FTAI Aviation has completed fundraising for its inaugural Strategic Capital Initiative vehicle (FTAI SCI I), reaching its upsized hard cap of $2 billion in equity commitments, above the initial $1.5 billion target. Including debt financing, the vehicle will deploy over $6 billion to acquire mid-life, on-lease Boeing 737NG and Airbus A320ceo aircraft.
FTAI SCI I has already invested $1.4 billion across 101 aircraft and has an additional $2.1 billion under contract, with full deployment expected by mid-2026. And global institutional investors, including asset managers, insurers, and pension funds, back the vehicle.
FTAI is a leading provider of aftermarket power for the CFM56 and V2500 engines, which power the world’s most widely used commercial aircraft. FTAI’s differentiated Maintenance, Repair and Exchange product offers cost savings and flexibility to airlines and asset owners through the lease, sale, and exchange of refurbished serviceable engines and modules. And FTAI manages and co-invests in on-lease narrowbody aircraft in partnership with institutional investors through its Strategic Capital Initiative.
Support: In connection with the formation of FTAI’s Strategic Capital Initiative, Kirkland & Ellis is serving as legal counsel, and Lincoln International is serving as financial advisor.
KEY QUOTES:
“We made the strategic decision less than one year ago to launch an asset management business with the initial strategy focused on acquiring on-lease, mid-life aircraft and we are thrilled with the group of institutional investors that have supported us in the inaugural vehicle.”
Joe Adams, Chief Executive Officer, FTAI Aviation
“We believe the $300 billion mid-life aircraft market needs a well-capitalized buyer that can also support engine requirements globally. Our maintenance footprint gives us an edge to deliver strong risk-adjusted returns for our investors.”
Kallie Steffes, Head of Strategic Capital, FTAI Aviation
