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FTAI Aviation Ltd. – ‘10-K’ for 12/31/23 – ‘EX-31.2’

On:  Monday, 2/26/24, at 6:02am ET   ·   For:  12/31/23   ·   Accession #:  1590364-24-3   ·   File #:  1-37386

Previous ‘10-K’:  ‘10-K’ on 2/27/23 for 12/31/22   ·   Latest ‘10-K’:  This Filing   ·   17 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/26/24  FTAI Aviation Ltd.                10-K       12/31/23  107:13M

Annual Report   —   Form 10-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.71M 
 2: EX-4.15     Instrument Defining the Rights of Security Holders  HTML    238K 
 3: EX-21.1     Subsidiaries List                                   HTML     35K 
 4: EX-23.1     Consent of Expert or Counsel                        HTML     28K 
 9: EX-97.1     Clawback Policy re: Recovery of Erroneously         HTML     47K 
                Awarded Compensation                                             
 5: EX-31.1     Certification -- §302 - SOA'02                      HTML     32K 
 6: EX-31.2     Certification -- §302 - SOA'02                      HTML     32K 
 7: EX-32.1     Certification -- §906 - SOA'02                      HTML     29K 
 8: EX-32.2     Certification -- §906 - SOA'02                      HTML     29K 
15: R1          Cover page                                          HTML    109K 
16: R2          Audit Information                                   HTML     34K 
17: R3          Consolidated Balance Sheets                         HTML    115K 
18: R4          Consolidated Balance Sheets (Parentheticals)        HTML     49K 
19: R5          Consolidated Statements of Operations               HTML    162K 
20: R6          Consolidated Statements of Comprehensive Loss       HTML     65K 
21: R7          Consolidated Statements of Comprehensive Loss       HTML     30K 
                (Parenthetical)                                                  
22: R8          Consolidated Statement of Changes in Equity         HTML    101K 
23: R9          Consolidated Statements of Cash Flows               HTML    188K 
24: R10         Organization                                        HTML     33K 
25: R11         Summary of Significant Accounting Policies          HTML     94K 
26: R12         Discontinued Operations                             HTML     92K 
27: R13         Acquisition of Quickturn                            HTML     61K 
28: R14         Leasing Equipment, Net                              HTML     42K 
29: R15         Investments                                         HTML     55K 
30: R16         Intangible Assets and Liabilities, Net              HTML     60K 
31: R17         Debt, Net                                           HTML     87K 
32: R18         Fair Value Measurements                             HTML     45K 
33: R19         Equity-Based Compensation                           HTML     79K 
34: R20         Income Taxes                                        HTML    102K 
35: R21         Management Agreement and Affiliate Transactions     HTML     66K 
36: R22         Segment Information                                 HTML    355K 
37: R23         Earnings Per Share and Equity                       HTML     64K 
38: R24         Commitments and Contingencies                       HTML     34K 
39: R25         Subsequent Events                                   HTML     31K 
40: R26         Summary of Significant Accounting Policies          HTML    135K 
                (Policies)                                                       
41: R27         Summary of Significant Accounting Policies          HTML     53K 
                (Tables)                                                         
42: R28         Discontinued Operations (Tables)                    HTML     80K 
43: R29         Acquisition of Quickturn (Tables)                   HTML     63K 
44: R30         Leasing Equipment, Net (Tables)                     HTML     42K 
45: R31         Investments (Tables)                                HTML     50K 
46: R32         Intangible Assets and Liabilities, Net (Tables)     HTML     64K 
47: R33         Debt, Net (Tables)                                  HTML     85K 
48: R34         Fair Value Measurements (Tables)                    HTML     36K 
49: R35         Equity-Based Compensation (Tables)                  HTML     77K 
50: R36         Income Taxes (Tables)                               HTML    100K 
51: R37         Management Agreement and Affiliate Transactions     HTML     56K 
                (Tables)                                                         
52: R38         Segment Information (Tables)                        HTML    356K 
53: R39         Earnings Per Share and Equity (Tables)              HTML     59K 
54: R40         Organization (Details)                              HTML     30K 
55: R41         Summary of Significant Accounting Policies          HTML    100K 
                (Details)                                                        
56: R42         Summary of Significant Accounting Policies -        HTML     59K 
                Summary of Property, Plant and Equipment Useful                  
                Lives (Details)                                                  
57: R43         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     37K 
                Summary of Allowance for Credit Loss (Details)                   
58: R44         DISCONTINUED OPERATIONS - Narrative (Details)       HTML     64K 
59: R45         DISCONTINUED OPERATIONS - Components of Net Income  HTML     82K 
                (Loss) (Details)                                                 
60: R46         DISCONTINUED OPERATIONS - Significant Cash Flow     HTML     48K 
                Items (Details)                                                  
61: R47         DISCONTINUED OPERATIONS - Income Statement - Long   HTML     54K 
                Ridge Terminal LLC (Details)                                     
62: R48         ACQUISITION OF QUICKTURN - Narrative (Details)      HTML     40K 
63: R49         ACQUISITION OF QUICKTURN - Schedule of Assets       HTML     65K 
                Acquired and Liabilities Assumed (Details)                       
64: R50         ACQUISITION OF QUICKTURN - Intangible Assets        HTML     38K 
                Acquired (Details)                                               
65: R51         ACQUISITION OF QUICKTURN - Property, Plant, and     HTML     51K 
                Equipment Acquired (Details)                                     
66: R52         ACQUISITION OF QUICKTURN - Pro Forma Information    HTML     34K 
                (Details)                                                        
67: R53         LEASING EQUIPMENT, NET - Schedule of Lessor,        HTML     38K 
                Operating Leases (Details)                                       
68: R54         LEASING EQUIPMENT, NET - Additional Details         HTML     42K 
                (Details)                                                        
69: R55         LEASING EQUIPMENT, NET - Operating Lease, Lease     HTML     33K 
                Income (Details)                                                 
70: R56         Investments (Ownership Carrying Values) (Details)   HTML     47K 
71: R57         Investments - Earnings or Losses (Details)          HTML     46K 
72: R58         INVESTMENTS - Narrative (Details)                   HTML     71K 
73: R59         INTANGIBLE ASSETS AND LIABILITIES, NET -            HTML     49K 
                Summarized Intangible Assets and Liabilities                     
                (Details)                                                        
74: R60         INTANGIBLE ASSETS AND LIABILITIES, NET -            HTML     41K 
                Intangible Liabilities Amortization (Details)                    
75: R61         INTANGIBLE ASSETS AND LIABILITIES, NET - Schedule   HTML     41K 
                of Future Amortization Expense (Details)                         
76: R62         DEBT, NET - Schedule of Debt (Details)              HTML     85K 
77: R63         DEBT, NET - Narrative (Details)                     HTML     65K 
78: R64         DEBT, NET - Debt Maturities (Details)               HTML     74K 
79: R65         FAIR VALUE MEASUREMENTS - Components of Fair        HTML     39K 
                Value, Assets Measured on Recurring Basis                        
                (Details)                                                        
80: R66         FAIR VALUE MEASUREMENTS - Narrative (Details)       HTML     40K 
81: R67         Equity-Based Compensation (Narrative) (Details)     HTML     48K 
82: R68         Equity-Based Compensation (Schedule of Stock-based  HTML    104K 
                Compensation Arrangements) (Details)                             
83: R69         Equity-Based Compensation (Schedule of Share-based  HTML     58K 
                Payment Award) (Details)                                         
84: R70         INCOME TAXES - Components of Income Tax Expense     HTML     75K 
                (Details)                                                        
85: R71         INCOME TAXES - Provision for Income Tax             HTML     38K 
                Reconciliation (Details)                                         
86: R72         INCOME TAXES - Components of Deferred Tax Assets    HTML     57K 
                and Liabilities (Details)                                        
87: R73         INCOME TAXES - Additional Information (Details)     HTML     48K 
88: R74         INCOME TAXES - Changes in Valuation Allowance       HTML     35K 
                (Details)                                                        
89: R75         Management Agreement and Affiliate Transactions     HTML     60K 
                (Details)                                                        
90: R76         Management Agreement and Affiliate Transactions -   HTML     40K 
                Management fees, incentive allocation and capital                
                gains (Details)                                                  
91: R77         MANAGEMENT AGREEMENT AND AFFILIATE TRANSATIONS -    HTML     39K 
                Reimbursement to Manager (Details)                               
92: R78         MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS -   HTML     37K 
                Amounts due to Manager (Details)                                 
93: R79         SEGMENT INFORMATION - Narrative (Details)           HTML     30K 
94: R80         SEGMENT INFORMATION - Statement of Income by        HTML    162K 
                Segment (Details)                                                
95: R81         SEGMENT INFORMATION - Reconciliation of Adjusted    HTML     77K 
                Net Income to Net Income (Details)                               
96: R82         SEGMENT INFORMATION - Summary of Contracted         HTML     43K 
                Minimum Future Annual Revenues (Details)                         
97: R83         SEGMENT INFORMATION - Summary of Geographic         HTML     72K 
                Sources of Revenue (Details)                                     
98: R84         SEGMENT INFORMATION - Location of Long-Lived        HTML     41K 
                Assets (Details)                                                 
99: R85         EARNINGS PER SHARE AND EQUITY - EPS Schedule        HTML     98K 
                (Details)                                                        
100: R86         EARNINGS PER SHARE AND EQUITY - Narrative           HTML     65K  
                (Details)                                                        
101: R87         Commitments and Contingencies (Details)             HTML     45K  
102: R88         Subsequent Events (Details)                         HTML     44K  
104: XML         IDEA XML File -- Filing Summary                      XML    190K  
107: XML         XBRL Instance -- ftai-20231231_htm                   XML   3.25M  
103: EXCEL       IDEA Workbook of Financial Report Info              XLSX    216K  
11: EX-101.CAL  XBRL Calculations -- ftai-20231231_cal               XML    323K 
12: EX-101.DEF  XBRL Definitions -- ftai-20231231_def                XML   1.11M 
13: EX-101.LAB  XBRL Labels -- ftai-20231231_lab                     XML   2.26M 
14: EX-101.PRE  XBRL Presentations -- ftai-20231231_pre              XML   1.52M 
10: EX-101.SCH  XBRL Schema -- ftai-20231231                         XSD    247K 
105: JSON        XBRL Instance as JSON Data -- MetaLinks              614±   933K  
106: ZIP         XBRL Zipped Folder -- 0001590364-24-000003-xbrl      Zip    804K  


‘EX-31.2’   —   Certification — §302 – SOA’02


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  Document  

EXHIBIT 31.2
 
SECTION 302 CERTIFICATION OF CHIEF FINANCIAL OFFICER

I, Eun (Angela) Nam, certify that:

1.    I have reviewed this annual report on Form 10-K of FTAI Aviation Ltd. (the “registrant”);
2.    Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.    Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.    The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a)    Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)     Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)    Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)    Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.    The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
(a)    All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)    Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 
February 26, 2024/s/ Eun (Angela) Nam
(Date)Eun (Angela) Nam
 Chief Financial Officer and Chief Accounting Officer



Dates Referenced Herein

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/26/24None on these Dates
For Period end:12/31/23
 List all Filings 


1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/26/24  FTAI Aviation Ltd.                10-Q        3/31/24   85:8.1M


16 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/22/23  FTAI Aviation Ltd.                8-K:1,2,9  11/21/23   12:1.4M                                   Broadridge Fin’l So… Inc
 4/27/23  FTAI Aviation Ltd.                10-Q        3/31/23   84:9.4M
 3/15/23  FTAI Aviation Ltd.                8-A12B                 3:140K                                   Broadridge Fin’l So… Inc
 2/27/23  FTAI Aviation Ltd.                10-K       12/31/22  111:15M
11/14/22  FTAI Aviation Ltd.                8-K12B:1,2,11/10/22   19:1.7M                                   Broadridge Fin’l So… Inc
11/14/22  FTAI Aviation Ltd.                8-K:1,2,5,911/10/22   17:1.2M                                   Broadridge Fin’l So… Inc
10/11/22  FTAI Aviation Ltd.                DEFM14A                1:7.1M                                   Broadridge Fin’l So… Inc
 9/21/22  FTAI Aviation Ltd.                8-K:1,2,9   9/20/22   12:1.3M                                   Broadridge Fin’l So… Inc
 8/12/22  FTAI Finance Holdco Ltd.          S-4                   15:5.7M                                   Broadridge Fin’l So… Inc
 8/01/22  FTAI Aviation Ltd.                8-K:1,2,5,8 8/01/22   16:1.1M                                   Broadridge Fin’l So… Inc
 9/24/21  FTAI Aviation Ltd.                8-K:1,2,9   9/24/21   12:247K                                   Broadridge Fin’l So… Inc
 4/12/21  FTAI Aviation Ltd.                8-K:1,2,9   4/12/21   12:1.2M                                   Broadridge Fin’l So… Inc
12/23/20  FTAI Aviation Ltd.                8-K:1,2,8,912/22/20   14:281K                                   Broadridge Fin’l So… Inc
 7/28/20  FTAI Aviation Ltd.                8-K:1,2,9   7/28/20   12:1.3M                                   Broadridge Fin’l So… Inc
 5/21/19  FTAI Aviation Ltd.                8-K:1,2,9   5/21/19    2:41K                                    Broadridge Fin’l So… Inc
 9/18/18  FTAI Aviation Ltd.                8-K:1,2,9   9/18/18    2:986K                                   Broadridge Fin’l So… Inc
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Filing Submission 0001590364-24-000003   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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