FTAI Aviation Ltd. — Director's Dealing 2023

May 17, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FTAI Aviation Ltd. (FTAI)
CIK: 0001590364
Period of Report: 2023-05-16

Reporting Person: HANNAWAY JUDITH A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-16	Common Stock	M	5000	$17.39	Acquired	5000	Direct
2023-05-16	Common Stock	F	3032	$28.68	Disposed	1968	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-16	Stock Option (right to buy)	$17.39	M	5000	Disposed	2028-01-09	Common Stock (5000)	Direct

Footnotes

F1: No shares were sold. Reflects deemed surrender of shares to satisfy the exercise price due upon exercise of the associated options.

F2: Non-officer Director Stock Options were granted pursuant to the issuer's Nonqualified Stock Option and Incentive Award Plan (the "Plan"). Such options are fully vested in accordance with the terms of the Plan.