An aviation company that repairs, refurbishes, and sells CFM56 and V2500 jet engines — the workhorses of many narrowbody airliners — while also leasing aircraft and engines to airlines. It was founded in 2011 as Fortress Transportation and Infrastructure Investors, its FTAI name shortening that original identity, before spinning off its other businesses and renaming itself FTAI Aviation in 2022. Today it ranks among the world's largest owners of CFM56 engines.
FTAI Aviation shareholders elect three Class I directors and approve executive compensation at 2026 Annual Meeting
Director election results: Adams received 80,299,102 votes for; Hannaway received 71,852,516; Tuchman received 79,276,924, with broker non-votes of 8,894,304 for each.
Show detailsHide details
At the May 28, 2026 Annual Meeting, shareholders elected Joseph P. Adams Jr., Judith A. Hannaway, and Martin Tuchman as Class I directors to serve until the 2029 Annual General Meeting.
Shareholders approved, on a non-binding advisory basis, named executive officer compensation with 80,859,607 votes for, 4,510,523 against, and 41,213 abstentions.
Shareholders ratified KPMG LLP as independent registered public accounting firm for fiscal year ending December 31, 2026, with 94,181,439 votes for, 101,827 against, and 22,381 abstentions.
The report was filed under Item 5.07 to disclose the results of these shareholder votes.
5.07 Submission of Matters to a Vote of Security Holders
FTAI Aviation upsizes revolving credit facility to $2.025 billion, maturing April 2031
On April 24, 2026, FTAI Aviation Investors LLC entered into a Fourth Amended and Restated Credit Agreement, increasing revolving commitments from $400 million to $2.025 billion.
Show detailsHide details
The facility matures on April 24, 2031, and permits borrowings in U.S. Dollars and Euros, with up to $50 million available for letters of credit.
The facility is guaranteed by FTAI Aviation Ltd. and its material wholly-owned subsidiaries, and is secured by a first-priority lien on substantially all assets, excluding aircraft and certain leasing equipment.
The credit agreement includes financial covenants requiring a minimum Interest Coverage Ratio of 3.00 to 1.00 and a maximum Debt to EBITDA Ratio of 4.00 to 1.00, with a temporary increase to 4.50 to 1.00 for large acquisitions.
The facility was oversubscribed and is led by JPMorgan Chase Bank as Administrative Agent, with proceeds intended for working capital and general corporate purposes.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits
FTAI Aviation appoints Nicholas McAleese as CFO and Michael Hazan as CAO, effective March 6, 2026.
Nicholas McAleese, previously Senior Vice President of FP&A, was appointed Chief Financial Officer effective March 6, 2026.
Show detailsHide details
Michael Hazan, previously Senior Vice President, Controller, was appointed Chief Accounting Officer effective March 6, 2026.
Eun (Angela) Nam resigned as CFO and CAO effective March 6, 2026, to pursue an opportunity at a public company outside aviation; her departure is unrelated to any financial or accounting issues.
McAleese's annual base salary was increased to $525,000 and he received a one-time RSU grant valued at $1,200,000 vesting ratably over three years.
Hazan's annual base salary was increased to $425,000 and he received a one-time RSU grant valued at $1,000,000 vesting ratably over three years.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
FTAI Aviation appoints David Moreno President and Stacy Kuperus principal operating officer, effective Feb. 12, 2026.
Both Moreno and Kuperus remain Section 16 officers of the Company.
Show detailsHide details
David Moreno, 36, was appointed President, effective February 12, 2026; he previously served as Chief Operating Officer from 2021 to February 2026.
Stacy Kuperus, 40, was appointed principal operating officer, effective February 12, 2026; she previously served as Chief Portfolio Officer from 2021 to February 2026.
No arrangements or understandings with any other person led to their appointments, and neither has a family relationship with any director or executive officer.
During 2025, Moreno made a gross contribution of $2.0 million to the Company's Strategic Capital Initiative.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
FTAI Aviation adopts carried interest profit participation plan for Strategic Capital Initiative
Eligible employees, including executive officers, may receive PPP awards representing a portion of profit participation distributions from the Strategic Capital Initiative's partnerships.
Show detailsHide details
On January 22, 2026, FTAI Aviation Ltd. adopted the FTAI Aviation Strategic Capital Profit Participation Plan (PPP), a carried interest based incentive plan.
PPP awards generally vest ratably over four years (25% per anniversary), with acceleration on qualifying termination (without cause, for good reason, death, or disability).
Unvested awards are forfeited on other termination; upon a change in control, awards continue vesting unless not assumed or a qualifying termination occurs within 12 months.
The Company expects to identify participants and grant awards beginning in 2026, with the PPP to be filed as an exhibit later.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements