Palantir and FTAI Aviation Enter Strategic Partnership to Accelerate the Transformation of Aircraft Engine Maintenance, Repair and Exchange

Palantir (NASDAQ: PLTR), a leading provider of AI software, and FTAI Aviation Ltd. (NASDAQ: FTAI), a global leader in aircraft engine maintenance, today announced a multi-year strategic partnership, which will allow FTAI to leverage Palantir’s Artificial Intelligence Platform (“AIP”) across FTAI’s global maintenance footprint.

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Through this partnership, Palantir’s AIP is helping FTAI transform productivity and reduce manufacturing costs by improving maintenance scheduling and inventory optimization across FTAI’s operations worldwide. This includes transforming its internal supply chain and driving further efficiencies through automated workflows, rapid asset allocation and dynamic procurement strategies for component parts.

With AI-assisted decision making, FTAI is targeting faster production turnaround times and improved unit economics, aiming to bring further cost savings to its customers globally. This will allow FTAI to further disrupt the traditional maintenance, repair, and overhaul (“MRO”) shop visit model and accelerate its production ramp-up to meet growing demand.

"At FTAI, we have long prioritized technology as a key driver of productivity since the launch of our Maintenance, Repair and Exchange (MRE) offering,” said David Moreno, Chief Operating Officer of FTAI Aviation. “As our customer base continues to multiply, accelerating the integration of advanced technology into our operations is essential. We are excited to partner with Palantir to harness AI and transform engine maintenance for the world’s most widely used commercial aircraft. The initial results in our facilities have been impressive and AIP will play a critical role in achieving our long-term goal of 25% industry market share and enhanced value for our shareholders.”

“We are excited to partner with FTAI and showcase how our AI platform drives faster decisions, enhanced productivity and optimized performance,” said Ted Mabrey, Global Head of Commercial at Palantir Technologies. “FTAI is at the cutting edge of process and operational efficiency, making them an ideal partner to take to the next level with our AI solutions. By integrating Palantir’s advanced AI capabilities with FTAI’s innovative approach to maintenance, repair and exchange, we will help FTAI further transform how it serves the global engine aftermarket.”