NEW YORK, Nov. 09, 2022 (GLOBE NEWSWIRE) — Fortress Transportation and Infrastructure Investors LLC FTAIa Delaware limited liability company (“FTAI” or the “Company”), announced today that its shareholders have voted in favor of approving and accepting the previously announced merger agreement dated August 12, 2022 by and between FTAI, FTAI Finance Holdco Ltd. , which upon completion of the merger will become FTAI Aviation Ltd. (“FTAI Aviation”) and FTAI Aviation Merger Sub LLC.

FTAI’s common public shareholders are not required to take any action in connection with the merger. Pursuant to the merger, FTAI shares will automatically be exchanged for FTAI Aviation shares without further action by shareholders and FTAI will become a subsidiary of FTAI Aviation. Post the merger, FTAI Aviation common and preferred shares are expected to continue trading on the Nasdaq under the existing ticker symbols “FTAI”, “FTAIP”, “FTAIO” and “FTAIN”, respectively. Completion of the merger is expected to occur on November 10, 2022.

About Fortress Transportation and Infrastructure Investors LLC

FTAI owns and services commercial jet engines with a focus on CFM56 engines. FTAI’s proprietary product portfolio, including The Module Factory and an engine PMA manufacturing joint venture, enables the company to offer cost savings and flexibility to our customer base of airlines, lessors and MRO. In addition, 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.

Cautionary Language Regarding Forward-Looking Statements

This announcement contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to information regarding the transactions resulting from the Demerger and the commencement of…