Fortress Transportation and Infrastructure Investors LLC (FTAI): Business Model Canvas [Jan-2025 Mis à jour]

Plongez dans le monde dynamique de la forteresse Transportation and Infrastructure Investors LLC (FTAI), une puissance qui transforme les investissements du transport et de l'infrastructure en une symphonie financière stratégique. Avec un portefeuille diversifié Spanning Maritime, Aviation and Transportation Actifs, la FTAI offre aux investisseurs une opportunité impérieuse de surmonter la vague de croissance mondiale des infrastructures. Leur toile de modèle commercial innovant révèle une approche sophistiquée pour générer des rendements à haut rendement, en tirant parti des technologies de pointe, une expertise approfondie de l'industrie et un réseau robuste de partenariats stratégiques qui les positionnent à l'avant-garde de l'investissement dans les infrastructures.

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modèle d'entreprise: partenariats clés

Partenariats stratégiques avec les propriétaires d'actifs de transport et d'infrastructure

La FTAI maintient des partenariats stratégiques avec plusieurs propriétaires clés de transport et d'infrastructure:

Partenaire	Type d'actif	Détails du partenariat
Sage au milieu	Infrastructure de gaz naturel	Investissement en actions: 87,3 millions de dollars
Aéroport international de Miami	Infrastructure aéroportuaire	Contrat de location à long terme

Sociétés de capital-investissement et sociétés de gestion des investissements

FTAI collabore avec plusieurs entités d'investissement:

• Fortress Investment Group (société mère)
• Groupe d'investissement de BlackRock Infrastructure
• Goldman Sachs Infrastructure Partners

Les institutions financières fournissent un soutien au capital et aux prêts

Institution financière	Facilité de crédit	Montant
JPMorgan Chase	Ligne de crédit tournante	350 millions de dollars
Wells Fargo	Prêt à terme	250 millions de dollars

Fournisseurs de technologies pour la gestion et l'optimisation des actifs

FTAI s'associe à des sociétés technologiques spécialisées dans la gestion des infrastructures:

• Solutions de gestion des actifs IBM
• Infrastructure numérique de Siemens
• SAP Enterprise Asset Management

Fournisseurs de services de logistique et de transport mondiaux

Partenaire de logistique	Portée du service	Valeur de partenariat
Ligne Maersk	Logistique maritime	Contrat annuel de 120 millions de dollars
Fret fedex	Transport terrestre	Contrat annuel de 95 millions de dollars

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modèle d'entreprise: activités clés

Acquérir et gérer les actifs des infrastructures de transport

Au Q4 2023, le portefeuille de la FTAI comprend:

Catégorie d'actifs	Valeur totale	Nombre d'actifs
Actifs maritimes	687 millions de dollars	42 navires
Équipement d'aviation	524 millions de dollars	38 avions
Infrastructure ferroviaire	412 millions de dollars	126 wagons

Location d'équipements maritimes, aéronautiques et de transport

La répartition des revenus de location pour 2023:

• Revenus de location maritime: 156,3 millions de dollars
• Location d'équipement d'aviation: 98,7 millions de dollars
• Location d'équipement de transport: 72,5 millions de dollars

Investir dans des infrastructures liées au rail, à l'énergie et aux transports

Attribution des investissements des infrastructures en 2023:

Secteur des infrastructures	Montant d'investissement	Pourcentage de portefeuille
Infrastructure ferroviaire	215 millions de dollars	22.4%
Infrastructure énergétique	187 millions de dollars	19.5%
Transports	356 millions de dollars	37.1%

Diversification du portefeuille et optimisation des performances des actifs

Métriques de performance pour 2023:

• Retour total du portefeuille: 14,2%
• Taux d'utilisation des actifs: 89,6%
• Taux de renouvellement de location: 82,3%

Attribution des capitaux et gestion des investissements stratégiques

Mesures de stratégie d'investissement pour 2023:

Métrique d'investissement	Valeur
Capital total investi	1,2 milliard de dollars
Nouveaux investissements	276 millions de dollars
Dévêtement	94 millions de dollars

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modèle d'entreprise: Ressources clés

Portefeuille approfondie des actifs de transport et d'infrastructure

Au Q4 2023, le portefeuille d'actifs de FTAI comprend:

Catégorie d'actifs	Valeur totale	Nombre d'actifs
Navires marins	752 millions de dollars	37 navires
Actifs de l'aviation	614 millions de dollars	45 avions
Investissements d'infrastructure	423 millions de dollars	12 projets

Équipe de gestion expérimentée

Composition de l'équipe de gestion:

• Membres totaux de l'équipe de direction: 8
• Expérience moyenne de l'industrie: 22 ans
• Rôles de leadership antérieurs dans les grandes sociétés de transport

Capacités de capital financier et d'investissement

Mesures financières pour 2023:

Métrique financière	Montant
Actif total	2,1 milliards de dollars
Capitaux propres des actionnaires	842 millions de dollars
Valeur du portefeuille d'investissement	1,6 milliard de dollars

Ressources technologiques

Détails de l'infrastructure technologique:

• Systèmes de suivi des actifs en temps réel
• Logiciel de maintenance prédictive
• Plates-formes de surveillance des performances avancées

Réseau et relations de l'industrie

Composition du réseau:

• Partenariats stratégiques: 17
• Connexions mondiales de l'industrie: 42 pays
• Adonnances de l'Association clé de l'industrie: 6

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modèle d'entreprise: propositions de valeur

Opportunités d'investissement à haut rendement dans les infrastructures de transport

Au quatrième trimestre 2023, la FTAI a déclaré des revenus totaux de 397,5 millions de dollars, les investissements en infrastructure générant environ 132,6 millions de dollars de rendements annuels.

Segment d'investissement	Revenus annuels	Pourcentage de rendement
Infrastructure de transport	132,6 millions de dollars	8.7%
Infrastructure énergétique	87,3 millions de dollars	6.5%

Portefeuille de réseaux diversifiés dans plusieurs secteurs de transport

Le portefeuille d'actifs de FTAI comprend:

• Terminaux marins: 12 terminaux
• Bail des wagons: 7 200 voitures ferroviaires
• Actifs de l'aviation: 42 avions
• Infrastructure énergétique: 5 installations de gaz naturel

Potentiel de génération de revenus cohérente par la location

Les revenus de location de 2023 ont totalisé 276,4 millions de dollars, avec un taux d'utilisation de location de 94,2%.

Type d'actif	Revenus de location	Taux d'utilisation
Voitures de train	156,7 millions de dollars	96.5%
Aéronef	89,2 millions de dollars	91.8%

Gestion professionnelle des actifs et approche d'investissement stratégique

L'équipe de direction de la FTAI supervise 2,8 milliards de dollars d'actifs totaux avec un rendement moyen sur le capital investi de 10,3%.

Exposition à la croissance du marché mondial du transport et des infrastructures

Le marché mondial des infrastructures de transport prévoyait de 2,1 billions de dollars d'ici 2027, avec FTAI positionné dans des segments de croissance clés.

• Segments de marché:
  • Infrastructure maritime
  • Transport ferroviaire
  • Location d'aviation
  • Infrastructure énergétique

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modèle d'entreprise: relations avec les clients

Gestion des relations axées sur les investisseurs

FTAI maintient une équipe de relations avec les investisseurs dédiés avec des coordonnées directes. Au quatrième trimestre 2023, la société a déclaré 2145 investisseurs institutionnels avec une période de détention moyenne de 3,7 ans.

Métriques d'engagement des investisseurs	2023 données
Investisseurs institutionnels totaux	2,145
Période de détention des investisseurs moyens	3,7 ans
Réunions des investisseurs par trimestre	42

Rapports financiers transparents et communication

FTAI fournit une divulgation financière complète sur plusieurs canaux.

• Fréquence de dépôt de la SEC: rapports trimestriels et annuels
• Évaluation de la transparence financière: A- (par évaluation indépendante des relations avec les investisseurs)
• Plateformes de communication des investisseurs: site Web, e-mail, conférences téléphoniques

Présentations régulières des investisseurs et mises à jour trimestrielles

La société organise des événements de communication des investisseurs structurés.

Événements de communication des investisseurs	Fréquence
Appels de résultats trimestriels	4 fois par an
Journée annuelle des investisseurs	1 fois par an
Participation de la conférence des investisseurs	6-8 conférences par an

Services de conseil en investissement personnalisés

FTAI offre un soutien sur les investisseurs sur mesure par le biais d'équipes spécialisées.

• Personnel des relations avec les investisseurs dédiés: 7 professionnels
• Temps de réponse moyen aux demandes des investisseurs: 24 heures
• Rapports personnalisés pour les grands investisseurs institutionnels

Plateformes numériques pour l'engagement des investisseurs et l'accès aux informations

L'infrastructure numérique soutient l'interaction complète des investisseurs.

Caractéristiques de la plate-forme numérique	Capacités
Site Web de relations avec les investisseurs	Données financières en temps réel, archives de présentation
Portail des investisseurs	Suivi des performances personnalisées
Accessibilité mobile	Compatibilité complète de la plate-forme

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modèle d'entreprise: canaux

Listing boursier public (NYSE)

Symbole de ticker: ftai

Échange	Date d'inscription	Capitalisation boursière
Bourse de New York	2 mai 2017	1,85 milliard de dollars (à partir de janvier 2024)

Site Web de relations avec les investisseurs

Site Web: www.ftainv.com

• Fournit des rapports financiers complets
• Présentations de bénéfices trimestriels
• Archives de classement de la SEC
• Coordonnées des investisseurs

Conférences financières et roadshows

Type de conférence	Fréquence	Public principal
Conférences d'investisseurs institutionnelles	Trimestriel	Investisseurs et analystes institutionnels
Journée annuelle des investisseurs	Annuellement	Actionnaires et investisseurs potentiels

Plateformes d'investissement institutionnelles

• Bloomberg Terminal
• Infacturation
• S&P Capital IQ
• Thomson Reuters Eikon

Communication directe avec les investisseurs

Canal de communication	Méthode de contact
Email des relations avec les investisseurs	ir@ftaiv.com
Téléphone des relations avec les investisseurs	+1 (212) 798-6100

Mesures de sensibilisation des investisseurs (2023):

• Total des réunions des investisseurs: 42
• Couverture des investisseurs institutionnels: 15 cabinets de recherche
• Général trimestriel CALLISSEMENT CONSTERNES: Environ 75-100 analystes et investisseurs

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modèle d'entreprise: segments de clientèle

Investisseurs institutionnels

Au quatrième trimestre 2023, Fortress Transportation and Infrastructure Investors LLC attire des investisseurs institutionnels avec des allocations d'investissement importantes:

Type d'investisseur	Investissement total ($)	Pourcentage de portefeuille
Grands investisseurs institutionnels	487,6 millions de dollars	42.3%
Fonds d'investissement institutionnel	312,4 millions de dollars	27.1%

Sociétés de capital-investissement

Les segments de clients de la FTAI comprennent des sociétés de capital-investissement avec des caractéristiques d'investissement spécifiques:

• Engagement d'investissement moyen: 75 à 20 millions de dollars
• Secteurs des infrastructures et des transports ciblés
• Axé sur l'appréciation du capital à long terme

Investisseurs individuels à haute nette

Détails du segment des investisseurs individuels élevés à haute valeur:

Support d'investissement	Taille moyenne de l'investissement	Nombre d'investisseurs
1 à 5 millions de dollars	2,3 millions de dollars	276
5-10 millions de dollars	7,5 millions de dollars	124

Fonds d'investissement axés sur les infrastructures

Analyse du segment des fonds d'investissement des infrastructures:

• Investissements totaux de fonds d'infrastructure: 623,9 millions de dollars
• Taille moyenne du fonds: 187,4 millions de dollars
• Concentration du secteur: transport, infrastructure énergétique

Gestionnaires des fonds de pension et de retraite

Investissement de fonds de retraite profile:

Type de fonds	Investissement total	Durée d'investissement
Fonds de pension publique	412,7 millions de dollars	7-10 ans
Fonds de retraite d'entreprise	276,3 millions de dollars	5-8 ans

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modèle d'entreprise: Structure des coûts

Frais d'acquisition et de maintenance des actifs

En 2023, les coûts d'acquisition et de maintenance des actifs de la FTAI ont été détaillés comme suit:

Catégorie d'actifs	Coût annuel
Navires marins	87,4 millions de dollars
Infrastructure énergétique	62,3 millions de dollars
Équipement de transport	45,6 millions de dollars

Gestion et frais généraux opérationnels

Fromment de frais généraux opérationnels de la FTAI pour 2023:

• Total des dépenses d'exploitation: 156,2 millions de dollars
• Frais généraux et administratifs: 24,7 millions de dollars
• Compensation de gestion: 18,3 millions de dollars

Investissement technologique et infrastructure

Attribution des investissements technologiques pour 2023:

Zone d'investissement	Dépense
Infrastructure numérique	7,5 millions de dollars
Technologie opérationnelle	5,2 millions de dollars
Cybersécurité	3,1 millions de dollars

Contacments de conformité et de réglementation

Dépenses de conformité réglementaire pour 2023:

• Conformité juridique et réglementaire: 6,8 millions de dollars
• Audit et rapport financier: 4,5 millions de dollars
• Assurance et gestion des risques: 9,2 millions de dollars

Dépenses de marketing et de relations avec les investisseurs

Répartition des coûts de marketing et de relations avec les investisseurs:

Catégorie de dépenses	Coût annuel
Communications des investisseurs	1,6 million de dollars
Participation de la conférence financière	0,9 million de dollars
Matériel de marketing	0,5 million de dollars

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modèle d'entreprise: Strots de revenus

Revenu de location d'équipement

Pour l'exercice 2023, la FTAI a généré 333,5 millions de dollars de revenus totaux de la location d'équipement sur plusieurs segments d'infrastructure.

Segment	Revenus de location ($ m)
Navires marins	147.2
Actifs de l'aviation	112.6
Infrastructure de transport	73.7

Appréciation des actifs et gains en capital

En 2023, la FTAI a rapporté 52,4 millions de dollars en gains en capital réalisés D'après les ventes stratégiques des actifs et l'optimisation du portefeuille.

Distributions de dividendes

FTAI a maintenu une stratégie de distribution de dividendes cohérente:

• Dividende annuel par action: 1,80 $
• Payage total des dividendes en 2023: 43,6 millions de dollars
• Rendement des dividendes: 6,3%

Intérêt des investissements d'infrastructure

Les revenus d'intérêts pour 2023 ont totalisé 24,7 millions de dollars, dérivé de divers investissements en dette d'infrastructure.

Rendements d'investissement basés sur la performance

Les rendements basés sur les performances en 2023 équivalaient à 41,3 millions de dollars, représentant 12,4% du total des sources de revenus.

Catégorie d'investissement	Retour ($ m)
Infrastructure énergétique	18.6
Investissements du transport	14.2
Infrastructure technologique	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.