Exhibit 23.2
Consent of Independent Registered Public Accounting Firm
We consent to the reference to our firm under the caption "Experts" in the Registration Statement (Form S-3) and related Prospectus of FTAI Aviation Ltd. for
the registration of Ordinary Shares, Preferred Shares, Depositary Shares, Debt Securities, Warrants, Subscription Rights, Purchase Contracts, and Purchase Units and to the incorporation by reference therein of our report dated March 3, 2025, with
respect to the consolidated financial statements of FTAI Aviation Ltd. included in its Annual Report (Form 10-K) for the year ended December 31, 2025, filed with the Securities and Exchange Commission.
/s/ Ernst & Young LLP
New York, New York
May 1, 2026