FTAI Aviation Ltd. said it authorized a share repurchase program of up to $500 million of its outstanding ordinary shares, announcing the move Monday.
The program, which expires Sept. 30, 2029 or upon full utilization of the authorization, will be funded from the company’s balance sheet. Management has discretion to execute repurchases through open-market purchases at prevailing prices, privately negotiated transactions, block trades or other legally permissible means, the company said.
FTAI Aviation also said the program permits the adoption of Rule 10b5-1 trading plans, allowing repurchases during periods when the company might otherwise be restricted from trading its own securities.
The company cautioned that the authorization does not obligate it to acquire any specific number of shares and may be suspended, modified or discontinued at any time without prior notice.
FTAI Aviation, which trades on Nasdaq under the ticker FTAI, said its operations combine turbine technology and asset ownership.
