New York, January 23, 2026, 15:38 EST — Regular session
FTAI Aviation Ltd. shares slipped 1.2% to $289.86 in afternoon trading on Friday, after earlier oscillating between $289.86 and $302.91. The drop follows the company’s announcement of a new multi-year deal for CFM56 engine support made just a day earlier.
Timing is key. With jets flying more hours and supply bottlenecks limiting new deliveries, airlines are leaning heavily on repairs and parts. That keeps the aftermarket — sales of parts and services after engines are already in use — in the spotlight. GE Aerospace, a co-owner of CFM International, said this week it expects 2026 profits to surpass estimates, driven by strong demand for maintenance and parts. (Reuters)
FTAIs challenge is turning tighter access to original parts and approved repairs into more consistent output at its engine shop. That could help cut the stop-start risks tied to a stretched supply chain. Traders are also tracking if engine makers will continue broadening maintenance channels or instead rely more heavily on their own networks.
FTAI announced Thursday it has locked in a multi-year materials deal with CFM International, the GE Aerospace and Safran Aircraft Engines joint venture. The agreement covers component and repair support for CFM56 engines. FTAI gains direct access to OEM replacement parts, thrust performance upgrades, and component repairs through the pact. The company framed the deal as backing an “open” MRO (maintenance, repair and overhaul) market. “FTAI’s mission is to be the most efficient provider of aftermarket CFM56 engine solutions,” said Chairman and CEO Joe Adams. (Businessinsider)
BTIG’s Andre Madrid raised his price target on FTAI from $230 to $335, maintaining a Buy rating, according to StreetInsider. He said the CFM deal “validates FTAI’s business model” and alleviates worries about “potential friction with the OEM.” Madrid also highlighted higher assumptions on adoption of the MRE offering — Maintenance, Repair and Exchange — designed to reduce airline downtime. (Streetinsider)
That said, the stock’s recent shift highlights just how fast sentiment can flip for an engine-services company hovering near the peak of its recent trading range. Much of the positive news is already priced in.
The risk comes down to execution. Parts availability might ease more slowly than anticipated, and repair capacity remains tight across the industry. Should airlines delay shop visits or if pricing and turnaround times fall short, the stock could quickly reprice.
Investors will get their next major update late next month, as FTAI plans to report its fourth-quarter and full-year 2025 results after the Nasdaq closes on Feb. 25. A conference call is scheduled for the following morning, Feb. 26, at 8:00 a.m. Eastern. (Marketscreener)
