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      "text": "Introduction – How FTAI Materially Manipulates Its Financials\nA Substantial Portion of Aerospace Products’ Revenue Is Whole Engine Sales\nNew Cash Flow Statement Disclosure Supports our View of the Materiality of Whole Engine Sales\nFTAI Depreciates Engine in Leasing to Exaggerate Profits in its MRO Business\nFTAI Could Be Stuffing the Channel\nEBITDA Margins Are Falling Even Faster Than Reported Numbers Suggest\nAerospace Products Is Capital Intensive\nAppendix",
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