FTAI Aviation, headquartered in New York City, supplies CFM56 engines and manages 330 aviation assets, employing 170 staff since its IPO on May 14, 2015. It operates in Aviation Leasing and Aerospace Products segments, offering cost-saving solutions to customers.
FTAI has been in the news recently: In September, the U.S. labor market demonstrated robust growth, which has created uncertainty regarding a potential Federal Reserve rate cut in December. Jim Cramer recommended holding shares of Howmet Aerospace Inc. (NYSE:HWM) while advising against investing in Marvell Technology, Inc. (NASDAQ:MRVL) during CNBC's "Mad Money Lightning Round."
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