Need Help? Call : (310) 914-5007
Need Help? Call : (310) 914-5007
Los Angeles – The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of investors who purchased FTAI Aviation Ltd. (“FTAI” or the “Company”) (NASDAQ: FTAI) securities between July 23, 2024 and January 15, 2025, inclusive (the “Class Period”). FTAI investors have until March 18, 2025 to file a lead plaintiff motion.
What Happened?
On January 15, 2025, Muddy Waters Research published a report alleging, among other things, that “FTAI materially manipulates its financials” by “exaggerating the size of its aftermarket aerospace business”, “misleading investors by presenting whole engine sales as individual module sales”, “inflating Aerospace Products’ EBITDA margins by means of over-depreciation in the leasing segment”, and “engaging in channel stuffing”.
On this news, FTAI’s stock price fell $37.21, or 24.3%, to close at $116.08 per share on January 15, 2025, on unusually heavy trading volume.
What Is The Lawsuit About?
The complaint filed in this class action 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: (1) the Company reported one-time engine sales as Maintenance Repair & Overhaul revenue when FTAI only performs limited repair and maintenance work on the engine assets sold; (2) FTAI presents whole engine sales as individual module sales, thereby overstating sales and demand; (3) the Company depreciates engines that are not on lease, which misleadingly lowers the reported cost of goods sold and inflates EBITDA; and (4) that, 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.
How To Participate or Learn More:
If you purchased FTAI securities within the class period and would like to be included in the class action, please click the JOIN CLASS ACTION button above to submit your information. You can also contact us at:
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz
310-914-5007 
fcruz@frankcruzlaw.com
www.frankcruzlaw.com