FTAI said it strongly disagrees with the report's claims, but will likely need time to review them thoroughly as it prepares audited financial statements for fiscal 2024. As a result, the filing of the annual report may be delayed, the company said. FTAI shares dropped 20% to $89.91 in premarket trading.

Citi defends FTAI Aviation after Muddy Waters short report causes 24% share drop; analyst finds key arguments hard to understand.