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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_1C3DB55F7A7AA5E76CEBA899ADEE850C_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_1C3DB55F7A7AA5E76CEBA899ADEE850C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: vested (in shares)</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_1C3DB55F7A7AA5E76CEBA899ADEE850C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_1C3DB55F7A7AA5E76CEBA899ADEE850C" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_1C3DB55F7A7AA5E76CEBA899ADEE850C" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_7E6D94FF19CCF8654CBDA899ADEE2E15_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_7E6D94FF19CCF8654CBDA899ADEE2E15" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: forfeited and canceled (in shares)</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_7E6D94FF19CCF8654CBDA899ADEE2E15" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_7E6D94FF19CCF8654CBDA899ADEE2E15" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_7E6D94FF19CCF8654CBDA899ADEE2E15" xlink:type="arc" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_77A1AF2549F595EB36A7A899ADEE74EA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_77A1AF2549F595EB36A7A899ADEE74EA" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_77A1AF2549F595EB36A7A899ADEE74EA" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_52E3F523254D1F942D0CA899ADEE1BEC_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_52E3F523254D1F942D0CA899ADEE1BEC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_52E3F523254D1F942D0CA899ADEE1BEC_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_52E3F523254D1F942D0CA899ADEE1BEC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_52E3F523254D1F942D0CA899ADEE1BEC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_52E3F523254D1F942D0CA899ADEE1BEC" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward_52E3F523254D1F942D0CA899ADEE1BEC" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_E55EE81304CF8389763AA899ADEE64EE_periodStartLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_E55EE81304CF8389763AA899ADEE64EE" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning, weighted average exercise price (USD per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_E55EE81304CF8389763AA899ADEE64EE_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_E55EE81304CF8389763AA899ADEE64EE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_E55EE81304CF8389763AA899ADEE64EE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_E55EE81304CF8389763AA899ADEE64EE" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_E55EE81304CF8389763AA899ADEE64EE" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_DB67A3CEFA9339F1E6A9A899ADEE3736_verboseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_DB67A3CEFA9339F1E6A9A899ADEE3736" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Granted (USD per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_DB67A3CEFA9339F1E6A9A899ADEE3736_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_DB67A3CEFA9339F1E6A9A899ADEE3736" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_DB67A3CEFA9339F1E6A9A899ADEE3736" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_DB67A3CEFA9339F1E6A9A899ADEE3736" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_DB67A3CEFA9339F1E6A9A899ADEE3736" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_6618A17DCA164544BDFFA899ADEF0FF5_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_6618A17DCA164544BDFFA899ADEF0FF5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: vested (USD per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_6618A17DCA164544BDFFA899ADEF0FF5_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_6618A17DCA164544BDFFA899ADEF0FF5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_6618A17DCA164544BDFFA899ADEF0FF5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_6618A17DCA164544BDFFA899ADEF0FF5" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_6618A17DCA164544BDFFA899ADEF0FF5" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_CD6F6840B13306C522E7A899ADEF331E_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_CD6F6840B13306C522E7A899ADEF331E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: forfeited and canceled (USD per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_CD6F6840B13306C522E7A899ADEF331E_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_CD6F6840B13306C522E7A899ADEF331E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_CD6F6840B13306C522E7A899ADEF331E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_CD6F6840B13306C522E7A899ADEF331E" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue_CD6F6840B13306C522E7A899ADEF331E" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_979859C2467F428963B7A899ADEF92E8_periodEndLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_979859C2467F428963B7A899ADEF92E8" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending, weighted average exercise price (USD per share)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_979859C2467F428963B7A899ADEF92E8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_979859C2467F428963B7A899ADEF92E8" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_979859C2467F428963B7A899ADEF92E8" xlink:type="arc" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding_FD2144797AC2E164EFE5A899ADEFE63E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AccountsPayableRelatedPartiesCurrentAndNoncurrent_A09AFD59722E94483453AA12A9D0BE1D_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsPayableRelatedPartiesCurrentAndNoncurrent_A09AFD59722E94483453AA12A9D0BE1D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amounts payable to vendor</link:label>
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    <link:label id="lab_us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners_799AC2CEC78696479D01AA12A9D0DD37_verboseLabel_en-US" xlink:label="lab_us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners_799AC2CEC78696479D01AA12A9D0DD37" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interest ownership percentage</link:label>
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    <link:label id="lab_us-gaap_DebtDisclosureTextBlock_E45BC4D6DBD72816F7AA807A85D332AF_terseLabel_en-US" xlink:label="lab_us-gaap_DebtDisclosureTextBlock_E45BC4D6DBD72816F7AA807A85D332AF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">DEBT, NET</link:label>
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    <link:label id="lab_us-gaap_StatementOfCashFlowsAbstract_5A09A9637C76BD3FBEEDA90E59DBD311_label_en-US" xlink:label="lab_us-gaap_StatementOfCashFlowsAbstract_5A09A9637C76BD3FBEEDA90E59DBD311" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Cash Flows [Abstract]</link:label>
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    <link:label id="lab_ftai_ProceedsfromForfeitedSecurityDeposits_3B59AD0147D8860BE491A90E59DCBDC2_negatedLabel_en-US" xlink:label="lab_ftai_ProceedsfromForfeitedSecurityDeposits_3B59AD0147D8860BE491A90E59DCBDC2" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Security deposits and maintenance claims included in earnings</link:label>
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    <link:label id="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_D6928EE25B3C49AB911DA90E59DE7A47_totalLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_D6928EE25B3C49AB911DA90E59DE7A47" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net decrease in cash and cash equivalents</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_D6928EE25B3C49AB911DA90E59DE7A47" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_F4B691A89EBC4C16EDDFA90E59DF5354_periodStartLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_F4B691A89EBC4C16EDDFA90E59DF5354" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents, beginning of period</link:label>
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_F4B691A89EBC4C16EDDFA90E59DF5354_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_F4B691A89EBC4C16EDDFA90E59DF5354" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents, at Carrying Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_F4B691A89EBC4C16EDDFA90E59DF5354" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_F4B691A89EBC4C16EDDFA90E59DF5354" xlink:to="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_F4B691A89EBC4C16EDDFA90E59DF5354" xlink:type="arc" />
    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_C6124164F2259389836AA90E59DFEEBA_periodEndLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_C6124164F2259389836AA90E59DFEEBA" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents, end of period</link:label>
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    <link:label id="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_97D9B0F7FBD3A5ED97DBA90E59DF39CF_terseLabel_en-US" xlink:label="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_97D9B0F7FBD3A5ED97DBA90E59DF39CF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Supplemental disclosure of non-cash investing and financing activities:</link:label>
    <link:label id="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_97D9B0F7FBD3A5ED97DBA90E59DF39CF_label_en-US" xlink:label="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_97D9B0F7FBD3A5ED97DBA90E59DF39CF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:label="loc_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_97D9B0F7FBD3A5ED97DBA90E59DF39CF" xlink:type="locator" />
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    <link:label id="lab_ftai_NoncashorPartNoncashRestrictedCashProceedsfromBorrowings_C8904BA593FAD12DC3B9A90E59DFD5FD_terseLabel_en-US" xlink:label="lab_ftai_NoncashorPartNoncashRestrictedCashProceedsfromBorrowings_C8904BA593FAD12DC3B9A90E59DFD5FD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash proceeds from borrowings of debt</link:label>
    <link:label id="lab_ftai_NoncashorPartNoncashRestrictedCashProceedsfromBorrowings_C8904BA593FAD12DC3B9A90E59DFD5FD_label_en-US" xlink:label="lab_ftai_NoncashorPartNoncashRestrictedCashProceedsfromBorrowings_C8904BA593FAD12DC3B9A90E59DFD5FD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Restricted Cash Proceeds from Borrowings</link:label>
    <link:label id="lab_ftai_NoncashorPartNoncashRestrictedCashProceedsfromBorrowings_C8904BA593FAD12DC3B9A90E59DFD5FD_documentation_en-US" xlink:label="lab_ftai_NoncashorPartNoncashRestrictedCashProceedsfromBorrowings_C8904BA593FAD12DC3B9A90E59DFD5FD" 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-20170630.xsd#ftai_NoncashorPartNoncashRestrictedCashProceedsfromBorrowings" xlink:label="loc_ftai_NoncashorPartNoncashRestrictedCashProceedsfromBorrowings_C8904BA593FAD12DC3B9A90E59DFD5FD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_NoncashorPartNoncashRestrictedCashProceedsfromBorrowings_C8904BA593FAD12DC3B9A90E59DFD5FD" xlink:to="lab_ftai_NoncashorPartNoncashRestrictedCashProceedsfromBorrowings_C8904BA593FAD12DC3B9A90E59DFD5FD" xlink:type="arc" />
    <link:label id="lab_ftai_NoncashorPartNoncashProceedsfromBorrowingsofDebt_BFFB7AB15BDDB0B59679A90E59DF9697_terseLabel_en-US" xlink:label="lab_ftai_NoncashorPartNoncashProceedsfromBorrowingsofDebt_BFFB7AB15BDDB0B59679A90E59DF9697" 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_BFFB7AB15BDDB0B59679A90E59DF9697_label_en-US" xlink:label="lab_ftai_NoncashorPartNoncashProceedsfromBorrowingsofDebt_BFFB7AB15BDDB0B59679A90E59DF9697" 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_BFFB7AB15BDDB0B59679A90E59DF9697_documentation_en-US" xlink:label="lab_ftai_NoncashorPartNoncashProceedsfromBorrowingsofDebt_BFFB7AB15BDDB0B59679A90E59DF9697" 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-20170630.xsd#ftai_NoncashorPartNoncashProceedsfromBorrowingsofDebt" xlink:label="loc_ftai_NoncashorPartNoncashProceedsfromBorrowingsofDebt_BFFB7AB15BDDB0B59679A90E59DF9697" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_NoncashorPartNoncashProceedsfromBorrowingsofDebt_BFFB7AB15BDDB0B59679A90E59DF9697" xlink:to="lab_ftai_NoncashorPartNoncashProceedsfromBorrowingsofDebt_BFFB7AB15BDDB0B59679A90E59DF9697" xlink:type="arc" />
    <link:label id="lab_ftai_NoncashorPartNoncashRepaymentofDebt_A13C027623A7C6DFB8F3A90E59DF2F8D_negatedTerseLabel_en-US" xlink:label="lab_ftai_NoncashorPartNoncashRepaymentofDebt_A13C027623A7C6DFB8F3A90E59DF2F8D" 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_A13C027623A7C6DFB8F3A90E59DF2F8D_label_en-US" xlink:label="lab_ftai_NoncashorPartNoncashRepaymentofDebt_A13C027623A7C6DFB8F3A90E59DF2F8D" 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_A13C027623A7C6DFB8F3A90E59DF2F8D_documentation_en-US" xlink:label="lab_ftai_NoncashorPartNoncashRepaymentofDebt_A13C027623A7C6DFB8F3A90E59DF2F8D" 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-20170630.xsd#ftai_NoncashorPartNoncashRepaymentofDebt" xlink:label="loc_ftai_NoncashorPartNoncashRepaymentofDebt_A13C027623A7C6DFB8F3A90E59DF2F8D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_NoncashorPartNoncashRepaymentofDebt_A13C027623A7C6DFB8F3A90E59DF2F8D" xlink:to="lab_ftai_NoncashorPartNoncashRepaymentofDebt_A13C027623A7C6DFB8F3A90E59DF2F8D" xlink:type="arc" />
    <link:label id="lab_ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired_745D155EAB17FB2BA6D7A90E59DFFCB6_negatedTerseLabel_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired_745D155EAB17FB2BA6D7A90E59DFFCB6" 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_745D155EAB17FB2BA6D7A90E59DFFCB6_label_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired_745D155EAB17FB2BA6D7A90E59DFFCB6" 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_745D155EAB17FB2BA6D7A90E59DFFCB6_documentation_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired_745D155EAB17FB2BA6D7A90E59DFFCB6" 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-20170630.xsd#ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired" xlink:label="loc_ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired_745D155EAB17FB2BA6D7A90E59DFFCB6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired_745D155EAB17FB2BA6D7A90E59DFFCB6" xlink:to="lab_ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired_745D155EAB17FB2BA6D7A90E59DFFCB6" xlink:type="arc" />
    <link:label id="lab_us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_EA6919BEC6304C33AA3EA90E59DF380B_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_EA6919BEC6304C33AA3EA90E59DF380B" 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_EA6919BEC6304C33AA3EA90E59DF380B_label_en-US" xlink:label="lab_us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_EA6919BEC6304C33AA3EA90E59DF380B" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1" xlink:label="loc_us-gaap_NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1_EA6919BEC6304C33AA3EA90E59DF380B" xlink:type="locator" />
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    <link:label id="lab_ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed_C6676F2001FC19FBEF3FA90E59DFCD7B_terseLabel_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed_C6676F2001FC19FBEF3FA90E59DFCD7B" 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_C6676F2001FC19FBEF3FA90E59DFCD7B_label_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed_C6676F2001FC19FBEF3FA90E59DFCD7B" 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_C6676F2001FC19FBEF3FA90E59DFCD7B_documentation_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed_C6676F2001FC19FBEF3FA90E59DFCD7B" 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-20170630.xsd#ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed" xlink:label="loc_ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed_C6676F2001FC19FBEF3FA90E59DFCD7B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed_C6676F2001FC19FBEF3FA90E59DFCD7B" xlink:to="lab_ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed_C6676F2001FC19FBEF3FA90E59DFCD7B" xlink:type="arc" />
    <link:label id="lab_ftai_NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed_CAB17EB0E02D1C73FEC1A90E59DFD5B1_terseLabel_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed_CAB17EB0E02D1C73FEC1A90E59DFD5B1" 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_CAB17EB0E02D1C73FEC1A90E59DFD5B1_label_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed_CAB17EB0E02D1C73FEC1A90E59DFD5B1" 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_CAB17EB0E02D1C73FEC1A90E59DFD5B1_documentation_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed_CAB17EB0E02D1C73FEC1A90E59DFD5B1" 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-20170630.xsd#ftai_NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed" xlink:label="loc_ftai_NoncashorPartNoncashAcquisitionMaintenanceDepositsBilledandAssumed_CAB17EB0E02D1C73FEC1A90E59DFD5B1" xlink:type="locator" />
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    <link:label id="lab_ftai_DeferredFinancingCostsNonCash_65EE248A96B1FA1186B7A90E59DFB478_negatedTerseLabel_en-US" xlink:label="lab_ftai_DeferredFinancingCostsNonCash_65EE248A96B1FA1186B7A90E59DFB478" 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_65EE248A96B1FA1186B7A90E59DFB478_label_en-US" xlink:label="lab_ftai_DeferredFinancingCostsNonCash_65EE248A96B1FA1186B7A90E59DFB478" 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_65EE248A96B1FA1186B7A90E59DFB478_documentation_en-US" xlink:label="lab_ftai_DeferredFinancingCostsNonCash_65EE248A96B1FA1186B7A90E59DFB478" 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-20170630.xsd#ftai_DeferredFinancingCostsNonCash" xlink:label="loc_ftai_DeferredFinancingCostsNonCash_65EE248A96B1FA1186B7A90E59DFB478" xlink:type="locator" />
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    <link:label id="lab_ftai_DebtInstrumentCallableDebt_2ADB41C0C3BBB4D9AC73A9E602C5DF98_terseLabel_en-US" xlink:label="lab_ftai_DebtInstrumentCallableDebt_2ADB41C0C3BBB4D9AC73A9E602C5DF98" 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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedTenderedBonds_0EC8F4989AAEE68F735FA9E602C6F585_verboseLabel_en-US" xlink:label="lab_ftai_BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedTenderedBonds_0EC8F4989AAEE68F735FA9E602C6F585" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Tendered bonds</link:label>
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    <link:label id="lab_ftai_DebtInstrumentCovenantServiceCoverageRatio_CC25151EEF36D31E8198A9E602C65DEB_terseLabel_en-US" xlink:label="lab_ftai_DebtInstrumentCovenantServiceCoverageRatio_CC25151EEF36D31E8198A9E602C65DEB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Service coverage ratio</link:label>
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    <link:loc xlink:href="ftai-20170630.xsd#ftai_DebtInstrumentCovenantServiceCoverageRatio" xlink:label="loc_ftai_DebtInstrumentCovenantServiceCoverageRatio_CC25151EEF36D31E8198A9E602C65DEB" xlink:type="locator" />
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    <link:label id="lab_us-gaap_BuildingAndBuildingImprovementsMember_DA7A736D371760B3F884807A868A5FC0_verboseLabel_en-US" xlink:label="lab_us-gaap_BuildingAndBuildingImprovementsMember_DA7A736D371760B3F884807A868A5FC0" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Buildings and improvements</link:label>
    <link:label id="lab_us-gaap_BuildingAndBuildingImprovementsMember_DA7A736D371760B3F884807A868A5FC0_label_en-US" xlink:label="lab_us-gaap_BuildingAndBuildingImprovementsMember_DA7A736D371760B3F884807A868A5FC0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Building and Building Improvements [Member]</link:label>
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    <link:label id="lab_us-gaap_EnergyEquipmentMember_BE367DAAC6E2C55D870B807A868AC232_terseLabel_en-US" xlink:label="lab_us-gaap_EnergyEquipmentMember_BE367DAAC6E2C55D870B807A868AC232" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Terminal machinery and equipment</link:label>
    <link:label id="lab_us-gaap_EnergyEquipmentMember_BE367DAAC6E2C55D870B807A868AC232_label_en-US" xlink:label="lab_us-gaap_EnergyEquipmentMember_BE367DAAC6E2C55D870B807A868AC232" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Energy Equipment [Member]</link:label>
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    <link:label id="lab_ftai_RailroadTrackandRelatedAssetsMember_F1D34A5700B46C6AD920807A868ACDAA_terseLabel_en-US" xlink:label="lab_ftai_RailroadTrackandRelatedAssetsMember_F1D34A5700B46C6AD920807A868ACDAA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Track and track related assets</link:label>
    <link:label id="lab_ftai_RailroadTrackandRelatedAssetsMember_F1D34A5700B46C6AD920807A868ACDAA_label_en-US" xlink:label="lab_ftai_RailroadTrackandRelatedAssetsMember_F1D34A5700B46C6AD920807A868ACDAA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Railroad Track and Related Assets [Member]</link:label>
    <link:label id="lab_ftai_RailroadTrackandRelatedAssetsMember_F1D34A5700B46C6AD920807A868ACDAA_documentation_en-US" xlink:label="lab_ftai_RailroadTrackandRelatedAssetsMember_F1D34A5700B46C6AD920807A868ACDAA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Railroad Track and Related Assets [Member]</link:label>
    <link:loc xlink:href="ftai-20170630.xsd#ftai_RailroadTrackandRelatedAssetsMember" xlink:label="loc_ftai_RailroadTrackandRelatedAssetsMember_F1D34A5700B46C6AD920807A868ACDAA" xlink:type="locator" />
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    <link:loc xlink:href="ftai-20170630.xsd#ftai_RailcarsandLocomotivesMember" xlink:label="loc_ftai_RailcarsandLocomotivesMember_33577E45E262756F806B807A868FD668" xlink:type="locator" />
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    <link:label id="lab_ftai_ComputerHardwareandSoftwareMember_305195BFB8683EA34FF7807A868F00D0_terseLabel_en-US" xlink:label="lab_ftai_ComputerHardwareandSoftwareMember_305195BFB8683EA34FF7807A868F00D0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Computer hardware and software</link:label>
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    <link:label id="lab_ftai_ComputerHardwareandSoftwareMember_305195BFB8683EA34FF7807A868F00D0_documentation_en-US" xlink:label="lab_ftai_ComputerHardwareandSoftwareMember_305195BFB8683EA34FF7807A868F00D0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Computer Hardware and Software [Member]</link:label>
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    <link:label id="lab_us-gaap_FurnitureAndFixturesMember_5E86650332F16C637BC1807A868F6F3E_terseLabel_en-US" xlink:label="lab_us-gaap_FurnitureAndFixturesMember_5E86650332F16C637BC1807A868F6F3E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Furniture and fixtures</link:label>
    <link:label id="lab_us-gaap_FurnitureAndFixturesMember_5E86650332F16C637BC1807A868F6F3E_label_en-US" xlink:label="lab_us-gaap_FurnitureAndFixturesMember_5E86650332F16C637BC1807A868F6F3E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Furniture and Fixtures [Member]</link:label>
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    <link:label id="lab_us-gaap_VehiclesMember_022079C74A51DFE2D7C0807A86903ED2_terseLabel_en-US" xlink:label="lab_us-gaap_VehiclesMember_022079C74A51DFE2D7C0807A86903ED2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vehicles</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PublicUtilitiesInventoryReplacementPartsMember" xlink:label="loc_us-gaap_PublicUtilitiesInventoryReplacementPartsMember_6510540F5F70E6042720807A869051B5" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentGross_A3B51A8D261501026307807A86901194_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentGross_A3B51A8D261501026307807A86901194" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment, gross</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentGross_A3B51A8D261501026307807A86901194_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentGross_A3B51A8D261501026307807A86901194" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Gross</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentGross_A3B51A8D261501026307807A86901194" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_4930AA07FF6A2FCF6B0C807A8690D8BE_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_4930AA07FF6A2FCF6B0C807A8690D8BE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Net</link:label>
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    <link:label id="lab_us-gaap_AccountingPoliciesAbstract_DA0368F7984D743E8955807A87C7E677_label_en-US" xlink:label="lab_us-gaap_AccountingPoliciesAbstract_DA0368F7984D743E8955807A87C7E677" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting Policies [Abstract]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_FE5F29077D86A4E7EFC0807A855064B8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_FE5F29077D86A4E7EFC0807A855064B8" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears_FE5F29077D86A4E7EFC0807A855064B8" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_52EB5CEB7A6B341BD68D807A8550B948_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_52EB5CEB7A6B341BD68D807A8550B948" 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_52EB5CEB7A6B341BD68D807A8550B948_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_52EB5CEB7A6B341BD68D807A8550B948" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_52EB5CEB7A6B341BD68D807A8550B948" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_52EB5CEB7A6B341BD68D807A8550B948" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears_52EB5CEB7A6B341BD68D807A8550B948" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_AC5EBFBCD17E73B4EAAF807A85516F76_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_AC5EBFBCD17E73B4EAAF807A85516F76" 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_AC5EBFBCD17E73B4EAAF807A85516F76_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_AC5EBFBCD17E73B4EAAF807A85516F76" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_AC5EBFBCD17E73B4EAAF807A85516F76" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_AC5EBFBCD17E73B4EAAF807A85516F76" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFourYears_AC5EBFBCD17E73B4EAAF807A85516F76" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_204EBB357A8B8839738A807A855179AC_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_204EBB357A8B8839738A807A855179AC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2021</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_204EBB357A8B8839738A807A855179AC_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_204EBB357A8B8839738A807A855179AC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Receivable, in Five Years</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_204EBB357A8B8839738A807A855179AC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_204EBB357A8B8839738A807A855179AC" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears_204EBB357A8B8839738A807A855179AC" xlink:type="arc" />
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_0B930E98E4CE1E0426AA807A8551F74F_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_0B930E98E4CE1E0426AA807A8551F74F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Thereafter</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_0B930E98E4CE1E0426AA807A8551F74F_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivableThereafter_0B930E98E4CE1E0426AA807A8551F74F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Receivable, Thereafter</link:label>
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    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_031AA3BC1C3087F2C53B807A8551E797_totalLabel_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_031AA3BC1C3087F2C53B807A8551E797" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_031AA3BC1C3087F2C53B807A8551E797_label_en-US" xlink:label="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_031AA3BC1C3087F2C53B807A8551E797" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Leases, Future Minimum Payments Receivable</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_031AA3BC1C3087F2C53B807A8551E797" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_031AA3BC1C3087F2C53B807A8551E797" xlink:to="lab_us-gaap_OperatingLeasesFutureMinimumPaymentsReceivable_031AA3BC1C3087F2C53B807A8551E797" xlink:type="arc" />
    <link:label id="lab_us-gaap_UnamortizedDebtIssuanceExpense_449C3E2B9A98B55A62BA807A85C30AE6_negatedLabel_en-US" xlink:label="lab_us-gaap_UnamortizedDebtIssuanceExpense_449C3E2B9A98B55A62BA807A85C30AE6" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: Debt issuance costs</link:label>
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    <link:label id="lab_us-gaap_LongTermDebtCurrent_5177A6E549C1AB1885C1807A85C48B7E_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtCurrent_5177A6E549C1AB1885C1807A85C48B7E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total debt due within one year</link:label>
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_0BC93655DAA9B18FC18A807A853DF1D2_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingRollForward_0BC93655DAA9B18FC18A807A853DF1D2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Options</link:label>
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_2C473E2B1889FF556440807A853D76C7_periodStartLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_2C473E2B1889FF556440807A853D76C7" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_2C473E2B1889FF556440807A853D76C7" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_9403794159AFD5F77C42807A853D32C9_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_9403794159AFD5F77C42807A853D32C9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Granted (in dollars per share)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_9403794159AFD5F77C42807A853D32C9_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_9403794159AFD5F77C42807A853D32C9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_9403794159AFD5F77C42807A853D32C9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_9403794159AFD5F77C42807A853D32C9" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_9403794159AFD5F77C42807A853D32C9" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_ACEE1558624932C08876807A853DE537_periodEndLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_ACEE1558624932C08876807A853DE537" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Stock options outstanding and exercisable (in usd per share)</link:label>
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    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_72941D6497A96D46E89F807A853D9DD9_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_72941D6497A96D46E89F807A853D9DD9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aggregate Value (in thousands)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_72941D6497A96D46E89F807A853D9DD9_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_72941D6497A96D46E89F807A853D9DD9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_72941D6497A96D46E89F807A853D9DD9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_72941D6497A96D46E89F807A853D9DD9" xlink:to="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_72941D6497A96D46E89F807A853D9DD9" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_89440ADCA1CDBDEFD285807A853EC5E5_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_89440ADCA1CDBDEFD285807A853EC5E5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Remaining Contractual Term (in years)</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_89440ADCA1CDBDEFD285807A853EC5E5_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAdditionalDisclosuresAbstract_89440ADCA1CDBDEFD285807A853EC5E5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]</link:label>
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    <link:label id="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_C85ED76AB30AC8F84DD3807A853E491F_terseLabel_en-US" xlink:label="lab_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_C85ED76AB30AC8F84DD3807A853E491F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted Average Remaining Contractual Term (in years)</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_C85ED76AB30AC8F84DD3807A853E491F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncomeTaxDisclosureAbstract_1BB260102F0E06BDF427807A85282B81_label_en-US" xlink:label="lab_us-gaap_IncomeTaxDisclosureAbstract_1BB260102F0E06BDF427807A85282B81" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Disclosure [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_1BB260102F0E06BDF427807A85282B81" xlink:type="locator" />
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    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_7AB6AF0D5399C3389AA2807A8528849D_verboseLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_7AB6AF0D5399C3389AA2807A8528849D" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">U.S. federal tax at statutory rate</link:label>
    <link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_7AB6AF0D5399C3389AA2807A8528849D_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_7AB6AF0D5399C3389AA2807A8528849D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent</link:label>
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    <link:label id="lab_ftai_AdjustedNetIncomeLoss_02CFBC45DC4F943A69A19EF159ADBB5F_terseLabel_en-US" xlink:label="lab_ftai_AdjustedNetIncomeLoss_02CFBC45DC4F943A69A19EF159ADBB5F" 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_02CFBC45DC4F943A69A19EF159ADBB5F_label_en-US" xlink:label="lab_ftai_AdjustedNetIncomeLoss_02CFBC45DC4F943A69A19EF159ADBB5F" 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_02CFBC45DC4F943A69A19EF159ADBB5F_documentation_en-US" xlink:label="lab_ftai_AdjustedNetIncomeLoss_02CFBC45DC4F943A69A19EF159ADBB5F" 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-20170630.xsd#ftai_AdjustedNetIncomeLoss" xlink:label="loc_ftai_AdjustedNetIncomeLoss_02CFBC45DC4F943A69A19EF159ADBB5F" xlink:type="locator" />
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    <link:label id="lab_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_0053E6B4CA564D4274D09EF159AD09C8_terseLabel_en-US" xlink:label="lab_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_0053E6B4CA564D4274D09EF159AD09C8" 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>
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    <link:label id="lab_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_0053E6B4CA564D4274D09EF159AD09C8_documentation_en-US" xlink:label="lab_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_0053E6B4CA564D4274D09EF159AD09C8" 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>
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    <link:label id="lab_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_278F567E6CD432EF632A9EF159AD76A4_terseLabel_en-US" xlink:label="lab_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_278F567E6CD432EF632A9EF159AD76A4" 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>
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    <link:label id="lab_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_278F567E6CD432EF632A9EF159AD76A4_documentation_en-US" xlink:label="lab_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_278F567E6CD432EF632A9EF159AD76A4" 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-20170630.xsd#ftai_IncomeLossfromEquityMethodInvestmentsProRataShare" xlink:label="loc_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_278F567E6CD432EF632A9EF159AD76A4" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AssetImpairmentCharges_E21E5F3B9C53DD47AF469EF159AD3869_negatedLabel_en-US" xlink:label="lab_us-gaap_AssetImpairmentCharges_E21E5F3B9C53DD47AF469EF159AD3869" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: Asset impairment charges</link:label>
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    <link:label id="lab_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_79E1460856E0DC0E8E209EF159ADCA9F_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_79E1460856E0DC0E8E209EF159ADCA9F" 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>
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    <link:label id="lab_ftai_GainsLossesonExtinguishmentorRestructuringofDebt_0B4633EAFD85118745279EF159ADBF6F_terseLabel_en-US" xlink:label="lab_ftai_GainsLossesonExtinguishmentorRestructuringofDebt_0B4633EAFD85118745279EF159ADBF6F" 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_0B4633EAFD85118745279EF159ADBF6F_label_en-US" xlink:label="lab_ftai_GainsLossesonExtinguishmentorRestructuringofDebt_0B4633EAFD85118745279EF159ADBF6F" 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_0B4633EAFD85118745279EF159ADBF6F_documentation_en-US" xlink:label="lab_ftai_GainsLossesonExtinguishmentorRestructuringofDebt_0B4633EAFD85118745279EF159ADBF6F" 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>
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    <link:label id="lab_us-gaap_BusinessCombinationAcquisitionRelatedCosts_532ABD2803C550549E1A9EF159AEAAA3_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationAcquisitionRelatedCosts_532ABD2803C550549E1A9EF159AEAAA3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Less: Acquisition and transaction expenses</link:label>
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    <link:label id="lab_us-gaap_AllocatedShareBasedCompensationExpense_BAC5D85BCA1D4FAA30219EF159AE1DEC_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_AllocatedShareBasedCompensationExpense_BAC5D85BCA1D4FAA30219EF159AE1DEC" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Less: Equity-based compensation expense</link:label>
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    <link:label id="lab_us-gaap_IncomeTaxExpenseBenefit_CE19AF9AB88F2D341B079EF159AE215A_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxExpenseBenefit_CE19AF9AB88F2D341B079EF159AE215A" 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/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_CE19AF9AB88F2D341B079EF159AE215A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentTextBlock_9A94A35BD3FC1F74051C807A86974089_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentTextBlock_9A94A35BD3FC1F74051C807A86974089" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment</link:label>
    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentTextBlock_9A94A35BD3FC1F74051C807A86974089_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentTextBlock_9A94A35BD3FC1F74051C807A86974089" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentTextBlock_9A94A35BD3FC1F74051C807A86974089" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertyPlantAndEquipmentTextBlock_9A94A35BD3FC1F74051C807A86974089" xlink:to="lab_us-gaap_PropertyPlantAndEquipmentTextBlock_9A94A35BD3FC1F74051C807A86974089" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_3239D32AAD53664D6633807A8507C9B4_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_3239D32AAD53664D6633807A8507C9B4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Segment Reporting Information, by Segment</link:label>
    <link:label id="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_3239D32AAD53664D6633807A8507C9B4_label_en-US" xlink:label="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_3239D32AAD53664D6633807A8507C9B4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Segment Reporting Information, by Segment [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_3239D32AAD53664D6633807A8507C9B4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_3239D32AAD53664D6633807A8507C9B4" xlink:to="lab_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_3239D32AAD53664D6633807A8507C9B4" xlink:type="arc" />
    <link:label id="lab_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_ACFE14E77DBD6DBCE4C3807A8507035E_terseLabel_en-US" xlink:label="lab_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_ACFE14E77DBD6DBCE4C3807A8507035E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reconciliation of Operating Profit (Loss) from Segments to Consolidated</link:label>
    <link:label id="lab_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_ACFE14E77DBD6DBCE4C3807A8507035E_label_en-US" xlink:label="lab_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_ACFE14E77DBD6DBCE4C3807A8507035E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock" xlink:label="loc_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_ACFE14E77DBD6DBCE4C3807A8507035E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_ACFE14E77DBD6DBCE4C3807A8507035E" xlink:to="lab_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_ACFE14E77DBD6DBCE4C3807A8507035E" xlink:type="arc" />
    <link:label id="lab_us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock_7D9E98D044EF6425B0F4807A8507B8D1_terseLabel_en-US" xlink:label="lab_us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock_7D9E98D044EF6425B0F4807A8507B8D1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue from External Customers by Geographic Areas</link:label>
    <link:label id="lab_us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock_7D9E98D044EF6425B0F4807A8507B8D1_label_en-US" xlink:label="lab_us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock_7D9E98D044EF6425B0F4807A8507B8D1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue from External Customers by Geographic Areas [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock" xlink:label="loc_us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock_7D9E98D044EF6425B0F4807A8507B8D1" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock_4F555FB1B8C0FDB5859F807A8508C2F8_terseLabel_en-US" xlink:label="lab_us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock_4F555FB1B8C0FDB5859F807A8508C2F8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reconciliation of Other Significant Reconciling Items from Segments to Consolidated</link:label>
    <link:label id="lab_us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock_4F555FB1B8C0FDB5859F807A8508C2F8_label_en-US" xlink:label="lab_us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock_4F555FB1B8C0FDB5859F807A8508C2F8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]</link:label>
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    <link:label id="lab_us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTable_EE2D39280105530976C1807A85574DC0_terseLabel_en-US" xlink:label="lab_us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTable_EE2D39280105530976C1807A85574DC0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reconciliation of Revenue from Segments to Consolidated [Table]</link:label>
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    <link:label id="lab_us-gaap_MaintenanceRevenue_448B98DDCC4345888EFE807A8558674B_label_en-US" xlink:label="lab_us-gaap_MaintenanceRevenue_448B98DDCC4345888EFE807A8558674B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maintenance Revenue</link:label>
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    <link:label id="lab_us-gaap_CapitalLeasesIncomeStatementLeaseRevenue_B9C47318D7169CCF6DC0807A855886BB_label_en-US" xlink:label="lab_us-gaap_CapitalLeasesIncomeStatementLeaseRevenue_B9C47318D7169CCF6DC0807A855886BB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Leases, Income Statement, Lease Revenue</link:label>
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    <link:label id="lab_us-gaap_OtherSalesRevenueNet_0A4265989236D5F2CA77807A85588A54_label_en-US" xlink:label="lab_us-gaap_OtherSalesRevenueNet_0A4265989236D5F2CA77807A85588A54" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Revenue, Net</link:label>
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    <link:label id="lab_ftai_RailRevenue_F096FAE1AFF415DE506C807A85593BE0_label_en-US" xlink:label="lab_ftai_RailRevenue_F096FAE1AFF415DE506C807A85593BE0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Rail Revenue</link:label>
    <link:label id="lab_ftai_RailRevenue_F096FAE1AFF415DE506C807A85593BE0_documentation_en-US" xlink:label="lab_ftai_RailRevenue_F096FAE1AFF415DE506C807A85593BE0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Rail Revenue</link:label>
    <link:loc xlink:href="ftai-20170630.xsd#ftai_RailRevenue" xlink:label="loc_ftai_RailRevenue_F096FAE1AFF415DE506C807A85593BE0" xlink:type="locator" />
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    <link:label id="lab_ftai_TerminalServicesRevenues_C6628B4EC27A71864C48807A8559C4CA_label_en-US" xlink:label="lab_ftai_TerminalServicesRevenues_C6628B4EC27A71864C48807A8559C4CA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Terminal Services Revenues</link:label>
    <link:label id="lab_ftai_TerminalServicesRevenues_C6628B4EC27A71864C48807A8559C4CA_documentation_en-US" xlink:label="lab_ftai_TerminalServicesRevenues_C6628B4EC27A71864C48807A8559C4CA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Terminal Services Revenues</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SalesRevenueNet" xlink:label="loc_us-gaap_SalesRevenueNet_5622972669F0B0C704CB807A855930BD" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AssetsAbstract_DF08079B8893A23BDABE807A88A1008A_label_en-US" xlink:label="lab_us-gaap_AssetsAbstract_DF08079B8893A23BDABE807A88A1008A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets [Abstract]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_6EAC02C5C5A6DCC0B773807A88A18127" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AccountsReceivableNet_C21F0929E3DC5C8F96FE807A88A14B3F_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsReceivableNet_C21F0929E3DC5C8F96FE807A88A14B3F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts receivable, net</link:label>
    <link:label id="lab_us-gaap_AccountsReceivableNet_C21F0929E3DC5C8F96FE807A88A14B3F_label_en-US" xlink:label="lab_us-gaap_AccountsReceivableNet_C21F0929E3DC5C8F96FE807A88A14B3F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Receivable, Net</link:label>
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