🔴 FTAI is trading 4.2% down today after launching $612 million aircraft securitization

FTAI Aviation is trading at $229.70 (4.2% down) in after-hours trading after launching its inaugural $612 million aircraft securitization.

• The move represents a pullback from a strong 7.32% regular-session gain, where the stock closed at $239.84.
• The $612 million ABS is backed by 48 narrowbody aircraft and includes a $525 million ‘A’-rated senior tranche and an $87 million junior tranche.
• Market participants appear to be recalibrating the company's leverage and risk-return profile following the specific details of the asset-backed security structure.