FTAI Aviation Ltd - Ordinary Shares - Class A

Strong Q2 operating momentum (Aerospace Products leads) - Aerospace Products revenue +78% YoY and +18% QoQ; adjusted EBITDA $249.7m with 29% EBITDA margin (up 51% YoY, +12% QoQ). - Production scaling: refurbished 296 CFM56 modules in Q2 (+61% vs Q2’25); first-half production 566 modules, ahead of midyear target. - Management highlighted a supply-constrained (not demand-constrained) CFM56 environment, with FTAI increasingly allocating module output toward third-party customers (asset-light approach).

2026 outlook updated—lower Aviation Leasing EBITDA; Aerospace Products reaffirmed - FTAI revised 2026 Aviation Leasing EBITDA to $475m (from prior guidance), reflecting the deliberate shift: less module production back into the leasing fleet to preserve an asset-light balance sheet. - Aerospace Products EBITDA reaffirmed at $1.05b (and strategic push for market share/penetration). - Total free cash flow revised down: 2026 adjusted free cash flow expected to be $878m (reduced from $915m) due to prioritizing asset-light module allocation and +~$30m R&D for Power. - Balance sheet leverage ended the quarter at 2.7x (within target 2.5–3x) and a Moody’s upgrade to Ba1 supports credit/financing resilience.

Strategic expansion of maintenance footprint (capacity + regional access) - Announced two new strategic shop partnerships to add maintenance capacity and network efficiencies: - GMF AeroAsia (Jakarta, Indonesia): ~250k sq ft, heavy repair + engine test cell; planned to move substantial Southeast Asia volume to this shop. - EgyptAir (Cairo, Egypt): 100k+ sq ft with 7B focus test cell; aims to strengthen Europe/Middle East maintenance connectivity with Rome/Lisbon. - Additional capability build-out: - New CFM56 + LEAP test cell development at Rome (intentional investment for next-generation engine maintenance). - Lisbon expansion adding 113k sq ft with goal of >300 modules/year capacity.