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FTAI Aviation Ltd. logo

FTAI Aviation Ltd. Business Segments

Business, geographic, and product segment breakdowns

FTAI Aviation Ltd. generates $2.8B in annual revenue across 2 key segments: Aerospace Products ($1.5B), and Aviation Leasing ($102.6M). Based on the Q1 2026 filing.

Aerospace Products (TTM)$1.5BAviation Leasing (TTM)$102.6M
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$24.8B
P/E Ratio46.14
ROE233.29%

Products & Services

Total revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace products revenue$342.1M$264.4M$420.7M$459.2M$456.1M$522.6M
MRE Contract revenue$0$100.6M$69.6M$58.7M$106.9M$221.2M
Equipment Leasing$66M$68.4M$62.4M$55.1M$49.3M$39.9M
Maintenance revenue$43.9M$49.6M$73.1M$52.4M$43.4M$30.6M
Asset sales revenue$46.2M$18.9M$47.9M$38.5M$1.6M$10.2M
Servicing Fees—$0$2.1M$3M$4.5M$5.9M

Geographic

Property, Plant and Equipment, Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia$596.5M—$419M$404.2M$323.5M$264.8M
Africa$37.4M—$22.9M$18.2M$17.2M$16.1M

Total revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia$86.2M$75.1M$93.5M$142.3M$124.1M$47.5M
Africa$1.3M$11.7M$25.6M$33.6M$21.3M$2.5M

Business Segments

Acquisition and transaction expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aviation Leasing$2.4M$2.9M$577K$3.6M$2.1M$4.2M
Aerospace Products$2M$1.1M$1.4M$599K$53K-$15K

Concentration risk (as a percent)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace Products—0.190.110.16—0.28

Cost of Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace Products$217.3M$228.8M$317.5M$328.2M$366M$511M
Aviation Leasing$40.4M$20M$51.8M$34.8M$2.8M$13.3M

Costs and Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace Products$230.1M$239.2M$331.6M$343.2M$379.9M$526.5M
Aviation Leasing$101.6M$85.4M$113.9M$98.7M$63.6M$74.2M

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aviation Leasing$50.3M$55.1M$50.4M$50.2M$50M$46.5M
Aerospace Products$3.5M$3.6M$3.7M$3.9M$4.5M$4.7M

Equity in (losses) earnings of unconsolidated entities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aviation Leasing$0-$777K-$782K-$1.1M$15.8M$7.7M
Aerospace Products-$401K$113K$714K$767K$1.3M-$40K

Gain on sale to the 2025 Partnership

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aviation Leasing—$10.9M$34.6M$4.6M$0$15.2M
Aerospace Products—$0$0$0$0$0

G&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace Products$0$0$0$0$0$0
Aviation Leasing$0$0$0$0$0$0

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace Products$111.6M$126M$159.4M$175.4M$189.9M$217.4M
Aviation Leasing$68M$94.4M$132.9M$56.1M$50.2M$82.8M

Interest Expense, Nonoperating

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace Products$0$0$0$0$0$0
Aviation Leasing$0$0$0$0$0$0

Less: Dividends on preferred shares

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace Products$0$0$0$0$0$0
Aviation Leasing$0$0$0$0$0$0

Net Income (Loss) Available to Common Stockholders, Basic

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace Products$101.3M$106.6M$133.6M$148.6M$159.5M$183.7M
Aviation Leasing$55.3M$77M$106.4M$41.6M$46.3M$64.4M

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace Products$101.3M$106.6M$133.6M$148.6M$159.5M$183.7M
Aviation Leasing$55.3M$77M$106.4M$41.6M$46.3M$64.4M

Nonoperating Income (Expense)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aviation Leasing$13.2M$42.7M$60.8M$5.6M$14.8M$70.1M
Aerospace Products-$401K$113K$714K$767K$6.7M$131K

Operating expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace Products$7.3M$5.7M$9M$10.5M$9.3M$10.8M
Aviation Leasing$8.5M$7.4M$11.1M$10.1M$8.6M$10.3M

Other income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aviation Leasing$13.2M$32.6M$27M$2.1M$2.8M$47.2M
Aerospace Products$0$0$0$0$5.4M$171K

Provision for income taxes

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace Products$10.4M$19.4M$25.8M$26.8M$30.4M$33.7M
Aviation Leasing$12.8M$17.3M$26.5M$14.5M$3.9M$18.3M

Total revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace Products$342.1M$365.1M$490.3M$517.9M$563M$743.8M
Aviation Leasing$156.4M$137M$186M$149.2M$99M$86.9M