SAN DIEGO, Jan. 17, 2025 (GLOBE NEWSWIRE) -- DiCello Levitt LLP announces that it is investigating whether FTAI Aviation Ltd. (“FTAI” or the “Company”) (NASDAQ: FTAI) violated the federal securities laws, issued false and/or misleading statements, and/or failed to disclose information required to be disclosed to investors.
Investors who purchased FTAI securities and those with information about the allegations are encouraged to obtain additional information and assist the firm’s investigation by contacting DiCello Levitt attorneys Brian O’Mara or Ruben Peña by calling (888) 287-9005 or emailing investors@dicellolevitt.com.
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Investigation Details:
FTAI is a provider of aftermarket power and maintenance for commercial jet engines that also leases jet engines and aerospace products. DiCello Levitt is investigating whether FTAI misrepresented and/or failed to disclose material information to inflate the revenue margins of its Aerospace Products segment through accounting manipulation practices.
On January 15, 2025, Muddy Waters Research published a critical research report titled “FTAI Aviation: Financial Engineering and Accounting Manipulation in the MRO Business,” alleging, among other things, that “FTAI is exaggerating the size of its aftermarket aerospace business” by “[i]nflating Aerospace Products’ EBITDA margins by means of over-depreciation in the leasing segment.” According to the report, Muddy Waters Research claims that FTAI “is misleading investors by reporting one-time engine sales as Maintenance Repair & Overhaul (MRO) revenue in its Aerospace Products (AP) segment” to “generate a valuation materially greater than that of a leasing business.” Muddy Waters Research also claims “the goal of these misrepresentations” was to enable Fortress to sell “significant stock in a May 2024 secondary offering on the back of FTAI’s misleading narrative.”
On this news, the price of FTAI common stock fell $37.21 per share, from a closing price of $153.29 per share on January 14, 2025, to a closing price of $116.08 per share on January 15, 2025, a decline of 24.27% on heavy volume.
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