FTAI Aviation is an aircraft engine maintenance, repair, and exchange (MRE) business focused on two engine families: the CFM56 (which powers the Boeing 737NG) and the V2500 (which powers the Airbus A320ceo). Rather than performing traditional shop visits, FTAI sells or exchanges prebuilt, ready-to-install engines and modules, allowing airlines to swap a worn engine for a rebuilt one and return to service quickly. FTAI then takes the worn engine back, refurbishes it, and recycles it into the next exchange. A key part of FTAI's economics is "green time optimization" — dismantling unserviceable engines and reassembling their best modules into rebuilt engines where all components have comparable remaining life, extracting maximum value from every asset. FTAI also uses proprietary PMA parts, manufactured exclusively by Chromalloy, to reduce input costs and undercut traditional MRO pricing while maintaining strong margins. FTAI operates two segments: Aerospace Products (the MRE business) and Aviation Leasing, which owns a portfolio of narrowbody aircraft and engines leased to airlines. FTAI is pivoting the leasing segment toward a third-party asset management model through its Strategic Capital Initiative, raising institutional capital to co-invest in narrowbody aircraft — with every aircraft contractually committed to FTAI for engine exchanges, creating a built-in pipeline for Aerospace Products. FTAI is also developing FTAI Power, a new platform converting end-of-life CFM56 engines into gas turbines for stationary power generation, targeting data center operators.