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Campaigns / Muddy Waters → FTAI Aviation Ltd.
Muddy Waters vs. FTAI Aviation Ltd.

FTAI Aviation Ltd. · FTAI

2 decks published between 2025-01-15 and 2025-03-03 — 83 pages, 82 analysed slides total.

initial thesis follow up

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2025-01-15 initial thesis

    2025 01 MW_01152025

    64pp · full_deck

    FTAI is a dressed-up engine-leasing business posing as a high-margin MRO — whole-engine sales counted as three modules and intra-segment depreciation transfers fabricate the aerospace-aftermarket story.

    N 5 V 3 C 3
    ⌂ ” ⚑
  2. 2025-03-03 follow up

    2025 03 MW_03032025

    19pp · research_note

    An FTAI Aviation Module Factory box appears in an Iranian MRO's LinkedIn posts, suggesting FTAI may have indirectly violated U.S. OFAC sanctions on Iran.