FTAI航空有限公司-a 2025年季度报告

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____Commission file number001-37386 Large accelerated filerþAccelerated filer¨Non-accelerated filer¨Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ There were102,555,975ordinary shares outstanding at April30, 2025. statements are not statements of historical fact but instead are based on our present beliefs and assumptions and on information currentlyavailable to us. You can identify these forward-looking statements by the use of forward-looking words such as “outlook,” “believes,” “expects,”“potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” “target,” report are based upon our historical performance and on our current plans, estimates and expectations in light of information currently availableto us. The inclusion of this forward-looking information should not be regarded as a representation by us, that the future plans, estimates or Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to our operations, financial results, •changes in economic conditions generally and specifically in our industry sectors, and other risks relating to the global economy,including, but not limited to, the Russia-Ukraine conflict, and any related responses or actions by businesses and governments; •reductions in cash flows received from our assets, as well as contractual limitations on the use of our aviation assets to secure debtfor borrowed money;•our ability to take advantage of acquisition opportunities at favorable prices;•our ability to realize the anticipated benefits of our strategic initiatives; •the availability and cost of capital for future acquisitions;•concentration of a particular type of asset or in a particular sector;•competition within the aviation industry; •obsolescence of our assets or our ability to sell, re-lease or re-charter our assets;•exposure to uninsurable losses and force majeure events; legislative/regulatory environment and exposure to increased economic regulation; •difficulties in obtaining effective legal redress in jurisdictions in which we operate with less developed legal systems;•our ability to maintain our exemption from registration under the Investment Company Act of 1940, as amended (the “InvestmentCompany Act”) and the Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”) and the fact that maintainingsuch exemption imposes limits on our operations; •our ability to successfully utilize leverage in connection with our investments;•foreign currency risk and risk management activities;•effectiveness of our internal control over financial reporting;•exposure to environmental risks, including natural disasters, increasing environmental legislation and the broader impacts of climatechange;•changes in interest rates and/or credit spreads, as well as the success of any hedging strategy we may undertake in relation to suchchanges;•actions taken by national, state, or provincial governments, including nationalization, or the imposition of new taxes, could materiallyimpact the financial performance or value of our assets;•our ability to attract and retain highly skilled management and other personnel; •volatility in the market price of our shares;•the inability to pay dividends to our shareholders in the future; •impacts from our past and future acquisitions, and our ability to successfully integrate acquired assets and assumed liabilities; and•other risks described in the “Risk Factors” section of this report.These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this report. The forward-looking statements made in this report relate only to events as of the date on which the statements are made. We do notundertake any obligation to publicly update or review any forward-looking statement except as required by law, whether as a result of new vary materially from what we may have expressed or implied by these forward-looking statements. We caution that you should not place unduereliance on any of our forward-looking statements. Furthermore, new risks and uncertainties arise from time to time, and it is impossible for us to 3 PART I - FINANCIAL INFORMATIONUnaudited Consolidated Financial Statements of FTAI Aviation Ltd.:Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024Consolidated Statements of Operations for the three months ended March 31, 2025 and 2024Consolidated Statement of Changes in Equity for the three months ended March 3