Approximately 51.3% of equity within FTAI’s reportable segments as of September 30, 2017
FTAI owns 141 aviation assets — 38 commercial aircraft and 103 commercial jet engines. 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, 2017, 71 of the Company’s commercial jet engines, and 37 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 88.4% utilized as of September 30, 2017. FTAI’s aircraft assets currently have a weighted average remaining lease term of 34 months, and its engine assets currently have an average remaining lease term of 11 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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