Fortress Transportation and Infrastructure Investors LLC (FTAI): Modelo de Negócios Canvas [Jan-2025 Atualizado]

Mergulhe no mundo dinâmico do Fortress Transportation and Infrastructure Investors LLC (FTAI), uma potência que transforma investimentos em transporte e infraestrutura em uma sinfonia financeira estratégica. Com um Portfólio diversificado Abrangendo ativos marítimos, de aviação e transporte, a FTAI oferece aos investidores uma oportunidade convincente de aumentar a onda de crescimento global da infraestrutura. Seu modelo inovador de negócios Canvas revela uma abordagem sofisticada para gerar retornos de alto rendimento, alavancar a tecnologia de ponta, a profunda experiência no setor e uma rede robusta de parcerias estratégicas que as posicionam na vanguarda do investimento em infraestrutura.

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modelo de negócios: Parcerias -chave

Parcerias estratégicas com proprietários de ativos de transporte e infraestrutura

A FTAI mantém parcerias estratégicas com vários proprietários importantes de transporte e ativos de infraestrutura:

Parceiro	Tipo de ativo	Detalhes da parceria
Sálvia midstream	Infraestrutura de gás natural	Investimento de patrimônio: US $ 87,3 milhões
Aeroporto Internacional de Miami	Infra-estrutura aeroportuária	Contrato de arrendamento de longo prazo

Empresas de private equity e empresas de gerenciamento de investimentos

A FTAI colabora com várias entidades de investimento:

• Grupo de Investimento de Fortaleza (empresa -mãe)
• BlackRock Infrastructure Investment Group
• Parceiros de infraestrutura do Goldman Sachs

Instituições financeiras que fornecem suporte de capital e empréstimo

Instituição financeira	Linha de crédito	Quantia
JPMorgan Chase	Linha de crédito giratória	US $ 350 milhões
Wells Fargo	Empréstimo a prazo	US $ 250 milhões

Provedores de tecnologia para gerenciamento e otimização de ativos

A FTAI faz parceria com empresas de tecnologia especializadas em gerenciamento de infraestrutura:

• IBM Asset Management Solutions
• Infraestrutura digital da Siemens
• SAP Enterprise Asset Management

Provedores de serviços de logística e transporte globais

Parceiro de logística	Escopo de serviço	Valor da parceria
Linha Maersk	Logística marítima	Contrato anual de US $ 120 milhões
FedEx Freight	Transporte terrestre	Contrato anual de US $ 95 milhões

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modelo de negócios: Atividades -chave

Aquisição e gerenciamento de ativos de infraestrutura de transporte

A partir do quarto trimestre 2023, o portfólio da FTAI inclui:

Categoria de ativos	Valor total	Número de ativos
Ativos marítimos	US $ 687 milhões	42 navios
Equipamento de aviação	US $ 524 milhões	38 aeronaves
Infraestrutura ferroviária	US $ 412 milhões	126 vagões

Equipamento marítimo, aviação e transporte de leasing

Receita de leasing Receita para 2023:

• Receita de leasing marítimo: US $ 156,3 milhões
• Leasing de equipamentos de aviação: US $ 98,7 milhões
• Leasing de equipamentos de transporte: US $ 72,5 milhões

Investir em infraestrutura ferroviária, de energia, energia e transporte relacionada ao transporte

Alocação de investimentos em infraestrutura em 2023:

Setor de infraestrutura	Valor do investimento	Porcentagem de portfólio
Infraestrutura ferroviária	US $ 215 milhões	22.4%
Infraestrutura energética	US $ 187 milhões	19.5%
Instalações de transporte	US $ 356 milhões	37.1%

Diversificação de portfólio e otimização de desempenho de ativos

Métricas de desempenho para 2023:

• Retorno total do portfólio: 14,2%
• Taxa de utilização de ativos: 89,6%
• Taxa de renovação do arrendamento: 82,3%

Alocação de capital e gestão estratégica de investimentos

Métricas de estratégia de investimento para 2023:

Métrica de investimento	Valor
Total Invested Capital	US $ 1,2 bilhão
Novos investimentos	US $ 276 milhões
A desinvestimento prossegue	US $ 94 milhões

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modelo de negócios: Recursos -chave

Extenso portfólio de transporte e ativos de infraestrutura

A partir do quarto trimestre 2023, o portfólio de ativos da FTAI inclui:

Categoria de ativos	Valor total	Número de ativos
Navios marinhos	US $ 752 milhões	37 navios
Ativos de aviação	US $ 614 milhões	45 aeronaves
Investimentos de infraestrutura	US $ 423 milhões	12 projetos

Equipe de gerenciamento experiente

Composição da equipe de gerenciamento:

• Total de membros da equipe executiva: 8
• Experiência média da indústria: 22 anos
• Funções anteriores de liderança nas principais empresas de transporte

Capital financeiro e recursos de investimento

Métricas financeiras para 2023:

Métrica financeira	Quantia
Total de ativos	US $ 2,1 bilhões
Equidade dos acionistas	US $ 842 milhões
Valor da portfólio de investimentos	US $ 1,6 bilhão

Recursos tecnológicos

Detalhes da infraestrutura de tecnologia:

• Sistemas de rastreamento de ativos em tempo real
• Software de manutenção preditiva
• Plataformas avançadas de monitoramento de desempenho

Rede e relacionamentos da indústria

Composição de rede:

• Parcerias estratégicas: 17
• Conexões da indústria global: 42 países
• Principais associações da Associação da Indústria: 6

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modelo de negócios: proposições de valor

Oportunidades de investimento de alto rendimento em infraestrutura de transporte

A partir do quarto trimestre de 2023, a FTAI registrou receitas totais de US $ 397,5 milhões, com investimentos em infraestrutura gerando aproximadamente US $ 132,6 milhões em retornos anuais.

Segmento de investimento	Receita anual	Porcentagem de rendimento
Infraestrutura de transporte	US $ 132,6 milhões	8.7%
Infraestrutura energética	US $ 87,3 milhões	6.5%

Portfólio de ativos diversificado em vários setores de transporte

O portfólio de ativos da FTAI compreende:

• Terminais marinhos: 12 terminais
• Leasing Railcar: 7.200 vagões ferroviários
• Ativos de aviação: 42 aeronaves
• Infraestrutura energética: 5 instalações de gás natural

Potencial para geração de renda consistente através do leasing

A receita de leasing para 2023 totalizou US $ 276,4 milhões, com uma taxa de utilização de arrendamento de 94,2%.

Tipo de ativo	Receita de arrendamento	Taxa de utilização
Vagões	US $ 156,7 milhões	96.5%
Aeronave	US $ 89,2 milhões	91.8%

Gerenciamento profissional de ativos e abordagem de investimento estratégico

A equipe de gerenciamento da FTAI supervisiona US $ 2,8 bilhões em ativos totais com um retorno médio sobre o capital investido de 10,3%.

Exposição ao crescimento global do mercado de transporte e infraestrutura

O mercado global de infraestrutura de transporte projetado para atingir US $ 2,1 trilhões até 2027, com a FTAI posicionada em segmentos de crescimento importantes.

• Segmentos de mercado:
  • Infraestrutura marítima
  • Transporte ferroviário
  • Leasing de aviação
  • Infraestrutura energética

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modelo de Negócios: Relacionamentos do Cliente

Gerenciamento de relacionamento focado em investidores

A FTAI mantém uma equipe dedicada de relações com investidores com informações de contato direto. A partir do quarto trimestre de 2023, a empresa registrou 2.145 investidores institucionais com um período médio de espera de 3,7 anos.

Métricas de engajamento do investidor	2023 dados
Total de investidores institucionais	2,145
Período médio de retenção de investidores	3,7 anos
Reuniões de investidores por trimestre	42

Relatórios financeiros transparentes e comunicação

O FTAI fornece divulgação financeira abrangente por meio de vários canais.

• Frequência de arquivamento da SEC: relatórios trimestrais e anuais
• Classificação de transparência financeira: A- (por avaliação independente de relações com investidores)
• Plataformas de comunicação de investidores: site, e -mail, chamadas de conferência

Apresentações regulares de investidores e atualizações trimestrais

A empresa realiza eventos estruturados de comunicação de investidores.

Eventos de comunicação de investidores	Freqüência
Chamadas de ganhos trimestrais	4 vezes anualmente
Dia do Investidor Anual	1 tempo anualmente
Participação da Conferência de Investidores	6-8 Conferências por ano

Serviços de consultoria de investimento personalizados

A FTAI oferece suporte para investidores personalizados por meio de equipes especializadas.

• Funcionários dedicados de relações com investidores: 7 profissionais
• Tempo médio de resposta às consultas dos investidores: 24 horas
• Relatórios personalizados para grandes investidores institucionais

Plataformas digitais para engajamento e acesso à informação dos investidores

A infraestrutura digital suporta interação abrangente do investidor.

Recursos da plataforma digital	Recursos
Site de Relações com Investidores	Dados financeiros em tempo real, arquivos de apresentação
Portal de investidores	Rastreamento de desempenho personalizado
Acessibilidade móvel	Compatibilidade completa da plataforma

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modelo de Negócios: Canais

Listagem pública do mercado de ações (NYSE)

Símbolo do ticker: ftai

Intercâmbio	Data de listagem	Capitalização de mercado
Bolsa de Valores de Nova York	2 de maio de 2017	US $ 1,85 bilhão (em janeiro de 2024)

Site de Relações com Investidores

Site: www.ftainv.com

• Fornece relatórios financeiros abrangentes
• Apresentações trimestrais de ganhos
• Arquivos de arquivamento da SEC
• Informações de contato do investidor

Conferências financeiras e roadshows

Tipo de conferência	Freqüência	Público principal
Conferências de investidores institucionais	Trimestral	Investidores e analistas institucionais
Dia do Investidor Anual	Anualmente	Acionistas e potenciais investidores

Plataformas de investimento institucional

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

Comunicação direta com investidores

Canal de comunicação	Método de contato
Email de relações com investidores	ir@ftaiv.com
Telefone de relações com investidores	+1 (212) 798-6100

Métricas de divulgação de investidores (2023):

• Total de reuniões de investidores: 42
• Cobertura institucional do investidor: 15 empresas de pesquisa
• Os ganhos trimestrais chamam os participantes: aproximadamente 75-100 analistas e investidores

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

Investidores institucionais

A partir do quarto trimestre 2023, a Fortress Transportation and Infrastructure Investors LLC atrai investidores institucionais com alocações significativas de investimento:

Tipo de investidor	Investimento total ($)	Porcentagem de portfólio
Grandes investidores institucionais	US $ 487,6 milhões	42.3%
Fundos de investimento institucional	US $ 312,4 milhões	27.1%

Empresas de private equity

Os segmentos de clientes da FTAI incluem empresas de private equity com características específicas de investimento:

• Compromisso médio de investimento: US $ 75-120 milhões
• Setores de infraestrutura e transporte direcionados
• Focado na apreciação de capital a longo prazo

Investidores individuais de alta rede

Detalhes do segmento de investidores individuais de alto patrimônio líquido:

Suporte de investimento	Tamanho médio de investimento	Número de investidores
US $ 1-5 milhões	US $ 2,3 milhões	276
US $ 5 a 10 milhões	US $ 7,5 milhões	124

Fundos de investimento focados em infraestrutura

Análise do segmento de fundos de investimento em infraestrutura:

• Investimentos totais de fundos de infraestrutura: US $ 623,9 milhões
• Tamanho médio do fundo: US $ 187,4 milhões
• Concentração do setor: transporte, infraestrutura energética

Gestores de fundos de pensão e aposentadoria

Investimento de fundos de pensão profile:

Tipo de fundo	Investimento total	Duração do investimento
Fundos de pensão pública	US $ 412,7 milhões	7-10 anos
Fundos de aposentadoria corporativa	US $ 276,3 milhões	5-8 anos

Fortress Transportation and Infrastructure Investors LLC (FTAI) - Modelo de negócios: estrutura de custos

Despesas de aquisição e manutenção de ativos

A partir de 2023, os custos de aquisição e manutenção de ativos da FTAI foram detalhados da seguinte forma:

Categoria de ativos	Custo anual
Navios marinhos	US $ 87,4 milhões
Infraestrutura energética	US $ 62,3 milhões
Equipamento de transporte	US $ 45,6 milhões

Gestão e sobrecarga operacional

A quebra de sobrecarga operacional da FTAI para 2023:

• Despesas operacionais totais: US $ 156,2 milhões
• Despesas gerais e administrativas: US $ 24,7 milhões
• Compensação de gerenciamento: US $ 18,3 milhões

Investimento em tecnologia e infraestrutura

Alocação de investimento em tecnologia para 2023:

Área de investimento	Gasto
Infraestrutura digital	US $ 7,5 milhões
Tecnologia operacional	US $ 5,2 milhões
Segurança cibernética	US $ 3,1 milhões

Conformidade e custos regulatórios

Despesas de conformidade regulatória para 2023:

• Conformidade legal e regulatória: US $ 6,8 milhões
• Auditoria e relatórios financeiros: US $ 4,5 milhões
• Seguro e gerenciamento de riscos: US $ 9,2 milhões

Despesas de marketing e relações com investidores

Relações de marketing e relações de investidores Redução de custos:

Categoria de despesa	Custo anual
Comunicações de investidores	US $ 1,6 milhão
Participação da conferência financeira	US $ 0,9 milhão
Materiais de marketing	US $ 0,5 milhão

Fortaleza Transporte e Infraestrutura Investors LLC (FTAI) - Modelo de negócios: fluxos de receita

Receita de arrendamento de equipamentos

Para o ano fiscal de 2023, a FTAI gerou US $ 333,5 milhões em receita total do arrendamento de equipamentos em vários segmentos de infraestrutura.

Segmento	Receita de leasing ($ m)
Navios marinhos	147.2
Ativos de aviação	112.6
Infraestrutura de transporte	73.7

Apreciação de ativos e ganhos de capital

Em 2023, relatou a FTAI US $ 52,4 milhões em ganhos de capital realizados A partir de vendas estratégicas de ativos e otimização de portfólio.

Distribuições de dividendos

A FTAI manteve uma estratégia de distribuição de dividendos consistente:

• Dividendo anual por ação: US $ 1,80
• Pagamento total de dividendos em 2023: US $ 43,6 milhões
• Rendimento de dividendos: 6,3%

Interesse de investimentos em infraestrutura

A receita de juros de 2023 totalizou US $ 24,7 milhões, derivada de diversos investimentos em dívidas de infraestrutura.

Retornos de investimento baseados em desempenho

Retornos baseados em desempenho em 2023 totalizaram US $ 41,3 milhões, representando 12,4% do total de fluxos de receita.

Categoria de investimento	Retorna ($ m)
Infraestrutura energética	18.6
Investimentos em transporte	14.2
Infraestrutura de tecnologia	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.