Brief: FTAI Aviation Announces Internalization, Terminates Management And Advisory Agreement

FTAI Aviation

28/05/2024 11:03

May 28 (Reuters) - FTAI Aviation Ltd  FTAI.O :
    * FTAI AVIATION ANNOUNCES INTERNALIZATION, TERMINATES
MANAGEMENT
AND ADVISORY AGREEMENT
    * FTAI AVIATION LTD: ESTIMATES THAT INTERNALIZATION WILL
RESULT IN
APPROXIMATELY $30 MILLION OF INITIAL ANNUALIZED COST SAVINGS
    * FTAI AVIATION LTD: IN CONNECTION WITH TERMINATION OF
MANAGEMENT
AGREEMENT, CO AGREED TO PAY MANAGER $150 MILLION IN CASH
    * FTAI AVIATION LTD - UNDER INTERNALIZATION AGREEMENT, CO
AND FIG
LLC HAVE TERMINATED MANAGEMENT AND ADVISORY AGREEMENT, DATED
JULY 31, 2022
    * FTAI AVIATION LTD: CEASED TO BE EXTERNALLY MANAGED AND NOW
OPERATES AS AN INTERNALLY MANAGED COMPANY

Source text for Eikon:  ID:nGNX3T3Tgz 
Further company coverage:  FTAI.O 

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