<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2024 Workiva-->
<!--r:d4509983-6371-4751-9c49-0896fbeef6b3,g:0285ed33-fec0-4070-9f42-b2494fe69d08-->
<xs:schema xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:ftai="http://www.ftandi.com/20240930" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:dtr-types1="http://www.xbrl.org/dtr/type/2020-01-21" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2022-03-31" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://www.ftandi.com/20240930">
  <xs:import namespace="http://fasb.org/srt/2024" schemaLocation="https://xbrl.fasb.org/srt/2024/elts/srt-2024.xsd"/>
  <xs:import namespace="http://fasb.org/us-gaap/2024" schemaLocation="https://xbrl.fasb.org/us-gaap/2024/elts/us-gaap-2024.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/dtr/type/2020-01-21" schemaLocation="https://www.xbrl.org/dtr/type/2020-01-21/types.xsd"/>
  <xs:import namespace="http://www.xbrl.org/dtr/type/2022-03-31" schemaLocation="https://www.xbrl.org/dtr/type/2022-03-31/types.xsd"/>
  <xs:import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/country/2024" schemaLocation="https://xbrl.sec.gov/country/2024/country-2024.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/dei/2024" schemaLocation="https://xbrl.sec.gov/dei/2024/dei-2024.xsd"/>
  <xs:annotation>
    <xs:appinfo>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="ftai-20240930_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="ftai-20240930_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="ftai-20240930_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="ftai-20240930_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:type="simple"/>
      <link:roleType id="Coverpage" roleURI="http://www.ftandi.com/role/Coverpage">
        <link:definition>0000001 - Document - Cover page</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDBALANCESHEETS" roleURI="http://www.ftandi.com/role/CONSOLIDATEDBALANCESHEETS">
        <link:definition>9952151 - Statement - CONSOLIDATED BALANCE SHEETS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDBALANCESHEETSParentheticals" roleURI="http://www.ftandi.com/role/CONSOLIDATEDBALANCESHEETSParentheticals">
        <link:definition>9952152 - Statement - CONSOLIDATED BALANCE SHEETS (Parentheticals)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDSTATEMENTSOFOPERATIONSunaudited" roleURI="http://www.ftandi.com/role/CONSOLIDATEDSTATEMENTSOFOPERATIONSunaudited">
        <link:definition>9952153 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDSTATEMENTOFCHANGESINEQUITYUnaudited" roleURI="http://www.ftandi.com/role/CONSOLIDATEDSTATEMENTOFCHANGESINEQUITYUnaudited">
        <link:definition>9952154 - Statement - CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (Unaudited)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="CONSOLIDATEDSTATEMENTSOFCASHFLOWSunaudited" roleURI="http://www.ftandi.com/role/CONSOLIDATEDSTATEMENTSOFCASHFLOWSunaudited">
        <link:definition>9952155 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ORGANIZATION" roleURI="http://www.ftandi.com/role/ORGANIZATION">
        <link:definition>9952156 - Disclosure - ORGANIZATION</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIES" roleURI="http://www.ftandi.com/role/SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIES">
        <link:definition>9952157 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACQUISITIONOFLOCKHEEDMARTINCOMMERCIALENGINESOLUTIONS" roleURI="http://www.ftandi.com/role/ACQUISITIONOFLOCKHEEDMARTINCOMMERCIALENGINESOLUTIONS">
        <link:definition>9952158 - Disclosure - ACQUISITION OF LOCKHEED MARTIN COMMERCIAL ENGINE SOLUTIONS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACQUISITIONOFQUICKTURN" roleURI="http://www.ftandi.com/role/ACQUISITIONOFQUICKTURN">
        <link:definition>9952159 - Disclosure - ACQUISITION OF QUICKTURN</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LEASINGEQUIPMENTNET" roleURI="http://www.ftandi.com/role/LEASINGEQUIPMENTNET">
        <link:definition>9952160 - Disclosure - LEASING EQUIPMENT, NET</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INVESTMENTS" roleURI="http://www.ftandi.com/role/INVESTMENTS">
        <link:definition>9952161 - Disclosure - INVESTMENTS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INTANGIBLEASSETSANDLIABILITIESNET" roleURI="http://www.ftandi.com/role/INTANGIBLEASSETSANDLIABILITIESNET">
        <link:definition>9952162 - Disclosure - INTANGIBLE ASSETS AND LIABILITIES, NET</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="DEBTNET" roleURI="http://www.ftandi.com/role/DEBTNET">
        <link:definition>9952163 - Disclosure - DEBT, NET</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FAIRVALUEMEASUREMENTS" roleURI="http://www.ftandi.com/role/FAIRVALUEMEASUREMENTS">
        <link:definition>9952164 - Disclosure - FAIR VALUE MEASUREMENTS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EQUITYBASEDCOMPENSATION" roleURI="http://www.ftandi.com/role/EQUITYBASEDCOMPENSATION">
        <link:definition>9952165 - Disclosure - EQUITY-BASED COMPENSATION</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INCOMETAXES" roleURI="http://www.ftandi.com/role/INCOMETAXES">
        <link:definition>9952166 - Disclosure - INCOME TAXES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="AFFILIATETRANSACTIONS" roleURI="http://www.ftandi.com/role/AFFILIATETRANSACTIONS">
        <link:definition>9952167 - Disclosure - AFFILIATE TRANSACTIONS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SEGMENTINFORMATION" roleURI="http://www.ftandi.com/role/SEGMENTINFORMATION">
        <link:definition>9952168 - Disclosure - SEGMENT INFORMATION</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EARNINGSPERSHAREANDEQUITY" roleURI="http://www.ftandi.com/role/EARNINGSPERSHAREANDEQUITY">
        <link:definition>9952169 - Disclosure - EARNINGS PER SHARE AND EQUITY</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="COMMITMENTSANDCONTINGENCIES" roleURI="http://www.ftandi.com/role/COMMITMENTSANDCONTINGENCIES">
        <link:definition>9952170 - Disclosure - COMMITMENTS AND CONTINGENCIES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RESTRUCTURINGCHARGES" roleURI="http://www.ftandi.com/role/RESTRUCTURINGCHARGES">
        <link:definition>9952171 - Disclosure - RESTRUCTURING CHARGES</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SUBSEQUENTEVENTS" roleURI="http://www.ftandi.com/role/SUBSEQUENTEVENTS">
        <link:definition>9952172 - Disclosure - SUBSEQUENT EVENTS</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESPolicies" roleURI="http://www.ftandi.com/role/SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESPolicies">
        <link:definition>9954471 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESTables" roleURI="http://www.ftandi.com/role/SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESTables">
        <link:definition>9954472 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACQUISITIONOFLOCKHEEDMARTINCOMMERCIALENGINESOLUTIONSTables" roleURI="http://www.ftandi.com/role/ACQUISITIONOFLOCKHEEDMARTINCOMMERCIALENGINESOLUTIONSTables">
        <link:definition>9954473 - Disclosure - ACQUISITION OF LOCKHEED MARTIN COMMERCIAL ENGINE SOLUTIONS (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACQUISITIONOFQUICKTURNTables" roleURI="http://www.ftandi.com/role/ACQUISITIONOFQUICKTURNTables">
        <link:definition>9954474 - Disclosure - ACQUISITION OF QUICKTURN (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LEASINGEQUIPMENTNETTables" roleURI="http://www.ftandi.com/role/LEASINGEQUIPMENTNETTables">
        <link:definition>9954475 - Disclosure - LEASING EQUIPMENT, NET (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INVESTMENTSTables" roleURI="http://www.ftandi.com/role/INVESTMENTSTables">
        <link:definition>9954476 - Disclosure - INVESTMENTS (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INTANGIBLEASSETSANDLIABILITIESNETTables" roleURI="http://www.ftandi.com/role/INTANGIBLEASSETSANDLIABILITIESNETTables">
        <link:definition>9954477 - Disclosure - INTANGIBLE ASSETS AND LIABILITIES, NET (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="DEBTNETTables" roleURI="http://www.ftandi.com/role/DEBTNETTables">
        <link:definition>9954478 - Disclosure - DEBT, NET (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FAIRVALUEMEASUREMENTSTables" roleURI="http://www.ftandi.com/role/FAIRVALUEMEASUREMENTSTables">
        <link:definition>9954479 - Disclosure - FAIR VALUE MEASUREMENTS (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EQUITYBASEDCOMPENSATIONTables" roleURI="http://www.ftandi.com/role/EQUITYBASEDCOMPENSATIONTables">
        <link:definition>9954480 - Disclosure - EQUITY-BASED COMPENSATION (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INCOMETAXESTables" roleURI="http://www.ftandi.com/role/INCOMETAXESTables">
        <link:definition>9954481 - Disclosure - INCOME TAXES (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="AFFILIATETRANSACTIONSTables" roleURI="http://www.ftandi.com/role/AFFILIATETRANSACTIONSTables">
        <link:definition>9954482 - Disclosure - AFFILIATE TRANSACTIONS (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SEGMENTINFORMATIONTables" roleURI="http://www.ftandi.com/role/SEGMENTINFORMATIONTables">
        <link:definition>9954483 - Disclosure - SEGMENT INFORMATION (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EARNINGSPERSHAREANDEQUITYTables" roleURI="http://www.ftandi.com/role/EARNINGSPERSHAREANDEQUITYTables">
        <link:definition>9954484 - Disclosure - EARNINGS PER SHARE AND EQUITY (Tables)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ORGANIZATIONDetails" roleURI="http://www.ftandi.com/role/ORGANIZATIONDetails">
        <link:definition>9954485 - Disclosure - ORGANIZATION (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESNarrativeDetails" roleURI="http://www.ftandi.com/role/SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESNarrativeDetails">
        <link:definition>9954486 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESSummaryofCashandNoncashRelatedActivitiesDetails" roleURI="http://www.ftandi.com/role/SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIESSummaryofCashandNoncashRelatedActivitiesDetails">
        <link:definition>9954487 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of Cash and Noncash Related Activities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACQUISITIONOFLOCKHEEDMARTINCOMMERCIALENGINESOLUTIONSNarrativeDetails" roleURI="http://www.ftandi.com/role/ACQUISITIONOFLOCKHEEDMARTINCOMMERCIALENGINESOLUTIONSNarrativeDetails">
        <link:definition>9954488 - Disclosure - ACQUISITION OF LOCKHEED MARTIN COMMERCIAL ENGINE SOLUTIONS - Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACQUISITIONOFLOCKHEEDMARTINCOMMERCIALENGINESOLUTIONSScheduleofRecognizedIdentifiedAssetsAcquiredandLiabilitiesAssumedDetails" roleURI="http://www.ftandi.com/role/ACQUISITIONOFLOCKHEEDMARTINCOMMERCIALENGINESOLUTIONSScheduleofRecognizedIdentifiedAssetsAcquiredandLiabilitiesAssumedDetails">
        <link:definition>9954489 - Disclosure - ACQUISITION OF LOCKHEED MARTIN COMMERCIAL ENGINE SOLUTIONS - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACQUISITIONOFLOCKHEEDMARTINCOMMERCIALENGINESOLUTIONSScheduleofPropertyPlantAndEquipmentAcquiredasPartofBusinessCombinationDetails" roleURI="http://www.ftandi.com/role/ACQUISITIONOFLOCKHEEDMARTINCOMMERCIALENGINESOLUTIONSScheduleofPropertyPlantAndEquipmentAcquiredasPartofBusinessCombinationDetails">
        <link:definition>9954490 - Disclosure - ACQUISITION OF LOCKHEED MARTIN COMMERCIAL ENGINE SOLUTIONS - Schedule of Property Plant And Equipment Acquired as Part of Business Combination (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACQUISITIONOFLOCKHEEDMARTINCOMMERCIALENGINESOLUTIONSProFormaInformationDetails" roleURI="http://www.ftandi.com/role/ACQUISITIONOFLOCKHEEDMARTINCOMMERCIALENGINESOLUTIONSProFormaInformationDetails">
        <link:definition>9954491 - Disclosure - ACQUISITION OF LOCKHEED MARTIN COMMERCIAL ENGINE SOLUTIONS - Pro Forma Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACQUISITIONOFQUICKTURNNarrativeDetails" roleURI="http://www.ftandi.com/role/ACQUISITIONOFQUICKTURNNarrativeDetails">
        <link:definition>9954492 - Disclosure - ACQUISITION OF QUICKTURN - Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACQUISITIONOFQUICKTURNScheduleofAssetsAcquiredandLiabilitiesAssumedDetails" roleURI="http://www.ftandi.com/role/ACQUISITIONOFQUICKTURNScheduleofAssetsAcquiredandLiabilitiesAssumedDetails">
        <link:definition>9954493 - Disclosure - ACQUISITION OF QUICKTURN - Schedule of Assets Acquired and Liabilities Assumed (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACQUISITIONOFQUICKTURNIntangibleAssetsAcquiredDetails" roleURI="http://www.ftandi.com/role/ACQUISITIONOFQUICKTURNIntangibleAssetsAcquiredDetails">
        <link:definition>9954494 - Disclosure - ACQUISITION OF QUICKTURN - Intangible Assets Acquired (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACQUISITIONOFQUICKTURNPropertyPlantandEquipmentAcquiredDetails" roleURI="http://www.ftandi.com/role/ACQUISITIONOFQUICKTURNPropertyPlantandEquipmentAcquiredDetails">
        <link:definition>9954495 - Disclosure - ACQUISITION OF QUICKTURN - Property, Plant, and Equipment Acquired (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="ACQUISITIONOFQUICKTURNProFormaInformationDetails" roleURI="http://www.ftandi.com/role/ACQUISITIONOFQUICKTURNProFormaInformationDetails">
        <link:definition>9954496 - Disclosure - ACQUISITION OF QUICKTURN - Pro Forma Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LEASINGEQUIPMENTNETScheduleofLessorOperatingLeasesDetails" roleURI="http://www.ftandi.com/role/LEASINGEQUIPMENTNETScheduleofLessorOperatingLeasesDetails">
        <link:definition>9954497 - Disclosure - LEASING EQUIPMENT, NET - Schedule of Lessor, Operating Leases (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LEASINGEQUIPMENTNETAdditionalDetailsDetails" roleURI="http://www.ftandi.com/role/LEASINGEQUIPMENTNETAdditionalDetailsDetails">
        <link:definition>9954498 - Disclosure - LEASING EQUIPMENT, NET - Additional Details (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LEASINGEQUIPMENTNETOperatingLeaseLeaseIncomeDetails" roleURI="http://www.ftandi.com/role/LEASINGEQUIPMENTNETOperatingLeaseLeaseIncomeDetails">
        <link:definition>9954499 - Disclosure - LEASING EQUIPMENT, NET - Operating Lease, Lease Income (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INVESTMENTSOwnershipCarryingValuesDetails" roleURI="http://www.ftandi.com/role/INVESTMENTSOwnershipCarryingValuesDetails">
        <link:definition>9954500 - Disclosure - INVESTMENTS - Ownership Carrying Values (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INVESTMENTSShareofEquityofIncomeLossDetails" roleURI="http://www.ftandi.com/role/INVESTMENTSShareofEquityofIncomeLossDetails">
        <link:definition>9954501 - Disclosure - INVESTMENTS - Share of Equity of Income (Loss) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INVESTMENTSNarrativeDetails" roleURI="http://www.ftandi.com/role/INVESTMENTSNarrativeDetails">
        <link:definition>9954502 - Disclosure - INVESTMENTS - Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INTANGIBLEASSETSANDLIABILITIESNETSummarizedIntangibleAssetsandLiabilitiesDetails" roleURI="http://www.ftandi.com/role/INTANGIBLEASSETSANDLIABILITIESNETSummarizedIntangibleAssetsandLiabilitiesDetails">
        <link:definition>9954503 - Disclosure - INTANGIBLE ASSETS AND LIABILITIES, NET - Summarized Intangible Assets and Liabilities (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INTANGIBLEASSETSANDLIABILITIESNETIntangibleLiabilitiesAmortizationDetails" roleURI="http://www.ftandi.com/role/INTANGIBLEASSETSANDLIABILITIESNETIntangibleLiabilitiesAmortizationDetails">
        <link:definition>9954504 - Disclosure - INTANGIBLE ASSETS AND LIABILITIES, NET - Intangible Liabilities Amortization (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INTANGIBLEASSETSANDLIABILITIESNETScheduleofFutureAmortizationExpenseDetails" roleURI="http://www.ftandi.com/role/INTANGIBLEASSETSANDLIABILITIESNETScheduleofFutureAmortizationExpenseDetails">
        <link:definition>9954505 - Disclosure - INTANGIBLE ASSETS AND LIABILITIES, NET - Schedule of Future Amortization Expense (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="DEBTNETScheduleofDebtDetails" roleURI="http://www.ftandi.com/role/DEBTNETScheduleofDebtDetails">
        <link:definition>9954506 - Disclosure - DEBT, NET - Schedule of Debt (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="DEBTNETNarrativeDetails" roleURI="http://www.ftandi.com/role/DEBTNETNarrativeDetails">
        <link:definition>9954507 - Disclosure - DEBT, NET - Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FAIRVALUEMEASUREMENTSFairValuebyBalanceSheetGroupingDetails" roleURI="http://www.ftandi.com/role/FAIRVALUEMEASUREMENTSFairValuebyBalanceSheetGroupingDetails">
        <link:definition>9954508 - Disclosure - FAIR VALUE MEASUREMENTS - Fair Value by Balance Sheet Grouping (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="FAIRVALUEMEASUREMENTSAdditionalInformationDetails" roleURI="http://www.ftandi.com/role/FAIRVALUEMEASUREMENTSAdditionalInformationDetails">
        <link:definition>9954509 - Disclosure - FAIR VALUE MEASUREMENTS - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EQUITYBASEDCOMPENSATIONNarrativeDetails" roleURI="http://www.ftandi.com/role/EQUITYBASEDCOMPENSATIONNarrativeDetails">
        <link:definition>9954510 - Disclosure - EQUITY-BASED COMPENSATION (Narrative) (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EQUITYBASEDCOMPENSATIONExpensesRelatedtoStockBasedCompensationExpenseDetails" roleURI="http://www.ftandi.com/role/EQUITYBASEDCOMPENSATIONExpensesRelatedtoStockBasedCompensationExpenseDetails">
        <link:definition>9954511 - Disclosure - EQUITY-BASED COMPENSATION - Expenses Related to Stock-Based Compensation Expense (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INCOMETAXESComponentsofIncomeTaxExpenseDetails" roleURI="http://www.ftandi.com/role/INCOMETAXESComponentsofIncomeTaxExpenseDetails">
        <link:definition>9954512 - Disclosure - INCOME TAXES - Components of Income Tax Expense (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="INCOMETAXESNarrativeDetails" roleURI="http://www.ftandi.com/role/INCOMETAXESNarrativeDetails">
        <link:definition>9954513 - Disclosure - INCOME TAXES - Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="AFFILIATETRANSACTIONSDetails" roleURI="http://www.ftandi.com/role/AFFILIATETRANSACTIONSDetails">
        <link:definition>9954514 - Disclosure - AFFILIATE TRANSACTIONS (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="AFFILIATETRANSACTIONSManagementfeesincentiveallocationandcapitalgainsDetails" roleURI="http://www.ftandi.com/role/AFFILIATETRANSACTIONSManagementfeesincentiveallocationandcapitalgainsDetails">
        <link:definition>9954515 - Disclosure - AFFILIATE TRANSACTIONS - Management fees, incentive allocation and capital gains (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="AFFILIATETRANSACTIONSReimbursementtoManagerDetails" roleURI="http://www.ftandi.com/role/AFFILIATETRANSACTIONSReimbursementtoManagerDetails">
        <link:definition>9954516 - Disclosure - AFFILIATE TRANSACTIONS - Reimbursement to Manager (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="AFFILIATETRANSACTIONSAmountsduetoManagerDetails" roleURI="http://www.ftandi.com/role/AFFILIATETRANSACTIONSAmountsduetoManagerDetails">
        <link:definition>9954517 - Disclosure - AFFILIATE TRANSACTIONS - Amounts due to Manager (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SEGMENTINFORMATIONNarrativeDetails" roleURI="http://www.ftandi.com/role/SEGMENTINFORMATIONNarrativeDetails">
        <link:definition>9954518 - Disclosure - SEGMENT INFORMATION - Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SEGMENTINFORMATIONStatementofIncomebySegmentDetails" roleURI="http://www.ftandi.com/role/SEGMENTINFORMATIONStatementofIncomebySegmentDetails">
        <link:definition>9954519 - Disclosure - SEGMENT INFORMATION - Statement of Income by Segment (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SEGMENTINFORMATIONReconciliationofAdjustedNetIncometoNetIncomeDetails" roleURI="http://www.ftandi.com/role/SEGMENTINFORMATIONReconciliationofAdjustedNetIncometoNetIncomeDetails">
        <link:definition>9954520 - Disclosure - SEGMENT INFORMATION - Reconciliation of Adjusted Net Income to Net Income (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SEGMENTINFORMATIONSummaryofGeographicSourcesofRevenueDetails" roleURI="http://www.ftandi.com/role/SEGMENTINFORMATIONSummaryofGeographicSourcesofRevenueDetails">
        <link:definition>9954521 - Disclosure - SEGMENT INFORMATION - Summary of Geographic Sources of Revenue (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SEGMENTINFORMATIONSummaryofContractedMinimumFutureAnnualRevenuesDetails" roleURI="http://www.ftandi.com/role/SEGMENTINFORMATIONSummaryofContractedMinimumFutureAnnualRevenuesDetails">
        <link:definition>9954522 - Disclosure - SEGMENT INFORMATION - Summary of Contracted Minimum Future Annual Revenues (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SEGMENTINFORMATIONLocationofLongLivedAssetsDetails" roleURI="http://www.ftandi.com/role/SEGMENTINFORMATIONLocationofLongLivedAssetsDetails">
        <link:definition>9954523 - Disclosure - SEGMENT INFORMATION - Location of Long-Lived Assets (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SEGMENTINFORMATIONSummaryofConcentrationRiskLongLivedAssetsDetails" roleURI="http://www.ftandi.com/role/SEGMENTINFORMATIONSummaryofConcentrationRiskLongLivedAssetsDetails">
        <link:definition>9954524 - Disclosure - SEGMENT INFORMATION - Summary of Concentration Risk, Long-Lived Assets (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EARNINGSPERSHAREANDEQUITYScheduleofEarningsPerShareDetails" roleURI="http://www.ftandi.com/role/EARNINGSPERSHAREANDEQUITYScheduleofEarningsPerShareDetails">
        <link:definition>9954525 - Disclosure - EARNINGS PER SHARE AND EQUITY - Schedule of Earnings Per Share (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="EARNINGSPERSHAREANDEQUITYNarrativeDetails" roleURI="http://www.ftandi.com/role/EARNINGSPERSHAREANDEQUITYNarrativeDetails">
        <link:definition>9954526 - Disclosure - EARNINGS PER SHARE AND EQUITY - Narrative (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="COMMITMENTSANDCONTINGENCIESAdditionalInformationDetails" roleURI="http://www.ftandi.com/role/COMMITMENTSANDCONTINGENCIESAdditionalInformationDetails">
        <link:definition>9954527 - Disclosure - COMMITMENTS AND CONTINGENCIES - Additional Information (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="RESTRUCTURINGCHARGESDetails" roleURI="http://www.ftandi.com/role/RESTRUCTURINGCHARGESDetails">
        <link:definition>9954528 - Disclosure - RESTRUCTURING CHARGES (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="SUBSEQUENTEVENTSDetails" roleURI="http://www.ftandi.com/role/SUBSEQUENTEVENTSDetails">
        <link:definition>9954529 - Disclosure - SUBSEQUENT EVENTS (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xs:appinfo>
  </xs:annotation>
  <xs:element id="ftai_A8.25FixedtoFloatingRateSeriesACumulativePerpetualRedeemableMember" abstract="true" name="A8.25FixedtoFloatingRateSeriesACumulativePerpetualRedeemableMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_A800FixedToFloatingRateSeriesBCumulativePerpetualRedeemablePreferredSharesMember" abstract="true" name="A800FixedToFloatingRateSeriesBCumulativePerpetualRedeemablePreferredSharesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_A825FixedRateResetSeriesCCumulativePerpetualRedeemablePreferredSharesMember" abstract="true" name="A825FixedRateResetSeriesCCumulativePerpetualRedeemablePreferredSharesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_A950FixedRateResetSeriesDCumulativePerpetualRedeemablePreferredSharesMember" abstract="true" name="A950FixedRateResetSeriesDCumulativePerpetualRedeemablePreferredSharesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_PropertyPlantAndEquipmentLeasingEquipment" abstract="false" name="PropertyPlantAndEquipmentLeasingEquipment" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_PropertyPlantAndEquipmentExcludingLeasingEquipmentNet" abstract="false" name="PropertyPlantAndEquipmentExcludingLeasingEquipmentNet" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_MaintenanceDepositLiability" abstract="false" name="MaintenanceDepositLiability" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_EquipmentLeasingRevenuesMember" abstract="true" name="EquipmentLeasingRevenuesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_AerospaceProductsRevenueMember" abstract="true" name="AerospaceProductsRevenueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_InternalizationFeeToAffiliate" abstract="false" name="InternalizationFeeToAffiliate" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_WeightedAverageSharesOutstandingAbstract" abstract="true" name="WeightedAverageSharesOutstandingAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="ftai_SecurityDepositsAndMaintenanceClaims" abstract="false" name="SecurityDepositsAndMaintenanceClaims" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_FairValueAdjustmentOfGuarantees" abstract="false" name="FairValueAdjustmentOfGuarantees" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_AmortizationofLeaseIntangiblesandIncentives" abstract="false" name="AmortizationofLeaseIntangiblesandIncentives" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_AcquisitionofLeaseIntangiblesNet" abstract="false" name="AcquisitionofLeaseIntangiblesNet" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_PaymentsforDepositsonLeasingEquipment" abstract="false" name="PaymentsforDepositsonLeasingEquipment" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_ProceedsFromDepositOnSaleOfAircraftAndEngine" abstract="false" name="ProceedsFromDepositOnSaleOfAircraftAndEngine" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_ProceedsFromDepositsOnSaleOfMachineryAndEquipment" abstract="false" name="ProceedsFromDepositsOnSaleOfMachineryAndEquipment" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_IncreaseinSecurityDeposits" abstract="false" name="IncreaseinSecurityDeposits" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_DecreaseinSecurityDeposits" abstract="false" name="DecreaseinSecurityDeposits" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_IncreaseinMaintenanceDeposits" abstract="false" name="IncreaseinMaintenanceDeposits" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_DecreaseinMaintenanceDeposits" abstract="false" name="DecreaseinMaintenanceDeposits" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired" abstract="false" name="NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_PurchaseDepositsReclassifiedToLeasingEquipment" abstract="false" name="PurchaseDepositsReclassifiedToLeasingEquipment" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed" abstract="false" name="NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_NoncashOrPartNoncashAcquisitionMaintenanceDepositsBilledAndAssumed" abstract="false" name="NoncashOrPartNoncashAcquisitionMaintenanceDepositsBilledAndAssumed" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_IntangibleAssetsandLiabilitiesDisclosureAbstract" abstract="true" name="IntangibleAssetsandLiabilitiesDisclosureAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="ftai_IntangibleAssetsandLiabilitiesDisclosureTextBlock" abstract="false" name="IntangibleAssetsandLiabilitiesDisclosureTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="ftai_RisksandUncertaintiesPolicyTextBlock" abstract="false" name="RisksandUncertaintiesPolicyTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="ftai_AssetsHeldForSalePolicyTextBlock" abstract="false" name="AssetsHeldForSalePolicyTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="ftai_CashFlowsPresentationPolicyPolicyTextBlock" abstract="false" name="CashFlowsPresentationPolicyPolicyTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="ftai_ScheduleOfPropertyPlantAndEquipmentAcquiredAsPartOfBusinessCombinationTableTextBlock" abstract="false" name="ScheduleOfPropertyPlantAndEquipmentAcquiredAsPartOfBusinessCombinationTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="ftai_LessorOperatingLeaseCarryingValueofAssetsSubjecttoLeasesTableTextBlock" abstract="false" name="LessorOperatingLeaseCarryingValueofAssetsSubjecttoLeasesTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="ftai_ScheduleofIntangibleAssetsandLiabilitiesTableTextBlockTableTextBlock" abstract="false" name="ScheduleofIntangibleAssetsandLiabilitiesTableTextBlockTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:textBlockItemType"/>
  <xs:element id="ftai_InternalizationAgreementCashConsideration" abstract="false" name="InternalizationAgreementCashConsideration" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_InternalizationAgreementShareConsideration" abstract="false" name="InternalizationAgreementShareConsideration" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="ftai_PaymentToPurchasePartnershipInterestInternalizationAgreement" abstract="false" name="PaymentToPurchasePartnershipInterestInternalizationAgreement" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_TransitionServicesAgreementServiceFeeMarkupPercent" abstract="false" name="TransitionServicesAgreementServiceFeeMarkupPercent" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ftai_TerminationThresholdMaximumNumberOfDaysOfMaterialBreachWithoutACure" abstract="false" name="TerminationThresholdMaximumNumberOfDaysOfMaterialBreachWithoutACure" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="ftai_TerminationThresholdMaximumNumberOfDaysOfOutstandingPayment" abstract="false" name="TerminationThresholdMaximumNumberOfDaysOfOutstandingPayment" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="ftai_AccountingPoliciesTable" abstract="true" name="AccountingPoliciesTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="ftai_AerospaceProductsMember" abstract="true" name="AerospaceProductsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_AviationLeasingMember" abstract="true" name="AviationLeasingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_AccountingPoliciesLineItems" abstract="true" name="AccountingPoliciesLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="ftai_OtherAssetsLeaseIncentives" abstract="false" name="OtherAssetsLeaseIncentives" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_LeasingEquipmentPurchaseDeposits" abstract="false" name="LeasingEquipmentPurchaseDeposits" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_OtherAssetsFinanceLeasesNet" abstract="false" name="OtherAssetsFinanceLeasesNet" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_MaintenanceRightAssets" abstract="false" name="MaintenanceRightAssets" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_NumberOfVesselsCommittedToSell" abstract="false" name="NumberOfVesselsCommittedToSell" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="ftai_CostOfModulesAndPartsSoldFromEnginesLeasingEquipment" abstract="false" name="CostOfModulesAndPartsSoldFromEnginesLeasingEquipment" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_TransfersFromLeasingEquipment" abstract="false" name="TransfersFromLeasingEquipment" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_TransfersToLeasingEquipment" abstract="false" name="TransfersToLeasingEquipment" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_NetCashUsedInOperatingActivitiesRelatedToManufacturingModulesAndParts" abstract="false" name="NetCashUsedInOperatingActivitiesRelatedToManufacturingModulesAndParts" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_NetCashProvidedByOperatingActivitiesRelatedAssetsSoldSourcedFromLeasingEquipment" abstract="false" name="NetCashProvidedByOperatingActivitiesRelatedAssetsSoldSourcedFromLeasingEquipment" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_CashReceivedForSaleOfEnginesRebuiltWithItemsFromInventoryInflowFromInvestingActivities" abstract="false" name="CashReceivedForSaleOfEnginesRebuiltWithItemsFromInventoryInflowFromInvestingActivities" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_LockheedMartinCommercialEngineSolutionsMember" abstract="true" name="LockheedMartinCommercialEngineSolutionsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_SizeOfAircraftEngineMaintenanceRepairFacility" abstract="false" name="SizeOfAircraftEngineMaintenanceRepairFacility" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:areaItemType"/>
  <xs:element id="ftai_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipmentExcludingLeasedEquipmentNet" abstract="false" name="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipmentExcludingLeasedEquipmentNet" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOffMarketLeaseFavorable" abstract="false" name="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOffMarketLeaseFavorable" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_QuickTurnEngineLLCMember" abstract="true" name="QuickTurnEngineLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedRestrictedCash" abstract="false" name="BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedRestrictedCash" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_LeasingEquipmentMember" abstract="true" name="LeasingEquipmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_PropertyPlantAndEquipmentLeasingEquipmentGross" abstract="false" name="PropertyPlantAndEquipmentLeasingEquipmentGross" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentLeasingEquipment" abstract="false" name="AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentLeasingEquipment" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_AdvancedEngineRepairJVMember" abstract="true" name="AdvancedEngineRepairJVMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_FalconMSN177LLCMember" abstract="true" name="FalconMSN177LLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_QuickTurnEngineCenterLLCMember" abstract="true" name="QuickTurnEngineCenterLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_EquityMethodInvestmentContributionAmount" abstract="false" name="EquityMethodInvestmentContributionAmount" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_AssetAcquisitionPercentageOfInterestAcquired" abstract="false" name="AssetAcquisitionPercentageOfInterestAcquired" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:pureItemType"/>
  <xs:element id="ftai_EquityMethodInvestmentProRataDistributionOfIncomePercentage" abstract="false" name="EquityMethodInvestmentProRataDistributionOfIncomePercentage" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ftai_DepreciationandAmortizationMember" abstract="true" name="DepreciationandAmortizationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_AmortizationofLeaseIntangibleAssetsandLiabilitiesNet" abstract="false" name="AmortizationofLeaseIntangibleAssetsandLiabilitiesNet" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_AmortizationofIntangibleAssetsandLiabilitiesNet" abstract="false" name="AmortizationofIntangibleAssetsandLiabilitiesNet" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour" abstract="false" name="FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_AdjustedTermSOFRRateMember" abstract="true" name="AdjustedTermSOFRRateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_SeniorNotesDue2025Member" abstract="true" name="SeniorNotesDue2025Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_SeniorNotesDue2027Member" abstract="true" name="SeniorNotesDue2027Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_SeniorNotesDue2028Member" abstract="true" name="SeniorNotesDue2028Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_SeniorNotesDue2030Member" abstract="true" name="SeniorNotesDue2030Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_SeniorNotesDue2031Member" abstract="true" name="SeniorNotesDue2031Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_SeniorNotesDue2032Member" abstract="true" name="SeniorNotesDue2032Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_LongTermDebtGrossOfDebtIssuanceCosts" abstract="false" name="LongTermDebtGrossOfDebtIssuanceCosts" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_NumberOfAirCraftsSold" abstract="false" name="NumberOfAirCraftsSold" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="ftai_IncentivePlanMember" abstract="true" name="IncentivePlanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_FormerManagerMember" abstract="true" name="FormerManagerMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_SubsidiaryEmployeesMember" abstract="true" name="SubsidiaryEmployeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsTransferredInPeriod" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsTransferredInPeriod" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:sharesItemType"/>
  <xs:element id="ftai_SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsSharesIssuedGrantDateFairValue" abstract="false" name="SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsSharesIssuedGrantDateFairValue" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodFairValue" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodFairValue" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_IncomeIncentiveAllocationThresholdAxis" abstract="true" name="IncomeIncentiveAllocationThresholdAxis" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType"/>
  <xs:element id="ftai_IncomeIncentiveAllocationThresholdDomain" abstract="true" name="IncomeIncentiveAllocationThresholdDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_Threshold1Member" abstract="true" name="Threshold1Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_Threshold2Member" abstract="true" name="Threshold2Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_Threshold3Member" abstract="true" name="Threshold3Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_IncomeIncentiveAllocationMember" abstract="true" name="IncomeIncentiveAllocationMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_OwnershipPercentagebyManager" abstract="false" name="OwnershipPercentagebyManager" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="ftai_RelatedPartyTransactionManagementFeePercentFee" abstract="false" name="RelatedPartyTransactionManagementFeePercentFee" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="ftai_RelatedPartyTransactionIncomeIncentiveAllocationPercentofPreincentiveAllocationNetIncome" abstract="false" name="RelatedPartyTransactionIncomeIncentiveAllocationPercentofPreincentiveAllocationNetIncome" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="ftai_RelatedPartyTransactionIncomeIncentiveAllocationQuarterlyPercentThresholdofPreIncentiveAllocationNetIncome" abstract="false" name="RelatedPartyTransactionIncomeIncentiveAllocationQuarterlyPercentThresholdofPreIncentiveAllocationNetIncome" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="ftai_RelatedPartyTransactionIncomeIncentiveAllocationAnnualPercentThresholdofPreIncentiveAllocationNetIncome" abstract="false" name="RelatedPartyTransactionIncomeIncentiveAllocationAnnualPercentThresholdofPreIncentiveAllocationNetIncome" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="ftai_IncentiveDistributionPercentage" abstract="false" name="IncentiveDistributionPercentage" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="ftai_CumulativePreferredReturnPercentage" abstract="false" name="CumulativePreferredReturnPercentage" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:percentItemType"/>
  <xs:element id="ftai_ManagementFeesMember" abstract="true" name="ManagementFeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_AccruedManagementFeesMember" abstract="true" name="AccruedManagementFeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_OtherPayablesMember" abstract="true" name="OtherPayablesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_EquipmentLeasingMember" abstract="true" name="EquipmentLeasingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types1:domainItemType"/>
  <xs:element id="ftai_AdjustedNetIncomeLoss" abstract="false" name="AdjustedNetIncomeLoss" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest" abstract="false" name="AdjustedNetIncomeLossAttributabletoNonControllingInterest" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_IncomeLossfromEquityMethodInvestmentsProRataShare" abstract="false" name="IncomeLossfromEquityMethodInvestmentsProRataShare" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_InterestExpenseAndDividendsOnPreferredShares" abstract="false" name="InterestExpenseAndDividendsOnPreferredShares" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_IncentiveIncomeAllocated" abstract="false" name="IncentiveIncomeAllocated" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_GainsLossesonExtinguishmentorRestructuringofDebt" abstract="false" name="GainsLossesonExtinguishmentorRestructuringofDebt" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_LessorOperatingLeasePaymentToBeReceivedAfterYearFour" abstract="false" name="LessorOperatingLeasePaymentToBeReceivedAfterYearFour" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_GuarantorObligationsLeaseTerm" abstract="false" name="GuarantorObligationsLeaseTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="ftai_InternalizationAgreementTotalConsideration" abstract="false" name="InternalizationAgreementTotalConsideration" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_InternalizationAgreementShareConsiderationValue" abstract="false" name="InternalizationAgreementShareConsiderationValue" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_SeniorNotesDue2033Member" abstract="true" name="SeniorNotesDue2033Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_PreferredStockAccumulatedAndUnpaidDistributions" abstract="false" name="PreferredStockAccumulatedAndUnpaidDistributions" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
</xs:schema>
