Approximately 48.5% of equity within FTAI’s reportable segments as of September 30, 2016
FTAI owns 77 commercial aircraft — 25 Boeing passenger aircraft (ten 737s, one 747, four 757 and two 767s), 5 Airbus passenger aircraft (A320s), and 2 McDonnell Douglas freighter aircraft (MD-11Fs). The Company also owns 52 commercial jet engines that are compatible with Boeing 737, 747, 757 and 767 aircraft models. FTAI’s engines are primarily on short-term leases with various airlines located around the globe. FTAI’s aviation portfolio is currently unlevered. As of September 30, 2016, 35 of the Company’s commercial jet engines, and 24 of its commercial aircraft, were leased to operators or other third parties. Aviation assets currently off lease are either undergoing repair and/or maintenance, or are currently held in short term storage awaiting a future lease. On an equity-weighted basis, FTAI’s aviation equipment was approximately 90.2% utilized as of September 30, 2016. FTAI’s aircraft assets currently have a weighted average remaining lease term of 31 months, and its engine assets currently have an average remaining lease term of 13 months. In each case, the Company works closely with its existing customers to extend current leases, thus avoiding downtime and remarketing costs.
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