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  "documentTitle": "FTAI Aviation, Ltd. (FTAI)",
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  "presentationDate": "2025-01-15 00:00:00",
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  "notes": "The slide uses a snippet from a financial statement to highlight a specific line item ('Gain on sale of assets') as evidence for the activist thesis.",
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      "text": "In the YTD 2024 period, FTAI adjusted lower its Cash flows from Operating activities by ~$244m for gains on sale of assets.",
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      "text": "Gain on sale of assets: $244m",
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      "text": "In the YTD 2024 period, FTAI adjusted lower its Cash flows from Operating activities by ~$244m for gains on sale of assets. This therefore implies that FTAI has performed limited work on these assets, when viewed in conjunction with the above new disclosure.",
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      "text": "CONSOLIDATED STATEMENTS OF CASH FLOWS table showing Net (loss) income, Equity in losses, and Gain on sale of assets for 2024 and 2023.",
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      "text": "The Cash Flow Adjustment to Gain on Sale of Assets Supports Our View that Aerospace Products Is Likely Comprised Principally of Whole Engine Sales",
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