Macquarie Initiates Coverage On FTAI Aviation with Outperform Rating, Announces Price Target of $305
Macquarie analyst Marni Lysaght initiates coverage on FTAI Aviation (NASDAQ:FTAI) with a Outperform rating and announces Price Target of $305.
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FTAI Aviation Announces Multi-Year Maintenance, Repair And Exchange Agreement With United Airlines; Terms Not Disclosed
The companies’ exchange relationship began with United’s V2500-powered fleet and has been extended to designated CFM56-7B engines with the program structured to grow over its term.Under the MRE program, FTAI delivers a
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FTAI Extends United Airlines Maintenance Partnership With Multi-Year Engine Deal
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FTAI and United Airlines Expand Engine Exchange Program to CFM56-7B
FTAI Aviation announced a multi-year Maintenance, Repair and Exchange (MRE) agreement with United Airlines, expanding an existing V2500 engine exchange program to include CFM56-7B engines. Under the program, FTAI delivers serviceable engines ahead of United's scheduled removals and purchases the unserviceable engines, eliminating traditional shop visits and reducing maintenance costs and downtime for United's Boeing 737 NG fleet.
United Airlines shares are trading lower after UBS lowered its price target on the stock from $146 to $139.
UBS Maintains Buy on United Airlines Holdings, Lowers Price Target to $139
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