NEW YORK, March 08, 2023 -- FTAI Aviation Ltd. (NASDAQ:FTAI) (the "Company" or "FTAI") announced today its intention to offer Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares, liquidation preference $25.00 per share (the "Preferred Shares"), in a registered underwritten public offering. The Company intends to apply to list the Preferred Shares on the Nasdaq Global Select Market under the symbol "FTAIM". In connection with the offering, the Company expects to grant to the underwriters a 30-day option to purchase up to an additional 15% of the Preferred Shares being offered to cover over-allotments, if any.

The Company intends to use the net proceeds from the sale of the shares in this offering for general corporate purposes.

Morgan Stanley, Citigroup, J.P. Morgan, Stifel, RBC and UBS Investment Bank are acting as joint book-running managers for the proposed offering.

The offering is being made pursuant to the Company's effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission ("SEC") on February 27, 2023. The offering will be made only by means of a prospectus and a related prospectus supplement. Prospective investors should read the prospectus supplement and the prospectus in that registration statement and other documents the Company has filed or will file with the SEC for more complete information about the Company and the offering. You may obtain these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, copies of the prospectus and prospectus supplement may be obtained from Morgan Stanley & Co. LLC, 1585 Broadway New York, NY 10036, Attention: Equity Syndicate Desk, with a copy to the Legal Department, telephone (866) 718-1649, email: prospectus@morganstanley.com, Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (800) 831-9146, email: prospectus@citi.com, J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10019, Attention: Investment Grade Syndicate Desk, telephone (212) 834-4533, Stifel, Nicolaus & Company, Incorporated, One South Street, 15th Floor, Baltimore, Maryland 21202; Attention: Syndicate Department, telephone: (855) 300-7136, email: syndprospectus@stifel.com, RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, New York 10281, Attention: Transaction Management/Scott Primrose, telephone: (212) 618 7706, email: TMGUS@rbccm.com or UBS Securities LLC, 1285 Avenue of the Americas, New York, New York 10019, Attention: Prospectus Department, telephone: (888)-827-7275.