FTAI Aviation completes sale and leaseback of 9 of 19 aircraft with Avianca
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NEW YORK, Dec. 27, 2021 (GLOBE NEWSWIRE) – FTAI Aviation, a wholly owned subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) is pleased to announce the closing of the first 9 of 19 aircraft under ‘a sale and leaseback transaction with Aerovías del Continente Americano SA Avianca (“Avianca”). The remaining planes are expected to close subject to customary closure requirements by the end of February 2022.
“We are delighted to partner with Avianca again,” said Joe Adams, President and CEO of FTAI. “Our differentiated approach to aircraft leasing gives Avianca a lower total cost of ownership. “
“FTAI has become one of our most trusted partners,” said Francisco Raddatz, Vice President of Fleet at Avianca. “FTAI’s unique and flexible strategy is essential to our new business model. ”
About Fortress Transportation and Infrastructure Investors LLC
Fortress Transportation and Infrastructure Investors LLC owns and acquires high quality infrastructure and equipment that are essential for the transportation of goods and people around the world. FTAI targets assets that, on a combined basis, generate strong and stable cash flow with the potential for earnings growth and asset appreciation. FTAI is managed externally by a subsidiary of Fortress Investment Group LLC, a leading diversified global investment firm.
Caution regarding forward-looking statements
Certain statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding leases and transactions which have not yet been concluded. , and any financing planned in connection with these leases and transactions. These statements are based on the current expectations and beliefs of management and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in forward-looking statements, many of which are beyond the control. control of the Company. The Company cannot guarantee that its expectations will be met and these differences may be material. Therefore, you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the important risks and factors that could affect these forward-looking statements, see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the most recent Company Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available on the Company’s website (www.ftandi.com). In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of each factor that could cause its actual results to differ from those contained in forward-looking statements. These forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to publicly publish any update or revision to any forward-looking statement contained herein to reflect any change in the Company’s expectations in this regard or any change in the events, conditions or circumstances on which a statement is based. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities.
For more information, please contact:
Alan Andreini Investor Relations Fortress Transportation and Infrastructure Investors LLC (212) [email protected]
Source: Fortress Transportation and Infrastructure Investors LLC