In Part 1 of this two part podcast, Jacob Rubin returns to the podcast. We start by wrapping up his prior podcast appearance on ESGC, and then we move into discussing FTAI and why he thinks the stock is dramatically undervalued and an upcoming spinoff could unlock significant value.

My FTAI notes: https://twitter.com/AndrewRangeley/status/1470841498048634885?s=20
Jacob's first podcast appearance: https://twitter.com/AndrewRangeley/status/1366760857590521861?s=20
Jacob's research on FTAI: http://philosophycap.com/research.html

Chapters
0:00 Intro
2:20 ESGC follow up
10:15 FTAI overview
16:00 How a spinoff and eliminating K-1's could catalyze FTAI
22:05 FTAI's aerospace segment
32:05 The upside from FTAI's parts manufacturing
36:55 Is engine leasing really a good business?
45:30 Discussing FTAI's external management structure
50:30 FTAI's infrastructure segment
52:05 FTAI's management team
54:20 More on FTAI's different infrastructure assets