FTAI Aviation Ltd. (NASDAQ: FTAI) has signed a multi-year Perpetual Power Agreement with Finnair Plc (“Finnair”), covering 36 CFM56-5B engines, to provide engine exchanges in lieu of shop visits to enhance flexibility, fleet reliability and maintenance cost predictability.

FTAI’s innovative Perpetual Power Program provides airlines with bespoke solutions to manage their fleets by avoiding costly engine shop visits, reducing downtime, and adding flexibility to make fleet decisions on their own terms through guaranteed engine availability. Leveraging FTAI’s extensive in-house maintenance capabilities to provide serviceable engines, the program supports Finnair targets for reliability and cost-efficiency in flight operations.

“Perpetual Power is about cost savings and flexibility,” said David Moreno, Chief Operating Officer at FTAI Aviation. “Instead of being dependent on long, expensive overhauls, airlines can rely on FTAI for immediate engine exchange solutions that save money and keep their fleets operating at optimal utilization.”

Christine Rovelli, Chief Revenue Officer at Finnair, said, “This agreement with FTAI strengthens our ability to adapt as our fleet evolves. By securing access to a flexible engine program, we can better manage maintenance costs, improve reliability, and continue to deliver a reliable product to our customers.”