Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired FTAI Aviation Ltd. (“FTAI”) (NASDAQ: FTAI) securities between July 23, 2024, and January 21, 2025, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) FTAI reported the depreciation of the value of the engines it acquired under its Aviation Leasing division before transferring those engines to the Aerospace Products division which artificially improved Aerospace Products’ EBITDA; (2) Defendants purposely overstated the fair value of engines received by Aerospace Products, with the allocation of inflated fair value having been manipulated, and the lower values assigned to engine components; (3) further, FTAI presented whole engine sales as individual module sales, thereby overstating sales and demand; (4) as well as FTAI reporting one-time engine sales as Maintenance Repair & Overhaul revenue when FTAI only performs limited repair and maintenance work on the engine assets sold; and (5), as a result of the foregoing, Defendants’ positive statements about the company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On September 18, 2025, Lead Plaintiffs filed the Amended Complaint. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.