Partnership Expects to Deploy More than $4 Billion into On-Lease Narrowbody Aircraft

NEW YORK, March 25, 2025 — FTAI Aviation Ltd. (NASDAQ: FTAI) (“FTAI” or the “Company”) today announced it has partnered with One Investment Management (“OneIM”) on its inaugural vehicle of FTAI’s Strategic Capital Initiative and expects to scale its acquisition of on-lease narrowbody aircraft over the coming quarters. The acquisitions are being funded through a combination of equity commitments and the previously announced commitment to provide $2.5 billion of asset-level debt financing from ATLAS SP Partners (“ATLAS SP”), the structured products business majority owned by Apollo funds, and Deutsche Bank AG, New York Branch.

The first vehicle under the initiative expects to deploy more than $4 billion of total capital into on-lease 737NG and A320ceo aircraft, allowing FTAI to maintain an asset-light business model while the partnership focuses on being a leading, scaled investor in the largest segment of the narrowbody aircraft market. The engines owned by the partnership will be powered exclusively via engine and module exchanges with FTAI’s Maintenance, Repair and Exchange (“MRE”) business.

Joseph P. Adams, CEO and Chairman of FTAI, commented, “We welcome OneIM as our strategic capital partner. We believe the partnership will allow us to remain focused on an asset-light balance sheet while also capitalizing on the synergies of a large portfolio of on-lease narrowbody aircraft and our proprietary engine maintenance capabilities. We believe the Strategic Capital Initiative will allow us to further expand our customer reach, drive innovation and deliver an enhanced engine maintenance solution to the global aviation ecosystem while creating value for our shareholders.”

Rajeev Misra, CEO and Co-Founder of OneIM, noted, “We are excited to partner with FTAI and see tremendous opportunities in the narrowbody aircraft leasing sector. This innovative and bespoke collaboration integrates FTAI’s best-in-class maintenance capabilities and aircraft acquisition capabilities which creates a differentiated competitive advantage for our partnership. As an early supporter of the FTAI team, we have full confidence in their ability to scale, drive market share growth and set new benchmarks for how engines are acquired and maintained worldwide.”

Advisors
In connection with FTAI’s Strategic Capital Initiative, Kirkland & Ellis LLP, McGuireWoods LLP and Gibson, Dunn & Crutcher LLP are serving as legal counsel and Lincoln International LLC is serving as financial advisor. Milbank LLP is serving as counsel to OneIM.