FTAI Aviation Posts Q1 Net Income $137.9M, Upsizes Credit Facility to $2.025B
FTAI Aviation Ltd. reported Q1 net income of $137.9 million ($1.29 EPS) on revenue of $830.7 million, with aerospace products revenue rising 104% to $743.8 million. The company upsized its revolving credit facility to $2.025 billion, extended maturity to April 2031, and raised its dividend to $0.45 per share.
1. Q1 2026 Financial Results
FTAI Aviation Ltd. reported net income of $137.9 million in the first quarter of 2026, driven by revenue of $830.7 million and adjusted EBITDA of $325.6 million. Diluted EPS reached $1.29 while basic EPS was $1.31.
2. Dividend Increase
On April 28, 2026, the board raised the cash dividend on ordinary shares to $0.45 per share, marking the third consecutive quarterly increase. Preferred Series C and D dividends were declared at $0.51563 and $0.59375 per share, respectively.
3. Revolving Credit Facility Upsize
The company amended its revolving credit facility, increasing commitments from $400 million to $2.025 billion and extending maturity to April 2031. The syndicated facility, led by JPMorgan Chase with support from major global banks, lowers borrowing costs and supports growth objectives.
4. Strategic JV and Business Highlights
Aerospace products revenue surged 104% year-over-year to $743.8 million, with segment adjusted EBITDA up 70% to $222.6 million. FTAI also upsized its SCI I warehouse financing from $2.5 billion to $3.5 billion and launched a packaging and distribution joint venture with Jereh Group targeting 100 Mod-1 CFM56 units by 2027.