11:03 AM EST, 12/31/2024 (MT Newswires) -- FTAI Aviation ( FTAI ) shares rose nearly 17% in recent Tuesday trading, a day after the company issued its initial financial guidance for fiscal year 2025 and announced the launch of a strategic capital initiative.

The aerospace said Monday that it is starting a project in collaboration with third-party investors to acquire on-lease 737NG and A320ceo airplanes, a move set to allow for the deployment of over $3 billion of capital per year.

The company added that it expects fiscal year 2025 adjusted earnings before interest, taxes, depreciation, and amortization of about $1.1 billion to $1.15 billion from its reportable segments.

Price: 147.61, Change: +21.10, Percent Change: +16.68