RBC Capital reports FTAI Aviation launching FTAI Power, a platform converting CFM56 engines into aeroderivative gas turbines to meet growing power demand from AI hyperscalers. FTAI aims to deliver over 100 engines annually while expanding its aftermarket offerings. RBC sees this move as positive for FTAI, with an Outperform rating and $200 price target.

Source: TheFly

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Read more at Yahoo Finance: RBC sees FTAI aeroderivative pivot strengthening CFM56 aftermarket prospects