8-KOther EventsExhibits & Filings

FTAI Aviation Ltd. 8-K Report, Corporate Update (Jul 12, 2022)

Filed July 12, 2022For Securities:FTAIFTAIMFTAIN

Summary

FTAI Aviation Ltd. (FTAI) announced a significant step towards its previously disclosed spin-off of its infrastructure business. The company's Board of Directors has set July 21, 2022, as the record date for the distribution of FTAI Infrastructure LLC shares. Shareholders of record on this date will receive one share of FTAI Infrastructure common stock for every FTAI common share they own. This distribution is a crucial step in separating the infrastructure segment into a distinct publicly traded entity, which is expected to be named FTAI Infrastructure Inc. prior to the distribution. The spin-off is anticipated to occur on or about August 1, 2022, pending the effectiveness of FTAI Infrastructure's registration statement on Form 10 with the SEC, which FTAI expects in the near future. This move allows investors to better understand and value the distinct operational and strategic focuses of both the aviation leasing business and the growing infrastructure segment.

Key Highlights

  • 1FTAI Aviation Ltd. has set a record date of July 21, 2022, for the spin-off of its infrastructure subsidiary.
  • 2Shareholders will receive one share of FTAI Infrastructure common stock for each FTAI common share held.
  • 3The spin-off is expected to be completed around August 1, 2022.
  • 4The infrastructure business will operate as FTAI Infrastructure LLC and is expected to convert to FTAI Infrastructure Inc. before the distribution.
  • 5The distribution is contingent upon the SEC declaring FTAI Infrastructure's Form 10 registration statement effective.
  • 6FTAI expects the Form 10 declaration of effectiveness in the coming days.
  • 7This separation aims to provide distinct strategic and investment profiles for both the aviation and infrastructure businesses.

Frequently Asked Questions

FTAI Aviation Ltd. is formally setting the record date for the spin-off of its infrastructure business, FTAI Infrastructure LLC. This is a critical procedural step towards separating the two businesses into independent entities.

Shareholders of FTAI Aviation Ltd. who own shares as of the record date (July 21, 2022) will receive one share of common stock in the newly separated FTAI Infrastructure Inc. for each common share of FTAI they own.

The distribution of shares is expected to occur on or about August 1, 2022. However, this is subject to the SEC declaring FTAI Infrastructure's registration statement on Form 10 effective, which is anticipated in the near future.

If your shares are held through a broker, the new shares will typically be credited to your account automatically. If you hold shares directly, you should consult FTAI's official communications or your brokerage firm for specific instructions, though generally no action is required for a standard distribution.