FTAI Aviation dismisses short seller claims, shares surge

FTAI Aviation

20/02/2025 13:47

Feb 20 (Reuters) - FTAI Aviation  FTAI.O  said on
Thursday it has concluded its review of allegations made by
short seller Muddy Waters last month, dismissing the claims
about misleading financial reporting as "without merit".
    Muddy Waters, which had taken a short position on FTAI, had
criticized the company's financial reporting as "highly
misleading."
    Shares of the New York-based firm, which leases aircraft and
provides after-market maintenance for commercial jet engines,
rose more than 18% before the bell.
    The company said that it will file its annual report as
scheduled later in the month.
    Last month, FTAI said that its audit committee would
investigate claims of financial irregularities made by the
short-seller and that it may delay the its annual report filing
due to the review.


 (Reporting by Anshuman Tripathy in Bengaluru; Editing by Tasim
Zahid)
 ((Anshuman.Tripathy@thomsonreuters.com;))