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    <link:label id="lab_ftai_NoncashorPartNoncashRestrictedCashProceedsfromBorrowings_E334F7876BBD93DAA772D4D4E6DC4B06_documentation_en-US" xlink:label="lab_ftai_NoncashorPartNoncashRestrictedCashProceedsfromBorrowings_E334F7876BBD93DAA772D4D4E6DC4B06" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Restricted Cash Proceeds from Borrowings</link:label>
    <link:loc xlink:href="ftai-20170331.xsd#ftai_NoncashorPartNoncashRestrictedCashProceedsfromBorrowings" xlink:label="loc_ftai_NoncashorPartNoncashRestrictedCashProceedsfromBorrowings_E334F7876BBD93DAA772D4D4E6DC4B06" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_NoncashorPartNoncashRestrictedCashProceedsfromBorrowings_E334F7876BBD93DAA772D4D4E6DC4B06" xlink:to="lab_ftai_NoncashorPartNoncashRestrictedCashProceedsfromBorrowings_E334F7876BBD93DAA772D4D4E6DC4B06" xlink:type="arc" />
    <link:label id="lab_ftai_NoncashorPartNoncashProceedsfromBorrowingsofDebt_229EAE2E3C4F7CCF9B69D4D4E6DCF51C_terseLabel_en-US" xlink:label="lab_ftai_NoncashorPartNoncashProceedsfromBorrowingsofDebt_229EAE2E3C4F7CCF9B69D4D4E6DCF51C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from borrowings of debt</link:label>
    <link:label id="lab_ftai_NoncashorPartNoncashProceedsfromBorrowingsofDebt_229EAE2E3C4F7CCF9B69D4D4E6DCF51C_label_en-US" xlink:label="lab_ftai_NoncashorPartNoncashProceedsfromBorrowingsofDebt_229EAE2E3C4F7CCF9B69D4D4E6DCF51C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Proceeds from Borrowings of Debt</link:label>
    <link:label id="lab_ftai_NoncashorPartNoncashProceedsfromBorrowingsofDebt_229EAE2E3C4F7CCF9B69D4D4E6DCF51C_documentation_en-US" xlink:label="lab_ftai_NoncashorPartNoncashProceedsfromBorrowingsofDebt_229EAE2E3C4F7CCF9B69D4D4E6DCF51C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Proceeds from Borrowings of Debt</link:label>
    <link:loc xlink:href="ftai-20170331.xsd#ftai_NoncashorPartNoncashProceedsfromBorrowingsofDebt" xlink:label="loc_ftai_NoncashorPartNoncashProceedsfromBorrowingsofDebt_229EAE2E3C4F7CCF9B69D4D4E6DCF51C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_NoncashorPartNoncashProceedsfromBorrowingsofDebt_229EAE2E3C4F7CCF9B69D4D4E6DCF51C" xlink:to="lab_ftai_NoncashorPartNoncashProceedsfromBorrowingsofDebt_229EAE2E3C4F7CCF9B69D4D4E6DCF51C" xlink:type="arc" />
    <link:label id="lab_ftai_NoncashorPartNoncashRepaymentofDebt_CA2ECA86992D738AF581D4D4E6DC70E8_negatedTerseLabel_en-US" xlink:label="lab_ftai_NoncashorPartNoncashRepaymentofDebt_CA2ECA86992D738AF581D4D4E6DC70E8" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repayment of debt</link:label>
    <link:label id="lab_ftai_NoncashorPartNoncashRepaymentofDebt_CA2ECA86992D738AF581D4D4E6DC70E8_label_en-US" xlink:label="lab_ftai_NoncashorPartNoncashRepaymentofDebt_CA2ECA86992D738AF581D4D4E6DC70E8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Repayment of Debt</link:label>
    <link:label id="lab_ftai_NoncashorPartNoncashRepaymentofDebt_CA2ECA86992D738AF581D4D4E6DC70E8_documentation_en-US" xlink:label="lab_ftai_NoncashorPartNoncashRepaymentofDebt_CA2ECA86992D738AF581D4D4E6DC70E8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Repayment of Debt</link:label>
    <link:loc xlink:href="ftai-20170331.xsd#ftai_NoncashorPartNoncashRepaymentofDebt" xlink:label="loc_ftai_NoncashorPartNoncashRepaymentofDebt_CA2ECA86992D738AF581D4D4E6DC70E8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_NoncashorPartNoncashRepaymentofDebt_CA2ECA86992D738AF581D4D4E6DC70E8" xlink:to="lab_ftai_NoncashorPartNoncashRepaymentofDebt_CA2ECA86992D738AF581D4D4E6DC70E8" xlink:type="arc" />
    <link:label id="lab_ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired_93781D40E6C1AB23D112D4D4E6DCFB99_negatedTerseLabel_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired_93781D40E6C1AB23D112D4D4E6DCFB99" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of leasing equipment</link:label>
    <link:label id="lab_ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired_93781D40E6C1AB23D112D4D4E6DCFB99_label_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired_93781D40E6C1AB23D112D4D4E6DCFB99" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Leasing Equipment Acquired</link:label>
    <link:label id="lab_ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired_93781D40E6C1AB23D112D4D4E6DCFB99_documentation_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired_93781D40E6C1AB23D112D4D4E6DCFB99" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Leasing Equipment Acquired</link:label>
    <link:loc xlink:href="ftai-20170331.xsd#ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired" xlink:label="loc_ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired_93781D40E6C1AB23D112D4D4E6DCFB99" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired_93781D40E6C1AB23D112D4D4E6DCFB99" xlink:to="lab_ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired_93781D40E6C1AB23D112D4D4E6DCFB99" xlink:type="arc" />
    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_F9E852DD0EA495703A61D4D4E6DCB762_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_F9E852DD0EA495703A61D4D4E6DCB762" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of property, plant and equipment</link:label>
    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_F9E852DD0EA495703A61D4D4E6DCB762_label_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_F9E852DD0EA495703A61D4D4E6DCB762" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Fixed Assets Acquired</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:label="loc_us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_F9E852DD0EA495703A61D4D4E6DCB762" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_F9E852DD0EA495703A61D4D4E6DCB762" xlink:to="lab_us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_F9E852DD0EA495703A61D4D4E6DCB762" xlink:type="arc" />
    <link:label id="lab_ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed_AE670834DC8F3BDC64B4D4D4E6DC7125_terseLabel_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed_AE670834DC8F3BDC64B4D4D4E6DC7125" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Settled and assumed security deposits</link:label>
    <link:label id="lab_ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed_AE670834DC8F3BDC64B4D4D4E6DC7125_label_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed_AE670834DC8F3BDC64B4D4D4E6DC7125" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Security Deposits Settled and Assumed</link:label>
    <link:label id="lab_ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed_AE670834DC8F3BDC64B4D4D4E6DC7125_documentation_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed_AE670834DC8F3BDC64B4D4D4E6DC7125" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Security Deposits Settled and Assumed</link:label>
    <link:loc xlink:href="ftai-20170331.xsd#ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed" xlink:label="loc_ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed_AE670834DC8F3BDC64B4D4D4E6DC7125" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed_AE670834DC8F3BDC64B4D4D4E6DC7125" xlink:to="lab_ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed_AE670834DC8F3BDC64B4D4D4E6DC7125" xlink:type="arc" />
    <link:label id="lab_ftai_NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed_C48F50AEBA6D297A98B7D4D4E6DCD7B8_terseLabel_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed_C48F50AEBA6D297A98B7D4D4E6DCD7B8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Billed, assumed and settled maintenance deposits</link:label>
    <link:label id="lab_ftai_NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed_C48F50AEBA6D297A98B7D4D4E6DCD7B8_label_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed_C48F50AEBA6D297A98B7D4D4E6DCD7B8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Maintenance Deposits Billed and Assumed</link:label>
    <link:label id="lab_ftai_NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed_C48F50AEBA6D297A98B7D4D4E6DCD7B8_documentation_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed_C48F50AEBA6D297A98B7D4D4E6DCD7B8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Maintenance Deposits Billed and Assumed</link:label>
    <link:loc xlink:href="ftai-20170331.xsd#ftai_NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed" xlink:label="loc_ftai_NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed_C48F50AEBA6D297A98B7D4D4E6DCD7B8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed_C48F50AEBA6D297A98B7D4D4E6DCD7B8" xlink:to="lab_ftai_NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed_C48F50AEBA6D297A98B7D4D4E6DCD7B8" xlink:type="arc" />
    <link:label id="lab_ftai_DeferredFinancingCostsNonCash_D82BC7E958E2524853BED4D4E6DCA2FB_negatedTerseLabel_en-US" xlink:label="lab_ftai_DeferredFinancingCostsNonCash_D82BC7E958E2524853BED4D4E6DCA2FB" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Deferred financing costs</link:label>
    <link:label id="lab_ftai_DeferredFinancingCostsNonCash_D82BC7E958E2524853BED4D4E6DCA2FB_label_en-US" xlink:label="lab_ftai_DeferredFinancingCostsNonCash_D82BC7E958E2524853BED4D4E6DCA2FB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Financing Costs, Non-Cash</link:label>
    <link:label id="lab_ftai_DeferredFinancingCostsNonCash_D82BC7E958E2524853BED4D4E6DCA2FB_documentation_en-US" xlink:label="lab_ftai_DeferredFinancingCostsNonCash_D82BC7E958E2524853BED4D4E6DCA2FB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deferred Financing Costs, Non-Cash</link:label>
    <link:loc xlink:href="ftai-20170331.xsd#ftai_DeferredFinancingCostsNonCash" xlink:label="loc_ftai_DeferredFinancingCostsNonCash_D82BC7E958E2524853BED4D4E6DCA2FB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_DeferredFinancingCostsNonCash_D82BC7E958E2524853BED4D4E6DCA2FB" xlink:to="lab_ftai_DeferredFinancingCostsNonCash_D82BC7E958E2524853BED4D4E6DCA2FB" xlink:type="arc" />
    <link:label id="lab_ftai_StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction_1E5D8C3AB28994E543C3D4D4E6DC22FF_terseLabel_en-US" xlink:label="lab_ftai_StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction_1E5D8C3AB28994E543C3D4D4E6DC22FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common share issuance costs</link:label>
    <link:label id="lab_ftai_StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction_1E5D8C3AB28994E543C3D4D4E6DC22FF_label_en-US" xlink:label="lab_ftai_StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction_1E5D8C3AB28994E543C3D4D4E6DC22FF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Issuance Costs Incurred During Noncash or Partial Noncash Transaction</link:label>
    <link:label id="lab_ftai_StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction_1E5D8C3AB28994E543C3D4D4E6DC22FF_documentation_en-US" xlink:label="lab_ftai_StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction_1E5D8C3AB28994E543C3D4D4E6DC22FF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Issuance Costs Incurred During Noncash or Partial Noncash Transaction</link:label>
    <link:loc xlink:href="ftai-20170331.xsd#ftai_StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction" xlink:label="loc_ftai_StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction_1E5D8C3AB28994E543C3D4D4E6DC22FF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction_1E5D8C3AB28994E543C3D4D4E6DC22FF" xlink:to="lab_ftai_StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction_1E5D8C3AB28994E543C3D4D4E6DC22FF" xlink:type="arc" />
    <link:label id="lab_ftai_DistributionPayable_B11536B66D5323B7CBF8D4D4E6DCB58D_negatedTerseLabel_en-US" xlink:label="lab_ftai_DistributionPayable_B11536B66D5323B7CBF8D4D4E6DCB58D" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Dividends payable</link:label>
    <link:label id="lab_ftai_DistributionPayable_B11536B66D5323B7CBF8D4D4E6DCB58D_label_en-US" xlink:label="lab_ftai_DistributionPayable_B11536B66D5323B7CBF8D4D4E6DCB58D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Distribution Payable</link:label>
    <link:label id="lab_ftai_DistributionPayable_B11536B66D5323B7CBF8D4D4E6DCB58D_documentation_en-US" xlink:label="lab_ftai_DistributionPayable_B11536B66D5323B7CBF8D4D4E6DCB58D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Distribution Payable</link:label>
    <link:loc xlink:href="ftai-20170331.xsd#ftai_DistributionPayable" xlink:label="loc_ftai_DistributionPayable_B11536B66D5323B7CBF8D4D4E6DCB58D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_DistributionPayable_B11536B66D5323B7CBF8D4D4E6DCB58D" xlink:to="lab_ftai_DistributionPayable_B11536B66D5323B7CBF8D4D4E6DCB58D" xlink:type="arc" />
    <link:label id="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_B48DD04F870302CE3B50A7B0B5BA0E7E_label_en-US" xlink:label="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_B48DD04F870302CE3B50A7B0B5BA0E7E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Comprehensive Income [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_B48DD04F870302CE3B50A7B0B5BA0E7E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_B48DD04F870302CE3B50A7B0B5BA0E7E" xlink:to="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_B48DD04F870302CE3B50A7B0B5BA0E7E" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_DF21164479C0DDE505D1A7B0B5BAF3C0_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_DF21164479C0DDE505D1A7B0B5BAF3C0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other comprehensive (loss) income:</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_DF21164479C0DDE505D1A7B0B5BAF3C0_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_DF21164479C0DDE505D1A7B0B5BAF3C0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Net of Tax [Abstract]</link:label>
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    <link:label id="lab_us-gaap_EurodollarMember_51E1E0BE281BE169E8B3A7B0B609A668_terseLabel_en-US" xlink:label="lab_us-gaap_EurodollarMember_51E1E0BE281BE169E8B3A7B0B609A668" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Eurodollar</link:label>
    <link:label id="lab_us-gaap_EurodollarMember_51E1E0BE281BE169E8B3A7B0B609A668_label_en-US" xlink:label="lab_us-gaap_EurodollarMember_51E1E0BE281BE169E8B3A7B0B609A668" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Eurodollar [Member]</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentLineItems_3A013039484C3E61A49DA7B0B60986BB_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentLineItems_3A013039484C3E61A49DA7B0B60986BB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument [Line Items]</link:label>
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    <link:label id="lab_us-gaap_DebtInstrumentFaceAmount_02FDB9DAEE6184220A12A7B0B6090B4E_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_02FDB9DAEE6184220A12A7B0B6090B4E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Face Amount</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_02FDB9DAEE6184220A12A7B0B6090B4E" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentPeriodicPayment" xlink:label="loc_us-gaap_DebtInstrumentPeriodicPayment_89E4E971259113FD0966A7B0B609829D" xlink:type="locator" />
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    <link:label id="lab_ftai_DebtInstrumentCovenantFixedChargeCoverageRatio_309039CC393B9296C906A7B0B609A8F2_terseLabel_en-US" xlink:label="lab_ftai_DebtInstrumentCovenantFixedChargeCoverageRatio_309039CC393B9296C906A7B0B609A8F2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fixed charge coverage ratio</link:label>
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    <link:label id="lab_ftai_DebtInstrumentCallableDebt_1567D439D9DF5B23D6ECA7B0B6095900_terseLabel_en-US" xlink:label="lab_ftai_DebtInstrumentCallableDebt_1567D439D9DF5B23D6ECA7B0B6095900" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Callable debt</link:label>
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    <link:label id="lab_ftai_DebtInstrumentRedemptionPricePercentageInFourYears_EFF268D700A66976BD9DA7B0B60A064E_terseLabel_en-US" xlink:label="lab_ftai_DebtInstrumentRedemptionPricePercentageInFourYears_EFF268D700A66976BD9DA7B0B60A064E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Redemption price, rate, in four years</link:label>
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    <link:label id="lab_ftai_DebtInstrumentRedemptionPricePercentageConditionOne_122B09586CD481CA2B96A7B0B60A74E1_terseLabel_en-US" xlink:label="lab_ftai_DebtInstrumentRedemptionPricePercentageConditionOne_122B09586CD481CA2B96A7B0B60A74E1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Redemption price, condition one</link:label>
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    <link:label id="lab_us-gaap_SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_53B97ED75AACBECC3819A7B0B60AECDC_terseLabel_en-US" xlink:label="lab_us-gaap_SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_53B97ED75AACBECC3819A7B0B60AECDC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ownership interest by LLC</link:label>
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    <link:label id="lab_ftai_ListedSecuritiesMember_E27C10371E26446E2924A7B0B4CE4069_terseLabel_en-US" xlink:label="lab_ftai_ListedSecuritiesMember_E27C10371E26446E2924A7B0B4CE4069" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Listed securities</link:label>
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    <link:label id="lab_ftai_RailroadTrackandRelatedAssetsMember_6BE5F7BD285B4322220FA7B0B4B5BA4E_terseLabel_en-US" xlink:label="lab_ftai_RailroadTrackandRelatedAssetsMember_6BE5F7BD285B4322220FA7B0B4B5BA4E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Track and track related assets</link:label>
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_C0F91E37DFE5F72BCD13A7B0B6245CF9_periodStartLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_C0F91E37DFE5F72BCD13A7B0B6245CF9" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Stock options outstanding (in usd per share)</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsFairValueDisclosure" xlink:label="loc_us-gaap_AssetsFairValueDisclosure_A1DF929BF23DB2EC9989A7B0B49728BD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsFairValueDisclosure_A1DF929BF23DB2EC9989A7B0B49728BD" xlink:to="lab_us-gaap_AssetsFairValueDisclosure_A1DF929BF23DB2EC9989A7B0B49728BD" xlink:type="arc" />
    <link:label id="lab_ftai_AdjustedNetIncomeLoss_AC9EDE764FDD9E85AC31A7B0B61AC17A_terseLabel_en-US" xlink:label="lab_ftai_AdjustedNetIncomeLoss_AC9EDE764FDD9E85AC31A7B0B61AC17A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjusted Net Income (Loss)</link:label>
    <link:label id="lab_ftai_AdjustedNetIncomeLoss_AC9EDE764FDD9E85AC31A7B0B61AC17A_label_en-US" xlink:label="lab_ftai_AdjustedNetIncomeLoss_AC9EDE764FDD9E85AC31A7B0B61AC17A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjusted Net Income (Loss)</link:label>
    <link:label id="lab_ftai_AdjustedNetIncomeLoss_AC9EDE764FDD9E85AC31A7B0B61AC17A_documentation_en-US" xlink:label="lab_ftai_AdjustedNetIncomeLoss_AC9EDE764FDD9E85AC31A7B0B61AC17A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjusted Net Income (Loss)</link:label>
    <link:loc xlink:href="ftai-20170331.xsd#ftai_AdjustedNetIncomeLoss" xlink:label="loc_ftai_AdjustedNetIncomeLoss_AC9EDE764FDD9E85AC31A7B0B61AC17A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_AdjustedNetIncomeLoss_AC9EDE764FDD9E85AC31A7B0B61AC17A" xlink:to="lab_ftai_AdjustedNetIncomeLoss_AC9EDE764FDD9E85AC31A7B0B61AC17A" xlink:type="arc" />
    <link:label id="lab_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_2DD563D03DED89813606A7B0B61A8EFF_terseLabel_en-US" xlink:label="lab_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_2DD563D03DED89813606A7B0B61A8EFF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Add: Non-controlling share of adjustments to Adjusted Net Income</link:label>
    <link:label id="lab_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_2DD563D03DED89813606A7B0B61A8EFF_label_en-US" xlink:label="lab_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_2DD563D03DED89813606A7B0B61A8EFF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjusted Net Income (Loss) Attributable to Non-Controlling Interest</link:label>
    <link:label id="lab_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_2DD563D03DED89813606A7B0B61A8EFF_documentation_en-US" xlink:label="lab_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_2DD563D03DED89813606A7B0B61A8EFF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjusted Net Income (Loss) Attributable to Non-Controlling Interest</link:label>
    <link:loc xlink:href="ftai-20170331.xsd#ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest" xlink:label="loc_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_2DD563D03DED89813606A7B0B61A8EFF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_2DD563D03DED89813606A7B0B61A8EFF" xlink:to="lab_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_2DD563D03DED89813606A7B0B61A8EFF" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeTaxesPaidNet_21695148D3F0855C0492A7B0B61AD86D_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxesPaidNet_21695148D3F0855C0492A7B0B61AD86D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Add: Cash payments for income taxes</link:label>
    <link:label id="lab_us-gaap_IncomeTaxesPaidNet_21695148D3F0855C0492A7B0B61AD86D_label_en-US" xlink:label="lab_us-gaap_IncomeTaxesPaidNet_21695148D3F0855C0492A7B0B61AD86D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Taxes Paid, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="loc_us-gaap_IncomeTaxesPaidNet_21695148D3F0855C0492A7B0B61AD86D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxesPaidNet_21695148D3F0855C0492A7B0B61AD86D" xlink:to="lab_us-gaap_IncomeTaxesPaidNet_21695148D3F0855C0492A7B0B61AD86D" xlink:type="arc" />
    <link:label id="lab_ftai_IncentiveIncomeAllocated_4CA0E9846C02C36BDFEAA7B0B61BE58A_terseLabel_en-US" xlink:label="lab_ftai_IncentiveIncomeAllocated_4CA0E9846C02C36BDFEAA7B0B61BE58A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: Incentive allocations</link:label>
    <link:label id="lab_ftai_IncentiveIncomeAllocated_4CA0E9846C02C36BDFEAA7B0B61BE58A_label_en-US" xlink:label="lab_ftai_IncentiveIncomeAllocated_4CA0E9846C02C36BDFEAA7B0B61BE58A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Incentive Income Allocated</link:label>
    <link:label id="lab_ftai_IncentiveIncomeAllocated_4CA0E9846C02C36BDFEAA7B0B61BE58A_documentation_en-US" xlink:label="lab_ftai_IncentiveIncomeAllocated_4CA0E9846C02C36BDFEAA7B0B61BE58A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Incentive Income Allocated</link:label>
    <link:loc xlink:href="ftai-20170331.xsd#ftai_IncentiveIncomeAllocated" xlink:label="loc_ftai_IncentiveIncomeAllocated_4CA0E9846C02C36BDFEAA7B0B61BE58A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_IncentiveIncomeAllocated_4CA0E9846C02C36BDFEAA7B0B61BE58A" xlink:to="lab_ftai_IncentiveIncomeAllocated_4CA0E9846C02C36BDFEAA7B0B61BE58A" xlink:type="arc" />
    <link:label id="lab_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_C0EEB8BF4A4BD60F0896A7B0B61B0242_terseLabel_en-US" xlink:label="lab_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_C0EEB8BF4A4BD60F0896A7B0B61B0242" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities</link:label>
    <link:label id="lab_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_C0EEB8BF4A4BD60F0896A7B0B61B0242_label_en-US" xlink:label="lab_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_C0EEB8BF4A4BD60F0896A7B0B61B0242" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (Loss) from Equity Method Investments, Pro-Rata Share</link:label>
    <link:label id="lab_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_C0EEB8BF4A4BD60F0896A7B0B61B0242_documentation_en-US" xlink:label="lab_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_C0EEB8BF4A4BD60F0896A7B0B61B0242" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income (Loss) from Equity Method Investments, Pro-Rata Share</link:label>
    <link:loc xlink:href="ftai-20170331.xsd#ftai_IncomeLossfromEquityMethodInvestmentsProRataShare" xlink:label="loc_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_C0EEB8BF4A4BD60F0896A7B0B61B0242" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_C0EEB8BF4A4BD60F0896A7B0B61B0242" xlink:to="lab_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_C0EEB8BF4A4BD60F0896A7B0B61B0242" xlink:type="arc" />
    <link:label id="lab_us-gaap_AssetImpairmentCharges_00C7D36DB0DA710A4902A7B0B61B688B_negatedLabel_en-US" xlink:label="lab_us-gaap_AssetImpairmentCharges_00C7D36DB0DA710A4902A7B0B61B688B" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: Asset impairment charges</link:label>
    <link:label id="lab_us-gaap_AssetImpairmentCharges_00C7D36DB0DA710A4902A7B0B61B688B_label_en-US" xlink:label="lab_us-gaap_AssetImpairmentCharges_00C7D36DB0DA710A4902A7B0B61B688B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Asset Impairment Charges</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetImpairmentCharges" xlink:label="loc_us-gaap_AssetImpairmentCharges_00C7D36DB0DA710A4902A7B0B61B688B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetImpairmentCharges_00C7D36DB0DA710A4902A7B0B61B688B" xlink:to="lab_us-gaap_AssetImpairmentCharges_00C7D36DB0DA710A4902A7B0B61B688B" xlink:type="arc" />
    <link:label id="lab_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_EBC4271C2A176ED04E86A7B0B61B1A65_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_EBC4271C2A176ED04E86A7B0B61B1A65" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: Changes in fair value of non-hedge derivative instruments</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet" xlink:label="loc_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_EBC4271C2A176ED04E86A7B0B61B1A65" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_EBC4271C2A176ED04E86A7B0B61B1A65" xlink:to="lab_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_EBC4271C2A176ED04E86A7B0B61B1A65" xlink:type="arc" />
    <link:label id="lab_ftai_GainsLossesonExtinguishmentorRestructuringofDebt_6FBACFC447AA57F26001A7B0B61B9BDB_terseLabel_en-US" xlink:label="lab_ftai_GainsLossesonExtinguishmentorRestructuringofDebt_6FBACFC447AA57F26001A7B0B61B9BDB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: Losses on the modification or extinguishment of debt and capital lease obligations</link:label>
    <link:label id="lab_ftai_GainsLossesonExtinguishmentorRestructuringofDebt_6FBACFC447AA57F26001A7B0B61B9BDB_label_en-US" xlink:label="lab_ftai_GainsLossesonExtinguishmentorRestructuringofDebt_6FBACFC447AA57F26001A7B0B61B9BDB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (Losses) on Extinguishment or Restructuring of Debt</link:label>
    <link:label id="lab_ftai_GainsLossesonExtinguishmentorRestructuringofDebt_6FBACFC447AA57F26001A7B0B61B9BDB_documentation_en-US" xlink:label="lab_ftai_GainsLossesonExtinguishmentorRestructuringofDebt_6FBACFC447AA57F26001A7B0B61B9BDB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gains (Losses) on Extinguishment or Restructuring of Debt</link:label>
    <link:loc xlink:href="ftai-20170331.xsd#ftai_GainsLossesonExtinguishmentorRestructuringofDebt" xlink:label="loc_ftai_GainsLossesonExtinguishmentorRestructuringofDebt_6FBACFC447AA57F26001A7B0B61B9BDB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_GainsLossesonExtinguishmentorRestructuringofDebt_6FBACFC447AA57F26001A7B0B61B9BDB" xlink:to="lab_ftai_GainsLossesonExtinguishmentorRestructuringofDebt_6FBACFC447AA57F26001A7B0B61B9BDB" xlink:type="arc" />
    <link:label id="lab_us-gaap_BusinessCombinationAcquisitionRelatedCosts_8C26D07B808667A84DF2A7B0B61BC6CA_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationAcquisitionRelatedCosts_8C26D07B808667A84DF2A7B0B61BC6CA" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Less: Acquisition and transaction expenses</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessCombinationAcquisitionRelatedCosts" xlink:label="loc_us-gaap_BusinessCombinationAcquisitionRelatedCosts_8C26D07B808667A84DF2A7B0B61BC6CA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BusinessCombinationAcquisitionRelatedCosts_8C26D07B808667A84DF2A7B0B61BC6CA" xlink:to="lab_us-gaap_BusinessCombinationAcquisitionRelatedCosts_8C26D07B808667A84DF2A7B0B61BC6CA" xlink:type="arc" />
    <link:label id="lab_us-gaap_AllocatedShareBasedCompensationExpense_7402A59A2A87AD3ECAEBA7B0B61B7009_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_AllocatedShareBasedCompensationExpense_7402A59A2A87AD3ECAEBA7B0B61B7009" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Less: Equity-based compensation expense</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpense_7402A59A2A87AD3ECAEBA7B0B61B7009" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AllocatedShareBasedCompensationExpense_7402A59A2A87AD3ECAEBA7B0B61B7009" xlink:to="lab_us-gaap_AllocatedShareBasedCompensationExpense_7402A59A2A87AD3ECAEBA7B0B61B7009" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncomeTaxExpenseBenefit_1337768F5DB21981C238A7B0B61B70B1_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxExpenseBenefit_1337768F5DB21981C238A7B0B61B70B1" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Less: Provision for income taxes</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_1337768F5DB21981C238A7B0B61B70B1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_1337768F5DB21981C238A7B0B61B70B1" xlink:to="lab_us-gaap_IncomeTaxExpenseBenefit_1337768F5DB21981C238A7B0B61B70B1" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_E1BBE129DC6F53F36F36A7B0B5F68B75_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_E1BBE129DC6F53F36F36A7B0B5F68B75" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Finite-Lived Intangible Assets and Liabilities</link:label>
    <link:label id="lab_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_E1BBE129DC6F53F36F36A7B0B5F68B75_label_en-US" xlink:label="lab_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_E1BBE129DC6F53F36F36A7B0B5F68B75" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Finite-Lived Intangible Assets [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_E1BBE129DC6F53F36F36A7B0B5F68B75" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_E1BBE129DC6F53F36F36A7B0B5F68B75" xlink:to="lab_us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock_E1BBE129DC6F53F36F36A7B0B5F68B75" xlink:type="arc" />
    <link:label id="lab_ftai_ScheduleofIntangibleAssetsandLiabilitiesTableTextBlockTableTextBlock_7AD0FD11AE196EBFADD8A7B0B5F622EC_terseLabel_en-US" xlink:label="lab_ftai_ScheduleofIntangibleAssetsandLiabilitiesTableTextBlockTableTextBlock_7AD0FD11AE196EBFADD8A7B0B5F622EC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Intangible Assets and Liabilities</link:label>
    <link:label id="lab_ftai_ScheduleofIntangibleAssetsandLiabilitiesTableTextBlockTableTextBlock_7AD0FD11AE196EBFADD8A7B0B5F622EC_label_en-US" xlink:label="lab_ftai_ScheduleofIntangibleAssetsandLiabilitiesTableTextBlockTableTextBlock_7AD0FD11AE196EBFADD8A7B0B5F622EC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Intangible Assets and Liabilities [Table Text Block] [Table Text Block]</link:label>
    <link:label id="lab_ftai_ScheduleofIntangibleAssetsandLiabilitiesTableTextBlockTableTextBlock_7AD0FD11AE196EBFADD8A7B0B5F622EC_documentation_en-US" xlink:label="lab_ftai_ScheduleofIntangibleAssetsandLiabilitiesTableTextBlockTableTextBlock_7AD0FD11AE196EBFADD8A7B0B5F622EC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Intangible Assets and Liabilities [Table Text Block] [Table Text Block]</link:label>
    <link:loc xlink:href="ftai-20170331.xsd#ftai_ScheduleofIntangibleAssetsandLiabilitiesTableTextBlockTableTextBlock" xlink:label="loc_ftai_ScheduleofIntangibleAssetsandLiabilitiesTableTextBlockTableTextBlock_7AD0FD11AE196EBFADD8A7B0B5F622EC" xlink:type="locator" />
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    <link:label id="lab_ftai_CapitalandOperatingLeasesFutureMinimumPaymentsDueinThreeYears_5D334410966074F38240A7B0B53EE888_terseLabel_en-US" xlink:label="lab_ftai_CapitalandOperatingLeasesFutureMinimumPaymentsDueinThreeYears_5D334410966074F38240A7B0B53EE888" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2019</link:label>
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    <link:label id="lab_ftai_CapitalandOperatingLeasesFutureMinimumPaymentsDueinFourYears_B67AEEDE0D7986FF42A7A7B0B53E7AF6_terseLabel_en-US" xlink:label="lab_ftai_CapitalandOperatingLeasesFutureMinimumPaymentsDueinFourYears_B67AEEDE0D7986FF42A7A7B0B53E7AF6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2020</link:label>
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    <link:label id="lab_ftai_CapitalandOperatingLeasesFutureMinimumPaymentsDueinFiveYears_514DF5FF669E9F7CBAFCA7B0B53ED26B_terseLabel_en-US" xlink:label="lab_ftai_CapitalandOperatingLeasesFutureMinimumPaymentsDueinFiveYears_514DF5FF669E9F7CBAFCA7B0B53ED26B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2021</link:label>
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    <link:label id="lab_ftai_CapitalandOperatingLeasesFutureMinimumPaymentsDueThereafter_D9AFF275F61B9244001DA7B0B53ED8C3_label_en-US" xlink:label="lab_ftai_CapitalandOperatingLeasesFutureMinimumPaymentsDueThereafter_D9AFF275F61B9244001DA7B0B53ED8C3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital and Operating Leases, Future Minimum Payments, Due Thereafter</link:label>
    <link:label id="lab_ftai_CapitalandOperatingLeasesFutureMinimumPaymentsDueThereafter_D9AFF275F61B9244001DA7B0B53ED8C3_documentation_en-US" xlink:label="lab_ftai_CapitalandOperatingLeasesFutureMinimumPaymentsDueThereafter_D9AFF275F61B9244001DA7B0B53ED8C3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capital and Operating Leases, Future Minimum Payments, Due Thereafter</link:label>
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    <link:label id="lab_ftai_CapitalandOperatingLeasesFutureMinimumPaymentsDue_AB900AB82908BC0D9905A7B0B53E7DF5_label_en-US" xlink:label="lab_ftai_CapitalandOperatingLeasesFutureMinimumPaymentsDue_AB900AB82908BC0D9905A7B0B53E7DF5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital and Operating Leases, Future Minimum Payments Due</link:label>
    <link:label id="lab_ftai_CapitalandOperatingLeasesFutureMinimumPaymentsDue_AB900AB82908BC0D9905A7B0B53E7DF5_documentation_en-US" xlink:label="lab_ftai_CapitalandOperatingLeasesFutureMinimumPaymentsDue_AB900AB82908BC0D9905A7B0B53E7DF5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capital and Operating Leases, Future Minimum Payments Due</link:label>
    <link:loc xlink:href="ftai-20170331.xsd#ftai_CapitalandOperatingLeasesFutureMinimumPaymentsDue" xlink:label="loc_ftai_CapitalandOperatingLeasesFutureMinimumPaymentsDue_AB900AB82908BC0D9905A7B0B53E7DF5" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear_DB44C9D587B3F9A79031A7B0B3EC9704_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear_DB44C9D587B3F9A79031A7B0B3EC9704" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2017</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear_DB44C9D587B3F9A79031A7B0B3EC9704" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear_DB44C9D587B3F9A79031A7B0B3EC9704" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear_DB44C9D587B3F9A79031A7B0B3EC9704" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_8CC7C970016B59AD1D3DA7B0B3ECBB84_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_8CC7C970016B59AD1D3DA7B0B3ECBB84" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2018</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_8CC7C970016B59AD1D3DA7B0B3ECBB84_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_8CC7C970016B59AD1D3DA7B0B3ECBB84" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Receivable, in Two Years</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_8CC7C970016B59AD1D3DA7B0B3ECBB84" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_8CC7C970016B59AD1D3DA7B0B3ECBB84" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_8CC7C970016B59AD1D3DA7B0B3ECBB84" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_9D1AFF3B294434888DF0A7B0B3EC3377_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_9D1AFF3B294434888DF0A7B0B3EC3377" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2019</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_9D1AFF3B294434888DF0A7B0B3EC3377_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_9D1AFF3B294434888DF0A7B0B3EC3377" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Receivable, in Three Years</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_9D1AFF3B294434888DF0A7B0B3EC3377" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_9D1AFF3B294434888DF0A7B0B3EC3377" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_9D1AFF3B294434888DF0A7B0B3EC3377" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_09E7823F44B0479F3DD2A7B0B3EC6969_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_09E7823F44B0479F3DD2A7B0B3EC6969" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2020</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_09E7823F44B0479F3DD2A7B0B3EC6969_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_09E7823F44B0479F3DD2A7B0B3EC6969" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Receivable, in Four Years</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_09E7823F44B0479F3DD2A7B0B3EC6969" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_09E7823F44B0479F3DD2A7B0B3EC6969" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_09E7823F44B0479F3DD2A7B0B3EC6969" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_0FB7D63F89B950D88058A7B0B3EC0EFC_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_0FB7D63F89B950D88058A7B0B3EC0EFC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2021</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_0FB7D63F89B950D88058A7B0B3EC0EFC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_0FB7D63F89B950D88058A7B0B3EC0EFC" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_0FB7D63F89B950D88058A7B0B3EC0EFC" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_57B9C0BA2B9B710CD1B9A7B0B3EC9768_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_57B9C0BA2B9B710CD1B9A7B0B3EC9768" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Thereafter</link:label>
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    <link:label id="lab_us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived_95C4BA254FA2B66EF2F6A7B0B4838923_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived_95C4BA254FA2B66EF2F6A7B0B4838923" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance leases</link:label>
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