What smart money is saying about FTAI Aviation Ltd.
12 funds in our archive have pitched FTAI Aviation Ltd., most recently Alger Mid Cap Growth Fund in September 2026.
FTAI Aviation Ltd. is a company dedicated to the ownership and acquisition of critical equipment for the aviation and offshore energy industries, thereby supporting the worldwide movement of goods and people. The company operates through two primary divisions. The Aviation Leasing segment is responsible for managing, leasing, and selling aviation assets, which include commercial aircraft and their engines, to customers. By the end of 2023, specifically December 31st, this division's managed portfolio encompassed 363 aviation assets in total, consisting of 96 commercial aircraft and 267 engines. Notably, this count included 8 aircraft and 17 engines located in Russia. The Aerospace Products segment focuses on the entire lifecycle of aircraft engines and their aftermarket components, covering their development, production, maintenance, and sales. FTAI Aviation Ltd. was established in 2011 and maintains its corporate headquarters in New York, New York.
Get an email when a fund buys, sells or pitches it
Fund signal · last 12 months
25 lettersFunds are split between buying and selling
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q1 2025 and Q3 2026, 26 fund letters reported a position in FTAI Aviation Ltd., with 5 buys (opened or added) and 3 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 13 | 2 | 1 | 3 |
| Q2 2026 | 6 | 1 | 2 | 3 |
| Q1 2026 | 4 | 2 | 0 | 2 |
| Q4 2025 | 2 | 0 | 0 | 2 |
| Q2 2025 | 1 | 0 | 0 | 1 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 26 positions · 8 moves
- September 2026
“FTAI Aviation Ltd. (FTAI) fell for more company-specific reasons: second-quarter margins in its Aerospace Products segment came in below prior-year levels, and investors looked for further evidence of its power-generation opportunity beyond a large initial order.”
FTAI Aviation Ltd. - September 2026
“Performance among our holdings was dispersed: Woodward, BWX Technologies and FTAI Aviation declined, while Babcock International and Arxis posted modest gains.”
FTAI Aviation Ltd. - September 2026
“Industrials was the largest relative detractor in Q3, with weakness broadly distributed across the sector but most pronounced in building products, aerospace and defense and machinery. Aerospace and defense, our largest industry exposure within industrials, was pressured overall amid uncertainty around defense budgets and competitive dynamics, while higher energy prices raised concerns about airline economics and commercial aerospace demand. Performance among our holdings was dispersed: Woodward and FTAI Aviation declined, while Babcock International and Arxis posted modest gains.”
FTAI Aviation Ltd. - September 2026
“• FTAI Aviation (FTAI), owns and leases aircraft engines and operates a maintenance, repair, and exchange (MRE) platform. FTAI Aviation underperformed during the quarter as weaker than expected earnings, near-term margin pressures, and lingering investor uncertainty prompted a reassessment of its valuation following strong prior appreciation. We continue to hold the position, as we believe growing air travel demand, an aging global engine fleet, and the company’s evolving asset light leasing strategy support attractive long-term earnings growth and shareholder value creation.”
FTAI Aviation Ltd. - September 2026
“FTAI Aviation owns and maintains commercial jet engines, with a focus on the maintenance, repair and exchange of CFM56 and V2500 engines. We exited the position as a weaker quarter and increased uncertainty around the timing and scale of its FTAI Power opportunity reduced our conviction.”
FTAI Aviation Ltd. - September 2026
“FTAI Aviation is a vertically integrated aviation-aftermarket company that owns, repairs, and exchanges aircraft engines.”
FTAI Aviation Ltd. - September 2026
“FTAI Aviation Ltd., Astera Labs, Inc., and Western Digital Corporation were among the top detractors from performance.”
FTAI Aviation Ltd. - September 2026
Listed in Granahan Investment Management SMID Select Strategy’s reported holdings.
FTAI Aviation Ltd. - September 2026
“• FTAI Aviation (FTAI) – FTAI sells and leases CFM56 engine modules and is building a differentiated engine maintenance franchise. The stock fell -38%, detracting -151 basis points. Q2 results were mixed: the company reduced its leasing guidance as it shifts that business toward an asset-light, fee-based model, and margins ran below expectations as FTAI prioritized market share with large airline customers. The stock was also caught in the Q3 selloff in stocks connected to AI data centers, despite FTAI Power (whereby the company refurbishes and converts old airplane engines into power generators) signing an initial $1.5 billion order with a hyperscaler. We continue to view the core engine business as a long-duration compounder and the power generator program as underappreciated. FTAI is a modestly above-average position.”
FTAI Aviation Ltd. - September 2026
“1. FTAI Aviation Ltd. (Industrials, Core Growth)”
FTAI Aviation Ltd. - September 2026
“Later in the quarter, share-price declines improved the prospective returns of selected holdings, prompting us to add to high-conviction positions such as Carpenter Technology and FTAI Aviation.”
FTAI Aviation Ltd. - September 2026
“We materially increased the position as our assessment of prospective return improved relative to the underlying earnings opportunity.”
FTAI Aviation Ltd. - September 2026
Listed in Granahan Investment Management Small Cap Focused Growth Strategy’s reported holdings.
FTAI Aviation Ltd. - June 2026
“In addition to the transactions mentioned above, we initiated positions in Arxis, Sterling Infrastructure, and Woodward in the industrials sector, SiTime, Cipher Digital, D-Wave Quantum and DigitalOcean in the IT sector, Liftoff Mobile in the communication services sector and Axsome Therapeutics, Vaxcyte and Kymera Therapeutics in the health care sector. We exited positions in FTAI Aviation and Rocket Lab in the industrials sector, Colliers International in the real estate sector, Chime Financial in the financials sector, Doximity in the health care sector and IonQ in the IT sector.”
FTAI Aviation Ltd. - June 2026
“FTAI Aviation Ltd. (Industrials, Core Growth) — Trimmed FTAI Aviation gained during the quarter but lagged the stronger return of the Russell 2000 Growth Index. The company continued to execute well given strong demand for aviation aftermarket services, engine modules, and related leasing opportunities. We trimmed the stock to manage position size and valuation discipline while maintaining a constructive long-term view on FTAI’s differentiated business model and long-term earnings potential.”
FTAI Aviation Ltd. - June 2026
“We also continued steady adds to FTAI and VersaBank during the quarter’s weak patches.”
FTAI Aviation Ltd. - June 2026
Listed in Granahan Investment Management SMID Select Strategy’s reported holdings.
FTAI Aviation Ltd. - June 2026
“FTAI is a modestly above average position.”
FTAI Aviation Ltd. - June 2026
“FTAI Aviation continues to benefit from one of the strongest commercial aviation environments in decades, supported by persistent aircraft shortages, constrained engine supply, and elevated demand for maintenance and aftermarket services.”
FTAI Aviation Ltd. - New positionBrown Advisory Mid‑Cap GrowthMarch 2026
“FTAI Aviation (FTAI) buys, repairs, and leases jet engines and engine parts, primarily for Airbus and Boeing narrowbody aircraft. We like the company’s shift away from capital- intensive aircraft leasing and toward a higher-margin MRE (Maintain, Repair, Exchange) business, which should improve earnings quality and durability over time.”
FTAI Aviation Ltd. - March 2026
“FTAI Aviation contributed 17%, and Nebius (NBIS) contributed 14%; both are names where our original thesis remains intact and the businesses themselves continue to execute.”
FTAI Aviation Ltd. - March 2026
“• FTAI Aviation is a global aviation company specializing in the acquisition, leasing, and sales of aircraft and aircraft engines, particularly focusing on CFM56 and V2500 engines. The company operates through two main segments: Aviation Leasing, which manages and leases aviation assets generating rental income, and Aerospace Products, which develops, manufactures, repairs, and sells aircraft engines and aftermarket components. FTAI primarily earns revenue from leasing fees, equipment sales, and maintenance services. We believe FTAI has established a differentiated business model that maximizes profits from a highly attractive niche within the aerospace aftermarket—used CFM56 jet engines, which dominate short- to medium- haul flights globally. Portfolio Management Investment Strategy Primarily invests in growth equity securities of U.S. mid cap companies identified through our fundamental research as demonstrating promising growth potential. Seeks long-term capital appreciation. Brandon Geisler Senior Vice President Portfolio Manager 25 Years Investment Experience Dan Chung, CFA Chief Executive Officer, Chief Investment Officer Portfolio Manager 32 Years Investment Experience Benchmark Russell Midcap Growth Index Ticker Symbols Class A AMGAX Class C AMGCX Class Z AMCZX Standardized performance is available on page 3. C APITAL APPRE CIATION 2 /4 MID CAP GROW TH 2 / 3 1st Quarter 2026 During the quarter, shares contributed positively to performance fueled by several reinforcing catalysts.”
FTAI Aviation Ltd. - March 2026
“• FTAI Aviation is a global aviation company specializing in the acquisition, leasing, and sales of aircraft and aircraft engines, particularly focusing on CFM56 and V2500 engines. The company operates through two main segments: Aviation Leasing, which manages and leases aviation assets generating rental income, and Aerospace Products, which develops, manufactures, repairs, and sells aircraft engines and aftermarket components. FTAI primarily earns revenue from leasing fees, equipment sales, and maintenance services. We believe FTAI has established a differentiated business model that maximizes profits from a highly attractive niche within the aerospace aftermarket—used CFM56 jet engines, which dominate short- to medium-haul flights globally. During the quarter, shares contributed positively to performance fueled by several reinforcing catalysts.”
FTAI Aviation Ltd. - December 2025
“We benefited from stronger performance across investments in the industrials sector. RBC Bearings and FTAI Aviation were contributors to performance as the aerospace sector continues to see strong growth and profitability trends.”
FTAI Aviation Ltd. - HoldsTourlite CapitalDecember 2025
“FTAI Aviation (FTAI) In our prior letter, we outlined a path for FTAI to reach $250 per share over the next twelve months.”
FTAI Aviation Ltd. - June 2025
Listed in RS Mid Cap Growth Strategy’s reported holdings.
FTAI Aviation Ltd.
Fund coverage · 12 theses
- Alger Mid Cap Growth FundSeptember 2026
FTAI Aviation combines an integrated engine-maintenance platform with data-center power opportunities and benefits from constrained repair capacity and strong demand.
Read the full thesis - Granahan Investment Management Focused Growth StrategySeptember 2026
FTAI Aviation sells and leases engine modules and is building an engine maintenance franchise, with the core business viewed as a long-duration compounder.
Read the full thesis FTAI Aviation has an aerospace aftermarket and emerging power business, with an asset-light strategy expected to improve long-term growth and returns.
Read the full thesisFTAI Aviation operates an engine leasing and repair platform, benefiting from aviation supply shortages, strong aftermarket demand, execution, and compounding capital returns.
Read the full thesisFTAI Aviation sells and leases engine modules and is building a differentiated maintenance franchise with attractive growth opportunities.
Read the full thesisFTAI Aviation is an MRO and aerospace platform using a vertically integrated, increasingly capital-light model to compound earnings, expand into power, and benefit from strong aftermarket demand.
Read the full thesisFTAI Aviation is a leading CFM56 MRO platform using proprietary PMA parts and SCI to build a capital-light compounder, with additional growth optionality from FTAI Power.
Read the full thesis- Brown Advisory Mid‑Cap GrowthMarch 2026
FTAI Aviation is shifting toward higher-margin engine repair and exchange services, supported by strong aftermarket dynamics and additional power-generation upside.
Read the full thesis - Tourlite CapitalDecember 2025
FTAI Aviation is expanding with FTAI Power to repurpose CFM56 engines and has multiple catalysts that support a path to $3B EBITDA and further share upside.
Read the full thesis - Crossroads CapitalDecember 2025
FTAI Aviation Ltd. is reshaping a leading CFM56 MRO platform into a capital-light, high-margin model via proprietary PMA parts, SCI asset management, and new data-center power applications that enhance scalable unit economics.
Read the full thesis - Aristotle Small Mid Cap EquityJune 2025
FTAI Aviation is evolving its business model to leverage partnerships with private equity firms, aiming to grow its less capital-intensive aircraft engine leasing and maintenance services amid increasing global air travel demand.
Read the full thesis - Crossroads CapitalMarch 2025
FTAI Aviation is a high-quality aerospace company leveraging a strategic pivot and implemented initiatives to drive robust, uncorrelated growth amid market volatility.
Read the full thesis
Read every full thesis on FTAI Aviation Ltd.
Read all 12 theses in full, with each fund's reasoning, and get unlimited access to the archive.
View plans→