FTAI Aviation Adds Seven Airbus Jets, Citizens Raises Price Target to $325
FTAI Aviation bought seven off-lease Airbus jets from Air France on February 17—one A318-100, four A319-100 and two A321-200 aircraft. Citizens lifted its January 21 price target for FTAI Aviation to $325 from $230, maintaining a Market Outperform rating and citing strong growth and free cash flow.
1. Acquisition of Seven Off-Lease Airbus Jets
FTAI Aviation finalized the purchase on February 17 of seven off-lease narrow-body Airbus aircraft from Air France, comprising one A318-100, four A319-100 and two A321-200. This deal supports its strategy to modernize its fleet and enhance engine repair asset value for MRE solutions.
2. Citizens Increases Price Target to $325
On January 21, Citizens research firm raised its price target for FTAI Aviation to $325 from $230, retaining a Market Outperform rating. The firm highlighted the company's strong growth trajectory and solid free cash flow prospects as justification for the upgrade.