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Investing.com -- FTAI Aviation Ltd (NASDAQ:FTAI) stock rose 2.3% in premarket trading Monday following the announcement of a multi-year strategic partnership with Palantir Technologies (NYSE:PLTR) to implement artificial intelligence solutions across its global maintenance operations.
The aircraft engine maintenance leader will leverage Palantir’s Artificial Intelligence Platform (AIP) to transform productivity and reduce manufacturing costs by improving maintenance scheduling and inventory optimization. The partnership aims to enhance FTAI’s internal supply chain efficiency through automated workflows, rapid asset allocation, and dynamic procurement strategies.
With AI-assisted decision making, FTAI is targeting faster production turnaround times and improved unit economics, which could bring additional cost savings to its customers globally. The company intends to use these efficiencies to disrupt the traditional maintenance, repair, and overhaul model while accelerating production to meet growing demand.
"As our customer base continues to multiply, accelerating the integration of advanced technology into our operations is essential," said David Moreno, Chief Operating Officer of FTAI Aviation. "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."
The partnership highlights the increasing adoption of AI solutions in industrial operations, as companies seek to optimize complex supply chains and maintenance processes to improve efficiency and reduce costs.
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