FTAI Aviation internalizes management, pays FIG LLC $150M + 1.87M shares; targets $30M annual savings

FTAI Aviation Ltd.

$150M cash + 1,866,949 shares to FIG LLC to terminate management agreement, effective May 28, 2024.
Estimated $30M initial annualized cost savings from internalization; company now internally managed.
CEO Joe Adams ($975K salary) and CFO Angela Nam ($525K) stay; new 3-year employment letters with RSU grants.
Director Kenneth Nicholson resigned, not due to any disagreement.
Transition services from FIG LLC provided until Oct 31, 2024; financial statement support until May 31, 2025.

item 1.01 item 5.02 item 1.02 item 3.02 item 8.01 item 9.01

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