intereses para 2023 totalizaron $ 24.7 millones, derivados de diversas inversiones de deuda de infraestructura.

Rendimientos de inversión basados ​​en el rendimiento

Las devoluciones basadas en el rendimiento en 2023 ascendieron a $ 41.3 millones, que representa el 12.4% de las fuentes de ingresos totales.

Categoría de inversión	Devoluciones ($ m)
Infraestructura energética	18.6
Inversiones de transporte	14.2
Infraestructura tecnológica	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.