Form 3 Filing for Nicholas McAleese

This filing reports initial ownership of ordinary shares by Nicholas McAleese, Chief Financial Officer of FTAI Aviation Ltd. As of March 6, 2026, McAleese directly owns 666 ordinary shares. The filing also includes a Power of Attorney, dated March 6, 2026, appointing Joseph P. Adams, David Moreno, Stacy Kuperus, and BoHee Yoon as attorneys-in-fact to execute and file Forms 3, 4, and 5 on his behalf. The Power of Attorney remains in effect until McAleese is no longer required to file such forms.