Update: FTAI Aviation Shares Rise After Authorizing $500 Million Share Repurchase Program

MT Newswires Live

6 hours ago

(Updates with the latest stock price movement in the headline and first paragraph.)

FTAI Aviation (FTAI) shares rose 5.6% in Wednesday afternoon trading after the company said late Tuesday that its board authorized a new share repurchase program of up to $500 million of its outstanding ordinary shares.

The program will run until the earlier of the completion of the repurchases or Sept. 30, 2029, the company said.

FTAI Aviation said it expects to fund the buybacks with cash on its balance sheet.

Price: 186.36, Change: +9.92, Percent Change: +5.62

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