FTAI Aviation (FTAI) has announced a new partnership with One Investment Management (OneIM) as part of its inaugural vehicle under FTAI's ‘Strategic Capital Initiative'. The company anticipates accelerating its acquisition of on-lease narrow-body aircraft over the coming quarters. This expansion is being financed through a combination of equity commitments and a previously announced US$2.5 billion asset-level debt facility from ATLAS SP Partners (ATLAS SP), the structured products business majority-owned by Apollo funds, and Deutsche Bank AG, New York Branch.
The first vehicle launched under this initiative is expected to deploy over US$4 billion of total capital into on-lease 737NG and A320ceo aircraft. This strategy enables FTAI to preserve its asset-light business model while the partnership aims to establish itself as a leading investor within the largest segment of the narrow-body aircraft market. The engines owned through the partnership will be serviced exclusively via engine and module exchanges with FTAI's maintenance, repair and exchange (MRE) business, further leveraging the company's in-house expertise.
Joseph P. Adams, CEO and Chairman of FTAI, expressed his enthusiasm for the new collaboration, stating the partnership with OneIM strengthens FTAI's focus on maintaining an asset-light balance sheet. At the same time, it allows the company to maximise synergies from a substantial portfolio of on-lease narrow-body aircraft and its proprietary engine maintenance capabilities. FTAI believes this Strategic Capital Initiative will expand its customer base, drive innovation, and enhance its engine maintenance solutions across the global aviation sector while creating long-term value for shareholders.
