FTAI Aviation authorizes $500 million share buyback

FTAI Aviation’s ($FTAI) board authorized a new program to repurchase up to $500 million of ordinary shares. The authorization runs through September 2029, with purchases expected to be funded from cash on the balance sheet. It gives management another way to deploy capital alongside the company’s aviation business.

Repurchases may be made in the market or through negotiated transactions, depending on prices, market conditions and other considerations. The program does not require FTAI to buy a particular number of shares or spend the full amount, and it can be modified or suspended. The $500 million is therefore available authorization, not a completed buyback or a commitment to return that sum immediately.

Sources:

• FTAI Aviation — repurchase authorization