<SEC-DOCUMENT>0000943712-25-000014.txt : 20250214
<SEC-HEADER>0000943712-25-000014.hdr.sgml : 20250214
<ACCEPTANCE-DATETIME>20250214155808
ACCESSION NUMBER:		0000943712-25-000014
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250214
DATE AS OF CHANGE:		20250214

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FTAI Aviation Ltd.
		CENTRAL INDEX KEY:			0001590364
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS EQUIPMENT RENTAL & LEASING [7350]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				981420784
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-88948
		FILM NUMBER:		25627834

	BUSINESS ADDRESS:	
		STREET 1:		415 WEST 13TH STREET
		STREET 2:		7TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10014
		BUSINESS PHONE:		(332) 239-7600

	MAIL ADDRESS:	
		STREET 1:		415 WEST 13TH STREET
		STREET 2:		7TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10014

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Fortress Transportation & Infrastructure Investors LLC
		DATE OF NAME CHANGE:	20140212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Fortress Transportation & Infrastructure Investors Ltd.
		DATE OF NAME CHANGE:	20131029

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WASHINGTON STATE INVESTMENT BOARD
		CENTRAL INDEX KEY:			0000943712
		ORGANIZATION NAME:           	
		IRS NUMBER:				383736455
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		2100 EVERGREEN PARK DR SW
		STREET 2:		PO BOX 40916
		CITY:			OLYMPIA
		STATE:			WA
		ZIP:			98504-0916
		BUSINESS PHONE:		3609564715

	MAIL ADDRESS:	
		STREET 1:		2100 EVERGREEN PARK DR SW
		STREET 2:		PO BOX 40916
		CITY:			OLYMPIA
		STATE:			WA
		ZIP:			98504-0916
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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	<headerData>
		<submissionType>SCHEDULE 13G/A</submissionType>
		<filerInfo>
			<filer>
				<filerCredentials>
					<cik>0000943712</cik>
					<ccc>XXXXXXXX</ccc>
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			<liveTestFlag>LIVE</liveTestFlag>


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<formData>
	<coverPageHeader>
		<amendmentNo>9</amendmentNo>
		<securitiesClassTitle>Common Stock</securitiesClassTitle>
		<eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
		<issuerInfo>
			<issuerCik>0001590364</issuerCik>
			<issuerName>FTAI Aviation Ltd.</issuerName>
			<issuerCusip>G3730V105</issuerCusip>
			<issuerPrincipalExecutiveOfficeAddress>
				<com:street1>415 West 13th Street</com:street1>
				<com:street2>7th Floor</com:street2>
				<com:city>New York</com:city>
				<com:stateOrCountry>NY</com:stateOrCountry>
				<com:zipCode>10014</com:zipCode>
			</issuerPrincipalExecutiveOfficeAddress>
		</issuerInfo>
		<designateRulesPursuantThisScheduleFiled>
			<designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
		</designateRulesPursuantThisScheduleFiled>
	</coverPageHeader>
	<coverPageHeaderReportingPersonDetails>

		<reportingPersonName>WASHINGTON STATE INVESTMENT BOARD</reportingPersonName>
		<citizenshipOrOrganization>WA</citizenshipOrOrganization>
		<reportingPersonBeneficiallyOwnedNumberOfShares>
			<soleVotingPower>2113811</soleVotingPower>
			<sharedVotingPower>0</sharedVotingPower>
			<soleDispositivePower>2070848</soleDispositivePower>
			<sharedDispositivePower>0</sharedDispositivePower>
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		<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>2113811</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
		<classPercent>2.1</classPercent>
		<typeOfReportingPerson>EP</typeOfReportingPerson>
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		<item1>
			<issuerName>FTAI Aviation Ltd.</issuerName>
			<issuerPrincipalExecutiveOfficeAddress>415 West 13th Street, 7th Floor, New York, NY 10014</issuerPrincipalExecutiveOfficeAddress>
		</item1>
		<item2>
			<filingPersonName>Washington State Investment Board</filingPersonName>
			<principalBusinessOfficeOrResidenceAddress>2100 Evergreen Park Dr SW, PO Box 40916, Olympia, WA 98504</principalBusinessOfficeOrResidenceAddress>
			<citizenship>United States</citizenship>
		</item2>
		<item3>
			<notApplicableFlag>N</notApplicableFlag>
			<typeOfPersonFiling>EP</typeOfPersonFiling>
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			<amountBeneficiallyOwned>2113811</amountBeneficiallyOwned>
			<classPercent>2.1</classPercent>
			<numberOfSharesPersonHas>
				<solePowerOrDirectToVote>2113811</solePowerOrDirectToVote>
				<sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
				<solePowerOrDirectToDispose>2070848</solePowerOrDirectToDispose>
				<sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
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		</item4>
		<item5>
			<notApplicableFlag>Y</notApplicableFlag>
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		<item6>
			<notApplicableFlag>Y</notApplicableFlag>
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		<item7>
			<notApplicableFlag>Y</notApplicableFlag>
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		<item8>
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			<notApplicableFlag>Y</notApplicableFlag>
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		<item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
	</items>
	<signatureInformation>
		<reportingPersonName>WASHINGTON STATE INVESTMENT BOARD</reportingPersonName>
	<signatureDetails>
		<signature>Greg Henderson</signature>
		<title>Investment Compliance Manager</title>
		<date>02/14/2025</date>
	</signatureDetails>
	</signatureInformation>
</formData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
