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 and United expands its engine exchange deal while technical pressure and weak market momentum stay in focus.
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Macquarie analyst Marni Lysaght initiates coverage on FTAI Aviation (NASDAQ:FTAI) with a Outperform rating and announces Price Target of $305.
U.S. stock futures fell, with Dow futures down 450 points. Argenx sank 8.7% after a Sjögren’s trial was halted for futility; others also slid.
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.
FTAI Aviation acquires 27 Boeing 737-700 aircraft from WestJet, including 17 leased aircraft and 10 off-lease planes for its businesses.
FTAI GMF Partnership locks in five years of Asia-Pacific engine capacity and opens the door to CFM LEAP maintenance.