Mentioned:
FTAI Aviation is coming after the opportunity in gas turbines. And now, their joint venture partnership has just landed a deal worth more than a billion dollars.
What’s happening:
- FTAI Aviation (NASDAQ: FTAI) and Chinese energy equipment company Jereh Group’s joint venture has won a new $1.46B USD purchase order for their gas turbines from a leading cloud company
Why it matters:
- This is the first ever purchase order that FTAI Aviation’s joint venture with Jereh Group has ever won
Going deeper:
- FTAI Aviation manufactures the gas turbines and Jereh Group provides the equipment packaging including generators and gearboxes as part of their joint venture partnership
- FTAI Aviation previously made major waves on Wall Street when they launched a new division known as FTAI Power to supply data centres with gas turbines for artificial intelligence workloads and high performance computing
