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  "documentTitle": "FTAI Aviation, Ltd. (FTAI)",
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  "authorName": "Muddy Waters Research",
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  "presentationDate": "2025-03-03 00:00:00",
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  "notes": "This slide serves as a table of contents for the evidence section of the report.",
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      "text": "MUDDY WATERS RESEARCH",
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      "text": "Page 6: Excerpts from an OFAC letter warning U.S. aviation companies of the risks associated with transfers of goods and services – directly or indirectly – to Iran without prior OFAC authorization.\nPage 7: An image of two CFM-56 engines in Sorena Turbine and FTAI packaging in the background.\nPage 8: Two images including one zoomed in on the box in question, which leaves no doubt that the branding is FTAI.\nPage 9: An image with a different perspective of the same two CFM-56 engines and FTAI packaging in the background.\nPage 10: Three images, the first two are of the module shipping crates in an FTAI facility taken at a recent site visit and a close-up of the same showing its distinctive markings. The third is that of the box adjacent to the CFM-56 engine in the Iranian MRO which displays markings consistent with those in FTAI's warehouse.\nPage 11: An image from an FTAI promotional YouTube video where FTAI displays product packaging, branding, and markings similar to what we see in Iran.",
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