Press Release Details

NEW YORK, May 14, 2015 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC ("FTAI" or the "Company") today announced the successful pricing of the initial public offering of 20,000,000 common shares, representing limited liability company interests, at a public offering price of $17.00 per share. In addition, the underwriters have a 30-day option to purchase up to 3,000,000 additional common shares.

The shares are scheduled to begin trading on the New York Stock Exchange ("NYSE") on May 15, 2015 under the ticker symbol "FTAI". The offering is expected to close on or about May 20, 2015, subject to customary closing conditions.

FTAI was formed to own and acquire high quality infrastructure and equipment that is essential for the transportation of goods and people globally. The Company intends to use the net proceeds from this offering, together with other sources of capital and liquidity, for the acquisition of infrastructure and equipment assets in its target sectors—aviation, energy, intermodal transport and rail—as well as to opportunistically acquire assets across the transportation and transportation-related infrastructure markets. In addition, the Company intends to use the net proceeds for follow-on investments in existing assets, working capital and other general corporate purposes.

Citigroup Global Markets Inc., BofA Merrill Lynch, Barclays Capital Inc., Deutsche Bank Securities Inc. and UBS Securities LLC are acting as joint book-running managers for the proposed offering. JMP Securities LLC, Raymond James & Associates, Inc., Stephens Inc. and WR Securities, LLC are acting as co-managers for the proposed offering.

The offering is being made only by means of the written prospectus. Copies of the prospectus relating to the offering, when available, may be obtained from:

Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (800) 831-9146

BofA Merrill Lynch
222 Broadway
New York, NY 10038
Attn: Prospectus Department
Email: dg.prospectus_requests@baml.com

Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Email: barclaysprospectus@broadridge.com
Telephone: (888) 603-5847

Deutsche Bank Securities Inc.
60 Wall Street
New York, NY 10005
Attn: Prospectus Group
Email: prospectus.cpdg@db.com
Telephone: (800) 503-4611

UBS Securities LLC
299 Park Avenue
New York, NY 10171
Attn: Prospectus Department
Telephone: (888) 827-7275

A registration statement relating to these securities has been filed with and declared effective by the U.S. Securities and Exchange Commission ("SEC"). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The statements in this press release that are not historical facts may be forward-looking statements. Such forward looking statements, based upon the current beliefs and expectations of FTAI's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Accordingly, readers should not place undue reliance on forward-looking statements as a prediction of actual results. For more information concerning factors that could cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the "Risk Factors" section of the prospectus included in the registration statement, in the form last filed with the SEC. FTAI does not assume any obligation to update the information contained in this press release.

About Fortress Transportation and Infrastructure Investors LLC

Fortress Transportation and Infrastructure Investors LLC owns and acquires high quality infrastructure and equipment that is essential for the transportation of goods and people globally. FTAI targets assets that, on a combined basis, generate strong and stable cash flows with the potential for earnings growth and asset appreciation. FTAI is externally managed by FIG LLC, an affiliate of Fortress, a leading, diversified global investment firm.

CONTACT: For further information, please contact:
         Alan Andreini
         Investor Relations
         Fortress Transportation and Infrastructure Investors LLC
         (212) 798-6128
         aandreini@fortress.com