FTAI Aviation Ltd. Announces 2022 PFIC Annual Information Statement, Final K-1 Tax Package for Fortress Transportation and Infrastructure Investors LLC
20 März 2023 - 9:15PM
FTAI Aviation Ltd. (“NASDAQ: FTAI”) is considered a Passive Foreign
Investment Company (“PFIC”) for the period beginning on November
10, 2022 and ending on December 31, 2022. If a U.S. Holder
owns a PFIC, the U.S. Holder may be required to file a Form 8621.
U.S. Holders should consider making a Qualified Electing Fund
(“QEF”) election with respect to FTAI. FTAI will post a 2022 “PFIC
Annual Information Statement” to its website at
https://ir.ftaiaviation.com/tax-information. This information is
necessary for U.S. Holders that wish to make a QEF election.
Investors are urged to consult their tax advisors regarding
implications of owning a PFIC.
On November 10, 2022, Fortress Transportation
and Infrastructure Investors LLC completed the merger transaction
with FTAI and FTAI Aviation Merger Sub LLC, and Fortress
Transportation and Infrastructure Investors LLC shares were
exchanged for shares in FTAI. FTAI shares acquired after November
10, 2022 are not subject to Schedule K-1 reporting. For FTAI shares
acquired prior to the merger transaction, the 2022 Schedule K-1s
will be final year K-1s.
Fortress Transportation and Infrastructure
Investors LLC’s 2022 Schedule K-1 tax packages are available
online. FTAI shareholders may access their Schedule K-1 tax
packages at https://www.taxpackagesupport.com/ftai or by visiting
the Investor Center section of FTAI’s website at
https://ir.ftaiaviation.com/.
The mailing of 2022 Schedule K-1 tax packages
will commence before March 31, 2023. For additional information,
shareholders may call FTAI Tax Package Support toll free at (855)
225-9906.
About FTAI Aviation Ltd.
FTAI Aviation Ltd. owns and maintains commercial
jet engines with a focus on CFM56 engines. FTAI’s propriety
portfolio of products, including The Module Factory and a JV to
manufacture engine parts manufacturer approval, enables it to
provide cost savings and flexibility to our airline, lessor, and
maintenance, repair and overhaul customer base. Additionally, FTAI
owns and leases jet aircraft which often facilitates the
acquisition of engines at attractive prices. FTAI invests in
aviation assets and aerospace products that generate strong and
stable cash flows with the potential for earnings growth and asset
appreciation.
The information contained on, or accessible
through, any websites included in this press release is not
incorporated by reference into, and should not be considered a part
of, this press release.
For further information, please contact:
Alan AndreiniInvestor RelationsFTAI Aviation
Ltd. (646) 734-9414 aandreini@fortress.com
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