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    <link:label id="lab_us-gaap_DebtInstrumentPeriodicPayment_7A870B681F487DF6A4952EDD43D48E46_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentPeriodicPayment_7A870B681F487DF6A4952EDD43D48E46" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Periodic Payment</link:label>
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    <link:loc xlink:href="ftai-20160630.xsd#ftai_DebtInstrumentCovenantFixedChargeCoverageRatio" xlink:label="loc_ftai_DebtInstrumentCovenantFixedChargeCoverageRatio_B2BBFEC3AD2C1FEA2E952EEC8A56CA1E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_6550C302D44E32893A18568CD2C045B9_terseLabel_en-US" xlink:label="lab_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_6550C302D44E32893A18568CD2C045B9" 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>
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    <link:label id="lab_us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities_2F6B2B0CF57D6389C310568CD2C00A66_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities_2F6B2B0CF57D6389C310568CD2C00A66" 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>
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    <link:label id="lab_ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired_8FD495D6D8B4D14A7568568CD57BFC66_negatedTerseLabel_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionLeasingEquipmentAcquired_8FD495D6D8B4D14A7568568CD57BFC66" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Noncash or Part Noncash Acquisition, Leasing Equipment Acquired</link:label>
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    <link:label id="lab_ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed_57AB53E28BF01E5B2C4C568CD2C04FDD_terseLabel_en-US" xlink:label="lab_ftai_NoncashorPartNoncashAcquisitionSecurityDepositsSettledandAssumed_57AB53E28BF01E5B2C4C568CD2C04FDD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Settled and assumed security deposits</link:label>
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    <link:label id="lab_ftai_CapitalLeasesNumberofShippingContainersSoldinDirectFinancingLeases_B03D4F443AF9262AE2462E0DE06EDA6E_terseLabel_en-US" xlink:label="lab_ftai_CapitalLeasesNumberofShippingContainersSoldinDirectFinancingLeases_B03D4F443AF9262AE2462E0DE06EDA6E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shipping containers that were subject to direct finance leases for a modest gain.</link:label>
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    <link:loc xlink:href="ftai-20160630.xsd#ftai_CapitalLeasesNumberofShippingContainersSoldinDirectFinancingLeases" xlink:label="loc_ftai_CapitalLeasesNumberofShippingContainersSoldinDirectFinancingLeases_B03D4F443AF9262AE2462E0DE06EDA6E" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OperatingLeasesOfLessorDisclosureTextBlock" xlink:label="loc_us-gaap_OperatingLeasesOfLessorDisclosureTextBlock_F7F5142AABB95E568674D3E96E2D6003" xlink:type="locator" />
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    <link:label id="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_CD7D99DE05F7A098D4A7F6F8E25A794F_label_en-US" xlink:label="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_75C0180110B258A49E7FAAD96C9E3DE1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Comprehensive Income [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_75C0180110B258A49E7FAAD96C9E3DE1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_75C0180110B258A49E7FAAD96C9E3DE1" xlink:to="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_75C0180110B258A49E7FAAD96C9E3DE1" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_71A58267DCCB9FC4B573F6F8E25A0A65_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_1A9C2C52AABD5D75BF58E4BC480C42E1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other comprehensive (loss) income:</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_71A58267DCCB9FC4B573F6F8E25A0A65_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_1A9C2C52AABD5D75BF58E4BC480C42E1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Net of Tax [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_1A9C2C52AABD5D75BF58E4BC480C42E1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_1A9C2C52AABD5D75BF58E4BC480C42E1" xlink:to="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_1A9C2C52AABD5D75BF58E4BC480C42E1" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax_F563BCB2750237F5A6A1F6F8E25A707C_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax_EBB36F716F4F5ACB8EE371EC885BC842" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in fair value of cash flow hedge</link:label>
    <link:label id="lab_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax_F563BCB2750237F5A6A1F6F8E25A707C_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax_EBB36F716F4F5ACB8EE371EC885BC842" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax_EBB36F716F4F5ACB8EE371EC885BC842" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax_EBB36F716F4F5ACB8EE371EC885BC842" xlink:to="lab_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax_EBB36F716F4F5ACB8EE371EC885BC842" xlink:type="arc" />
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_68D9A2CE1B56DA300855F6F8E25ABCF3_totalLabel_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_B5E7435DD1E250BDAEC3C90C753C6F2C" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Comprehensive (loss) income</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_B5E7435DD1E250BDAEC3C90C753C6F2C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_B5E7435DD1E250BDAEC3C90C753C6F2C" xlink:to="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_B5E7435DD1E250BDAEC3C90C753C6F2C" xlink:type="arc" />
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_CE5C9C03B1A6BE785688F6F8E25A60F8_terseLabel_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_C9934A6258395CA69EE6A819B7506DAB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Comprehensive (loss) income attributable to non-controlling interest</link:label>
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_CE5C9C03B1A6BE785688F6F8E25A60F8_label_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_C9934A6258395CA69EE6A819B7506DAB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_C9934A6258395CA69EE6A819B7506DAB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_C9934A6258395CA69EE6A819B7506DAB" xlink:to="lab_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_C9934A6258395CA69EE6A819B7506DAB" xlink:type="arc" />
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTax_D268F80A9500E9CE1E0CF6F8E25AB72C_totalLabel_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTax_4088F44808AB5123AFA85CAE5255E1F5" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Comprehensive (loss) income attributable to shareholders</link:label>
    <link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTax_D268F80A9500E9CE1E0CF6F8E25AB72C_label_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTax_4088F44808AB5123AFA85CAE5255E1F5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive Income (Loss), Net of Tax, Attributable to Parent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_4088F44808AB5123AFA85CAE5255E1F5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_4088F44808AB5123AFA85CAE5255E1F5" xlink:to="lab_us-gaap_ComprehensiveIncomeNetOfTax_4088F44808AB5123AFA85CAE5255E1F5" xlink:type="arc" />
    <link:label id="lab_ftai_AdjustedNetIncomeLoss_BEB098D5004004DDCBCE2EA04FE053D9_terseLabel_en-US" xlink:label="lab_ftai_AdjustedNetIncomeLoss_BEB098D5004004DDCBCE2EA04FE053D9" 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_BEB098D5004004DDCBCE2EA04FE053D9_label_en-US" xlink:label="lab_ftai_AdjustedNetIncomeLoss_BEB098D5004004DDCBCE2EA04FE053D9" 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_BEB098D5004004DDCBCE2EA04FE053D9_documentation_en-US" xlink:label="lab_ftai_AdjustedNetIncomeLoss_BEB098D5004004DDCBCE2EA04FE053D9" 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-20160630.xsd#ftai_AdjustedNetIncomeLoss" xlink:label="loc_ftai_AdjustedNetIncomeLoss_BEB098D5004004DDCBCE2EA04FE053D9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_AdjustedNetIncomeLoss_BEB098D5004004DDCBCE2EA04FE053D9" xlink:to="lab_ftai_AdjustedNetIncomeLoss_BEB098D5004004DDCBCE2EA04FE053D9" xlink:type="arc" />
    <link:label id="lab_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_6185DC25B8AC86B45A642EA04FE02905_terseLabel_en-US" xlink:label="lab_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_6185DC25B8AC86B45A642EA04FE02905" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Add: Non-controlling share of adjustments to Adjusted Net Income</link:label>
    <link:label id="lab_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_6185DC25B8AC86B45A642EA04FE02905_label_en-US" xlink:label="lab_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_6185DC25B8AC86B45A642EA04FE02905" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjusted Net Income (Loss) Attributable to Non-Controlling Interest</link:label>
    <link:label id="lab_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_6185DC25B8AC86B45A642EA04FE02905_documentation_en-US" xlink:label="lab_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_6185DC25B8AC86B45A642EA04FE02905" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjusted Net Income (Loss) Attributable to Non-Controlling Interest</link:label>
    <link:loc xlink:href="ftai-20160630.xsd#ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest" xlink:label="loc_ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest_6185DC25B8AC86B45A642EA04FE02905" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncomeTaxesPaid_E21E8380F2B9662B38402EA04FE02735_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxesPaid_E21E8380F2B9662B38402EA04FE02735" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Add: Cash payments for income taxes</link:label>
    <link:label id="lab_us-gaap_IncomeTaxesPaid_E21E8380F2B9662B38402EA04FE02735_label_en-US" xlink:label="lab_us-gaap_IncomeTaxesPaid_E21E8380F2B9662B38402EA04FE02735" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Taxes Paid</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxesPaid_E21E8380F2B9662B38402EA04FE02735" xlink:to="lab_us-gaap_IncomeTaxesPaid_E21E8380F2B9662B38402EA04FE02735" xlink:type="arc" />
    <link:label id="lab_ftai_IncentiveIncomeAllocated_D02323B5CF1CC82CA76F2EA04FE08A16_terseLabel_en-US" xlink:label="lab_ftai_IncentiveIncomeAllocated_D02323B5CF1CC82CA76F2EA04FE08A16" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: Incentive allocations</link:label>
    <link:label id="lab_ftai_IncentiveIncomeAllocated_D02323B5CF1CC82CA76F2EA04FE08A16_label_en-US" xlink:label="lab_ftai_IncentiveIncomeAllocated_D02323B5CF1CC82CA76F2EA04FE08A16" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Incentive Income Allocated</link:label>
    <link:label id="lab_ftai_IncentiveIncomeAllocated_D02323B5CF1CC82CA76F2EA04FE08A16_documentation_en-US" xlink:label="lab_ftai_IncentiveIncomeAllocated_D02323B5CF1CC82CA76F2EA04FE08A16" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Incentive Income Allocated</link:label>
    <link:loc xlink:href="ftai-20160630.xsd#ftai_IncentiveIncomeAllocated" xlink:label="loc_ftai_IncentiveIncomeAllocated_D02323B5CF1CC82CA76F2EA04FE08A16" xlink:type="locator" />
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    <link:label id="lab_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_5B563D94725456EC94B02EA04FE0A95E_terseLabel_en-US" xlink:label="lab_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_5B563D94725456EC94B02EA04FE0A95E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Less: Pro-rata share of Adjusted Net Income from investments in unconsolidated entities</link:label>
    <link:label id="lab_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_5B563D94725456EC94B02EA04FE0A95E_label_en-US" xlink:label="lab_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_5B563D94725456EC94B02EA04FE0A95E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (Loss) from Equity Method Investments, Pro-Rata Share</link:label>
    <link:label id="lab_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_5B563D94725456EC94B02EA04FE0A95E_documentation_en-US" xlink:label="lab_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_5B563D94725456EC94B02EA04FE0A95E" 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-20160630.xsd#ftai_IncomeLossfromEquityMethodInvestmentsProRataShare" xlink:label="loc_ftai_IncomeLossfromEquityMethodInvestmentsProRataShare_5B563D94725456EC94B02EA04FE0A95E" xlink:type="locator" />
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    <link:label id="lab_ftai_GainsLossesonExtinguishmentorRestructuringofDebt_4BDBC8E223D9B01684362EA04FE04C10_terseLabel_en-US" xlink:label="lab_ftai_GainsLossesonExtinguishmentorRestructuringofDebt_4BDBC8E223D9B01684362EA04FE04C10" 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>
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    <link:label id="lab_ftai_GainsLossesonExtinguishmentorRestructuringofDebt_4BDBC8E223D9B01684362EA04FE04C10_documentation_en-US" xlink:label="lab_ftai_GainsLossesonExtinguishmentorRestructuringofDebt_4BDBC8E223D9B01684362EA04FE04C10" 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_1359F6A8D308691AD5752EA04FE099A4_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_BusinessCombinationAcquisitionRelatedCosts_1359F6A8D308691AD5752EA04FE099A4" 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_76473932660394CB42222EA04FE01CF7_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_AllocatedShareBasedCompensationExpense_76473932660394CB42222EA04FE01CF7" 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_12526E40CDB7802564FB2EA04FE00176_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxExpenseBenefit_12526E40CDB7802564FB2EA04FE00176" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Less: Provision for income taxes</link:label>
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    <link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_62D2F4E8775EC2FC392D323FF9C7403D_label_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_62D2F4E8775EC2FC392D323FF9C7403D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Variable Interest Entities [Table]</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis" xlink:label="loc_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_23C1B84ED3756BE8BFB4323FF9C7416C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_9D61C9D31DC6202E997D323FF9C7FD1B_label_en-US" xlink:label="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_9D61C9D31DC6202E997D323FF9C7FD1B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Classification [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="loc_us-gaap_ClassificationOfVariableInterestEntityDomain_9D61C9D31DC6202E997D323FF9C7FD1B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ClassificationOfVariableInterestEntityDomain_9D61C9D31DC6202E997D323FF9C7FD1B" xlink:to="lab_us-gaap_ClassificationOfVariableInterestEntityDomain_9D61C9D31DC6202E997D323FF9C7FD1B" xlink:type="arc" />
    <link:label id="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_74AB92ED38D03554724F323FF9C71759_verboseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_74AB92ED38D03554724F323FF9C71759" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">MT6015</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_74AB92ED38D03554724F323FF9C71759_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_74AB92ED38D03554724F323FF9C71759" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Primary Beneficiary [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_VariableInterestEntityPrimaryBeneficiaryMember" xlink:label="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_74AB92ED38D03554724F323FF9C71759" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_74AB92ED38D03554724F323FF9C71759" xlink:to="lab_us-gaap_VariableInterestEntityPrimaryBeneficiaryMember_74AB92ED38D03554724F323FF9C71759" xlink:type="arc" />
    <link:label id="lab_us-gaap_VariableInterestEntityLineItems_010EE8DAF4BDFE425ADE323FF9C7A1C9_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityLineItems_010EE8DAF4BDFE425ADE323FF9C7A1C9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Variable Interest Entity [Line Items]</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityLineItems_010EE8DAF4BDFE425ADE323FF9C7A1C9_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityLineItems_010EE8DAF4BDFE425ADE323FF9C7A1C9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity [Line Items]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_010EE8DAF4BDFE425ADE323FF9C7A1C9" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LossContingencyRangeOfPossibleLossMinimum_44E2732B20F5D619BFE832412236D1B7_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyRangeOfPossibleLossMinimum_44E2732B20F5D619BFE832412236D1B7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loss Contingency, Range of Possible Loss, Minimum</link:label>
    <link:label id="lab_us-gaap_LossContingencyRangeOfPossibleLossMinimum_44E2732B20F5D619BFE832412236D1B7_label_en-US" xlink:label="lab_us-gaap_LossContingencyRangeOfPossibleLossMinimum_44E2732B20F5D619BFE832412236D1B7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss Contingency, Range of Possible Loss, Minimum</link:label>
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    <link:label id="lab_ftai_NumberofSubsidiarieswithCapitalandOperatingLeases_39C7D31EE251E477B3F1323FF9C8EA0E_terseLabel_en-US" xlink:label="lab_ftai_NumberofSubsidiarieswithCapitalandOperatingLeases_39C7D31EE251E477B3F1323FF9C8EA0E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of subsidiaries</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsLineItems_C8ABA5D54BCC5766059F2E3CF69E6B2C" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsLineItems_C8ABA5D54BCC5766059F2E3CF69E6B2C" xlink:type="arc" />
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsNetAbstract_EDC099AB60F66A73B3F42E3CF69E73B6_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsNetAbstract_EDC099AB60F66A73B3F42E3CF69E73B6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intangible assets:</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsNetAbstract_EDC099AB60F66A73B3F42E3CF69E73B6_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsNetAbstract_EDC099AB60F66A73B3F42E3CF69E73B6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets, Net [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNetAbstract" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNetAbstract_EDC099AB60F66A73B3F42E3CF69E73B6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNetAbstract_EDC099AB60F66A73B3F42E3CF69E73B6" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsNetAbstract_EDC099AB60F66A73B3F42E3CF69E73B6" xlink:type="arc" />
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsGross_56DE78D8163BED1EACF92E3CF69FAFBF_terseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsGross_56DE78D8163BED1EACF92E3CF69FAFBF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquired finite-lived intangibles</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsGross_56DE78D8163BED1EACF92E3CF69FAFBF_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsGross_56DE78D8163BED1EACF92E3CF69FAFBF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets, Gross</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsGross" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsGross_56DE78D8163BED1EACF92E3CF69FAFBF" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsGross_56DE78D8163BED1EACF92E3CF69FAFBF" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsGross_56DE78D8163BED1EACF92E3CF69FAFBF" xlink:type="arc" />
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_5C576A8E76FA74EE94462E3CF69F1470_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_5C576A8E76FA74EE94462E3CF69F1470" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Accumulated amortization</link:label>
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_5C576A8E76FA74EE94462E3CF69F1470_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_5C576A8E76FA74EE94462E3CF69F1470" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets, Accumulated Amortization</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_5C576A8E76FA74EE94462E3CF69F1470" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_5C576A8E76FA74EE94462E3CF69F1470" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization_5C576A8E76FA74EE94462E3CF69F1470" xlink:type="arc" />
    <link:label id="lab_us-gaap_FiniteLivedIntangibleAssetsNet_8BFE337E752E5651C5412E3CF69FF874_totalLabel_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsNet_8BFE337E752E5651C5412E3CF69FF874" 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_FiniteLivedIntangibleAssetsNet_8BFE337E752E5651C5412E3CF69FF874_label_en-US" xlink:label="lab_us-gaap_FiniteLivedIntangibleAssetsNet_8BFE337E752E5651C5412E3CF69FF874" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_8BFE337E752E5651C5412E3CF69FF874" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FiniteLivedIntangibleAssetsNet_8BFE337E752E5651C5412E3CF69FF874" xlink:to="lab_us-gaap_FiniteLivedIntangibleAssetsNet_8BFE337E752E5651C5412E3CF69FF874" xlink:type="arc" />
    <link:label id="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill_E184253CC75558AAB1EF2E3CF69FEC66_terseLabel_en-US" xlink:label="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill_E184253CC75558AAB1EF2E3CF69FEC66" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total intangible assets, net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_E184253CC75558AAB1EF2E3CF69FEC66" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_E184253CC75558AAB1EF2E3CF69FEC66" xlink:to="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill_E184253CC75558AAB1EF2E3CF69FEC66" xlink:type="arc" />
    <link:label id="lab_us-gaap_BelowMarketLeaseAbstract_A803531118081D060A0E2E3CF69F148F_terseLabel_en-US" xlink:label="lab_us-gaap_BelowMarketLeaseAbstract_A803531118081D060A0E2E3CF69F148F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intangible liabilities:</link:label>
    <link:label id="lab_us-gaap_BelowMarketLeaseAbstract_A803531118081D060A0E2E3CF69F148F_label_en-US" xlink:label="lab_us-gaap_BelowMarketLeaseAbstract_A803531118081D060A0E2E3CF69F148F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Below Market Lease [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BelowMarketLeaseAbstract" xlink:label="loc_us-gaap_BelowMarketLeaseAbstract_A803531118081D060A0E2E3CF69F148F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BelowMarketLeaseAbstract_A803531118081D060A0E2E3CF69F148F" xlink:to="lab_us-gaap_BelowMarketLeaseAbstract_A803531118081D060A0E2E3CF69F148F" xlink:type="arc" />
    <link:label id="lab_us-gaap_BelowMarketLeaseGross_D18A5E696AA2136E25AB2E3CF69FDAB5_terseLabel_en-US" xlink:label="lab_us-gaap_BelowMarketLeaseGross_D18A5E696AA2136E25AB2E3CF69FDAB5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquired unfavorable lease intangibles</link:label>
    <link:label id="lab_us-gaap_BelowMarketLeaseGross_D18A5E696AA2136E25AB2E3CF69FDAB5_label_en-US" xlink:label="lab_us-gaap_BelowMarketLeaseGross_D18A5E696AA2136E25AB2E3CF69FDAB5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Below Market Lease, Gross</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BelowMarketLeaseGross" xlink:label="loc_us-gaap_BelowMarketLeaseGross_D18A5E696AA2136E25AB2E3CF69FDAB5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BelowMarketLeaseGross_D18A5E696AA2136E25AB2E3CF69FDAB5" xlink:to="lab_us-gaap_BelowMarketLeaseGross_D18A5E696AA2136E25AB2E3CF69FDAB5" xlink:type="arc" />
    <link:label id="lab_us-gaap_BelowMarketLeaseAccumulatedAmortization_BDAB50C712A10515FBAD2E3CF69FE884_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_BelowMarketLeaseAccumulatedAmortization_BDAB50C712A10515FBAD2E3CF69FE884" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Less: Accumulated amortization</link:label>
    <link:label id="lab_us-gaap_BelowMarketLeaseAccumulatedAmortization_BDAB50C712A10515FBAD2E3CF69FE884_label_en-US" xlink:label="lab_us-gaap_BelowMarketLeaseAccumulatedAmortization_BDAB50C712A10515FBAD2E3CF69FE884" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Below Market Lease, Accumulated Amortization</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BelowMarketLeaseAccumulatedAmortization" xlink:label="loc_us-gaap_BelowMarketLeaseAccumulatedAmortization_BDAB50C712A10515FBAD2E3CF69FE884" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BelowMarketLeaseAccumulatedAmortization_BDAB50C712A10515FBAD2E3CF69FE884" xlink:to="lab_us-gaap_BelowMarketLeaseAccumulatedAmortization_BDAB50C712A10515FBAD2E3CF69FE884" xlink:type="arc" />
    <link:label id="lab_us-gaap_BelowMarketLeaseNet_BA474883914135E4B5B12E3CF69F0C89_totalLabel_en-US" xlink:label="lab_us-gaap_BelowMarketLeaseNet_BA474883914135E4B5B12E3CF69F0C89" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Acquired unfavorable lease intangibles, net</link:label>
    <link:label id="lab_us-gaap_BelowMarketLeaseNet_BA474883914135E4B5B12E3CF69F0C89_label_en-US" xlink:label="lab_us-gaap_BelowMarketLeaseNet_BA474883914135E4B5B12E3CF69F0C89" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Below Market Lease, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_BelowMarketLeaseNet" xlink:label="loc_us-gaap_BelowMarketLeaseNet_BA474883914135E4B5B12E3CF69F0C89" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_BelowMarketLeaseNet_BA474883914135E4B5B12E3CF69F0C89" xlink:to="lab_us-gaap_BelowMarketLeaseNet_BA474883914135E4B5B12E3CF69F0C89" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_1980BBFD1AB8C79386762DE96B55EFB2_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_1980BBFD1AB8C79386762DE96B55EFB2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions</link:label>
    <link:label id="lab_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_1980BBFD1AB8C79386762DE96B55EFB2_label_en-US" xlink:label="lab_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_1980BBFD1AB8C79386762DE96B55EFB2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_1980BBFD1AB8C79386762DE96B55EFB2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_1980BBFD1AB8C79386762DE96B55EFB2" xlink:to="lab_us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock_1980BBFD1AB8C79386762DE96B55EFB2" xlink:type="arc" />
    <link:label id="lab_us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock_538F255B44C07A6720862DE96B568E63_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock_538F255B44C07A6720862DE96B568E63" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Stock-based Compensation Arrangements</link:label>
    <link:label id="lab_us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock_538F255B44C07A6720862DE96B568E63_label_en-US" xlink:label="lab_us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock_538F255B44C07A6720862DE96B568E63" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]</link:label>
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    <link:label id="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_FEB09F5263930805AD5F2E3CD87A1896_terseLabel_en-US" xlink:label="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_FEB09F5263930805AD5F2E3CD87A1896" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property Subject to or Available for Operating Lease [Axis]</link:label>
    <link:label id="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_FEB09F5263930805AD5F2E3CD87A1896_label_en-US" xlink:label="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_FEB09F5263930805AD5F2E3CD87A1896" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property Subject to or Available for Operating Lease [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis" xlink:label="loc_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseAxis_FEB09F5263930805AD5F2E3CD87A1896" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_DC62202A5110F97609D02E3CD87A29E5_terseLabel_en-US" xlink:label="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_DC62202A5110F97609D02E3CD87A29E5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property Subject to or Available for Operating Lease [Domain]</link:label>
    <link:label id="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_DC62202A5110F97609D02E3CD87A29E5_label_en-US" xlink:label="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_DC62202A5110F97609D02E3CD87A29E5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property Subject to or Available for Operating Lease [Domain]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain" xlink:label="loc_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_DC62202A5110F97609D02E3CD87A29E5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_DC62202A5110F97609D02E3CD87A29E5" xlink:to="lab_us-gaap_PropertySubjectToOrAvailableForOperatingLeaseDomain_DC62202A5110F97609D02E3CD87A29E5" xlink:type="arc" />
    <link:label id="lab_us-gaap_PropertySubjectToOperatingLeaseMember_9BC780A3183A3BF7B6F12E3CD87A159A_verboseLabel_en-US" xlink:label="lab_us-gaap_PropertySubjectToOperatingLeaseMember_9BC780A3183A3BF7B6F12E3CD87A159A" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Shipping Containers Subject to Multiple Operating Leases</link:label>
    <link:label id="lab_us-gaap_PropertySubjectToOperatingLeaseMember_9BC780A3183A3BF7B6F12E3CD87A159A_label_en-US" xlink:label="lab_us-gaap_PropertySubjectToOperatingLeaseMember_9BC780A3183A3BF7B6F12E3CD87A159A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property Subject to Operating Lease [Member]</link:label>
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    <link:label id="lab_us-gaap_AssetsFairValueDisclosureAbstract_0397CE3AFEBC743F74DE325084B0C458_label_en-US" xlink:label="lab_us-gaap_AssetsFairValueDisclosureAbstract_0397CE3AFEBC743F74DE325084B0C458" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets, Fair Value Disclosure [Abstract]</link:label>
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    <link:loc xlink:href="ftai-20160630.xsd#ftai_EquipmentLeasingRevenuesMember" xlink:label="loc_ftai_EquipmentLeasingRevenuesMember_0A0E2D6CB299131B080D2E3CF6970726" xlink:type="locator" />
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    <link:loc xlink:href="ftai-20160630.xsd#ftai_DepreciationandAmortizationMember" xlink:label="loc_ftai_DepreciationandAmortizationMember_3CDD99AAA47A5AFB71A22E3CF697FEF3" xlink:type="locator" />
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    <link:label id="lab_us-gaap_MaintenanceRevenue_2341F2CA905B1B0A5A0E2E3CF61D9AA5_terseLabel_en-US" xlink:label="lab_us-gaap_MaintenanceRevenue_2341F2CA905B1B0A5A0E2E3CF61D9AA5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maintenance revenue</link:label>
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    <link:label id="lab_us-gaap_CapitalLeasesIncomeStatementLeaseRevenue_BED71251BE674FF4F9DE2E3CF61D8177_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalLeasesIncomeStatementLeaseRevenue_BED71251BE674FF4F9DE2E3CF61D8177" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance lease income</link:label>
    <link:label id="lab_us-gaap_CapitalLeasesIncomeStatementLeaseRevenue_BED71251BE674FF4F9DE2E3CF61D8177_label_en-US" xlink:label="lab_us-gaap_CapitalLeasesIncomeStatementLeaseRevenue_BED71251BE674FF4F9DE2E3CF61D8177" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Leases, Income Statement, Lease Revenue</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalLeasesIncomeStatementLeaseRevenue" xlink:label="loc_us-gaap_CapitalLeasesIncomeStatementLeaseRevenue_BED71251BE674FF4F9DE2E3CF61D8177" xlink:type="locator" />
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    <link:label id="lab_us-gaap_OtherSalesRevenueNet_ACB838D4BF83544E9EDE2E3CF61D8E47_terseLabel_en-US" xlink:label="lab_us-gaap_OtherSalesRevenueNet_ACB838D4BF83544E9EDE2E3CF61D8E47" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other revenue</link:label>
    <link:label id="lab_us-gaap_OtherSalesRevenueNet_ACB838D4BF83544E9EDE2E3CF61D8E47_label_en-US" xlink:label="lab_us-gaap_OtherSalesRevenueNet_ACB838D4BF83544E9EDE2E3CF61D8E47" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Revenue, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherSalesRevenueNet" xlink:label="loc_us-gaap_OtherSalesRevenueNet_ACB838D4BF83544E9EDE2E3CF61D8E47" xlink:type="locator" />
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    <link:label id="lab_ftai_RailRevenue_F9C7BA4C9CA541F51BC02E3CF61DC3AC_terseLabel_en-US" xlink:label="lab_ftai_RailRevenue_F9C7BA4C9CA541F51BC02E3CF61DC3AC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Rail revenues</link:label>
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    <link:label id="lab_ftai_RailRevenue_F9C7BA4C9CA541F51BC02E3CF61DC3AC_documentation_en-US" xlink:label="lab_ftai_RailRevenue_F9C7BA4C9CA541F51BC02E3CF61DC3AC" 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-20160630.xsd#ftai_RailRevenue" xlink:label="loc_ftai_RailRevenue_F9C7BA4C9CA541F51BC02E3CF61DC3AC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_RailRevenue_F9C7BA4C9CA541F51BC02E3CF61DC3AC" xlink:to="lab_ftai_RailRevenue_F9C7BA4C9CA541F51BC02E3CF61DC3AC" xlink:type="arc" />
    <link:label id="lab_ftai_TerminalServicesRevenues_4EC0827409EA4537DF4A2E3CF61D420A_terseLabel_en-US" xlink:label="lab_ftai_TerminalServicesRevenues_4EC0827409EA4537DF4A2E3CF61D420A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Terminal services revenues</link:label>
    <link:label id="lab_ftai_TerminalServicesRevenues_4EC0827409EA4537DF4A2E3CF61D420A_label_en-US" xlink:label="lab_ftai_TerminalServicesRevenues_4EC0827409EA4537DF4A2E3CF61D420A" 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_4EC0827409EA4537DF4A2E3CF61D420A_documentation_en-US" xlink:label="lab_ftai_TerminalServicesRevenues_4EC0827409EA4537DF4A2E3CF61D420A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Terminal Services Revenues</link:label>
    <link:loc xlink:href="ftai-20160630.xsd#ftai_TerminalServicesRevenues" xlink:label="loc_ftai_TerminalServicesRevenues_4EC0827409EA4537DF4A2E3CF61D420A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_TerminalServicesRevenues_4EC0827409EA4537DF4A2E3CF61D420A" xlink:to="lab_ftai_TerminalServicesRevenues_4EC0827409EA4537DF4A2E3CF61D420A" xlink:type="arc" />
    <link:label id="lab_us-gaap_SalesRevenueNet_74848029F0D1AA56288B2E3CF61D5384_totalLabel_en-US" xlink:label="lab_us-gaap_SalesRevenueNet_74848029F0D1AA56288B2E3CF61D5384" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total revenues</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SalesRevenueNet" xlink:label="loc_us-gaap_SalesRevenueNet_74848029F0D1AA56288B2E3CF61D5384" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SalesRevenueNet_74848029F0D1AA56288B2E3CF61D5384" xlink:to="lab_us-gaap_SalesRevenueNet_74848029F0D1AA56288B2E3CF61D5384" xlink:type="arc" />
    <link:label id="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear_8733E8B8A593BA4CBE872DE96BB9CED9_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear_8733E8B8A593BA4CBE872DE96BB9CED9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2016</link:label>
    <link:label id="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear_8733E8B8A593BA4CBE872DE96BB9CED9_label_en-US" xlink:label="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear_8733E8B8A593BA4CBE872DE96BB9CED9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Leases, Future Minimum Payments Receivable, Remainder of Fiscal Year</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear" xlink:label="loc_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear_8733E8B8A593BA4CBE872DE96BB9CED9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear_8733E8B8A593BA4CBE872DE96BB9CED9" xlink:to="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear_8733E8B8A593BA4CBE872DE96BB9CED9" xlink:type="arc" />
    <link:label id="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears_E010972B6F49C9DB344E2DE96BB930BB_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears_E010972B6F49C9DB344E2DE96BB930BB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2017</link:label>
    <link:label id="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears_E010972B6F49C9DB344E2DE96BB930BB_label_en-US" xlink:label="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears_E010972B6F49C9DB344E2DE96BB930BB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Leases, Future Minimum Payments, Receivable in Two Years</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:label="loc_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears_E010972B6F49C9DB344E2DE96BB930BB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears_E010972B6F49C9DB344E2DE96BB930BB" xlink:to="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears_E010972B6F49C9DB344E2DE96BB930BB" xlink:type="arc" />
    <link:label id="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInThreeYears_88D386137D8C47E4E2C72DE96BB9E4B7_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInThreeYears_88D386137D8C47E4E2C72DE96BB9E4B7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2018</link:label>
    <link:label id="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInThreeYears_88D386137D8C47E4E2C72DE96BB9E4B7_label_en-US" xlink:label="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInThreeYears_88D386137D8C47E4E2C72DE96BB9E4B7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Leases, Future Minimum Payments, Receivable in Three Years</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:label="loc_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInThreeYears_88D386137D8C47E4E2C72DE96BB9E4B7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInThreeYears_88D386137D8C47E4E2C72DE96BB9E4B7" xlink:to="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInThreeYears_88D386137D8C47E4E2C72DE96BB9E4B7" xlink:type="arc" />
    <link:label id="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFourYears_4CAF38F1A8CA4DB9025F2DE96BB9A83B_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFourYears_4CAF38F1A8CA4DB9025F2DE96BB9A83B" 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_CapitalLeasesFutureMinimumPaymentsReceivableInFourYears_4CAF38F1A8CA4DB9025F2DE96BB9A83B_label_en-US" xlink:label="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFourYears_4CAF38F1A8CA4DB9025F2DE96BB9A83B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Leases, Future Minimum Payments, Receivable in Four Years</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:label="loc_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFourYears_4CAF38F1A8CA4DB9025F2DE96BB9A83B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFourYears_4CAF38F1A8CA4DB9025F2DE96BB9A83B" xlink:to="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFourYears_4CAF38F1A8CA4DB9025F2DE96BB9A83B" xlink:type="arc" />
    <link:label id="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFiveYears_88CC5D1A3B0A78C92FAE2DE96BB99665_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFiveYears_88CC5D1A3B0A78C92FAE2DE96BB99665" 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_CapitalLeasesFutureMinimumPaymentsReceivableInFiveYears_88CC5D1A3B0A78C92FAE2DE96BB99665_label_en-US" xlink:label="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFiveYears_88CC5D1A3B0A78C92FAE2DE96BB99665" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital Leases, Future Minimum Payments, Receivable in Five Years</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:label="loc_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFiveYears_88CC5D1A3B0A78C92FAE2DE96BB99665" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFiveYears_88CC5D1A3B0A78C92FAE2DE96BB99665" xlink:to="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFiveYears_88CC5D1A3B0A78C92FAE2DE96BB99665" xlink:type="arc" />
    <link:label id="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableDueThereafter_52CFDC3FEDE56BAE57AB2DE96BB90157_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableDueThereafter_52CFDC3FEDE56BAE57AB2DE96BB90157" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Thereafter</link:label>
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    <link:label id="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivable_D0EAAD980EFAAAF958C82DE96BB9B804_totalLabel_en-US" xlink:label="lab_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivable_D0EAAD980EFAAAF958C82DE96BB9B804" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivable" xlink:label="loc_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivable_D0EAAD980EFAAAF958C82DE96BB9B804" xlink:type="locator" />
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    <link:label id="lab_ftai_RailroadTrackandRelatedAssetsMember_AEED41B05BADAF1B45202DE96BB0F58E_documentation_en-US" xlink:label="lab_ftai_RailroadTrackandRelatedAssetsMember_AEED41B05BADAF1B45202DE96BB0F58E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Railroad Track and Related Assets [Member]</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_RailroadTrackandRelatedAssetsMember_AEED41B05BADAF1B45202DE96BB0F58E" xlink:to="lab_ftai_RailroadTrackandRelatedAssetsMember_AEED41B05BADAF1B45202DE96BB0F58E" xlink:type="arc" />
    <link:label id="lab_ftai_RailcarsandLocomotivesMember_B7FDEFADC4A88628806F2DE96BB0DCA8_terseLabel_en-US" xlink:label="lab_ftai_RailcarsandLocomotivesMember_B7FDEFADC4A88628806F2DE96BB0DCA8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Railcars and locomotives</link:label>
    <link:label id="lab_ftai_RailcarsandLocomotivesMember_B7FDEFADC4A88628806F2DE96BB0DCA8_label_en-US" xlink:label="lab_ftai_RailcarsandLocomotivesMember_B7FDEFADC4A88628806F2DE96BB0DCA8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Railcars and Locomotives [Member]</link:label>
    <link:label id="lab_ftai_RailcarsandLocomotivesMember_B7FDEFADC4A88628806F2DE96BB0DCA8_documentation_en-US" xlink:label="lab_ftai_RailcarsandLocomotivesMember_B7FDEFADC4A88628806F2DE96BB0DCA8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Railcars and Locomotives [Member]</link:label>
    <link:loc xlink:href="ftai-20160630.xsd#ftai_RailcarsandLocomotivesMember" xlink:label="loc_ftai_RailcarsandLocomotivesMember_B7FDEFADC4A88628806F2DE96BB0DCA8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_RailcarsandLocomotivesMember_B7FDEFADC4A88628806F2DE96BB0DCA8" xlink:to="lab_ftai_RailcarsandLocomotivesMember_B7FDEFADC4A88628806F2DE96BB0DCA8" xlink:type="arc" />
    <link:label id="lab_ftai_ComputerHardwareandSoftwareMember_6DDD4C5C1B13799BA2C72DE96BB0C792_terseLabel_en-US" xlink:label="lab_ftai_ComputerHardwareandSoftwareMember_6DDD4C5C1B13799BA2C72DE96BB0C792" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Computer hardware and software</link:label>
    <link:label id="lab_ftai_ComputerHardwareandSoftwareMember_6DDD4C5C1B13799BA2C72DE96BB0C792_label_en-US" xlink:label="lab_ftai_ComputerHardwareandSoftwareMember_6DDD4C5C1B13799BA2C72DE96BB0C792" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Computer Hardware and Software [Member]</link:label>
    <link:label id="lab_ftai_ComputerHardwareandSoftwareMember_6DDD4C5C1B13799BA2C72DE96BB0C792_documentation_en-US" xlink:label="lab_ftai_ComputerHardwareandSoftwareMember_6DDD4C5C1B13799BA2C72DE96BB0C792" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Computer Hardware and Software [Member]</link:label>
    <link:loc xlink:href="ftai-20160630.xsd#ftai_ComputerHardwareandSoftwareMember" xlink:label="loc_ftai_ComputerHardwareandSoftwareMember_6DDD4C5C1B13799BA2C72DE96BB0C792" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_ComputerHardwareandSoftwareMember_6DDD4C5C1B13799BA2C72DE96BB0C792" xlink:to="lab_ftai_ComputerHardwareandSoftwareMember_6DDD4C5C1B13799BA2C72DE96BB0C792" xlink:type="arc" />
    <link:label id="lab_us-gaap_FurnitureAndFixturesMember_24E9E50FBB8DC706D1552DE96BB06A62_terseLabel_en-US" xlink:label="lab_us-gaap_FurnitureAndFixturesMember_24E9E50FBB8DC706D1552DE96BB06A62" 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_24E9E50FBB8DC706D1552DE96BB06A62_label_en-US" xlink:label="lab_us-gaap_FurnitureAndFixturesMember_24E9E50FBB8DC706D1552DE96BB06A62" 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_3B55E2C4FF3531FF74322DE96BB0A9D2_terseLabel_en-US" xlink:label="lab_us-gaap_VehiclesMember_3B55E2C4FF3531FF74322DE96BB0A9D2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vehicles</link:label>
    <link:label id="lab_us-gaap_VehiclesMember_3B55E2C4FF3531FF74322DE96BB0A9D2_label_en-US" xlink:label="lab_us-gaap_VehiclesMember_3B55E2C4FF3531FF74322DE96BB0A9D2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vehicles [Member]</link:label>
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    <link:label id="lab_us-gaap_PublicUtilitiesInventoryReplacementPartsMember_1C4D5260543AF30F69E52DE96BB0CE81_terseLabel_en-US" xlink:label="lab_us-gaap_PublicUtilitiesInventoryReplacementPartsMember_1C4D5260543AF30F69E52DE96BB0CE81" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Spare parts</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PublicUtilitiesInventoryReplacementPartsMember" xlink:label="loc_us-gaap_PublicUtilitiesInventoryReplacementPartsMember_1C4D5260543AF30F69E52DE96BB0CE81" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentGross_6CA559FA89A9676137ED2DE96BB07C1E_terseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentGross_6CA559FA89A9676137ED2DE96BB07C1E" 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_6CA559FA89A9676137ED2DE96BB07C1E_label_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentGross_6CA559FA89A9676137ED2DE96BB07C1E" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentGross_6CA559FA89A9676137ED2DE96BB07C1E" xlink:type="locator" />
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    <link:label id="lab_ftai_AccountingPoliciesTable_45D10042E5835260206B2EDD442E6233_terseLabel_en-US" xlink:label="lab_ftai_AccountingPoliciesTable_45D10042E5835260206B2EDD442E6233" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounting Policies [Table]</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ftai_AccountingPoliciesTable_45D10042E5835260206B2EDD442E6233" xlink:to="lab_ftai_AccountingPoliciesTable_45D10042E5835260206B2EDD442E6233" xlink:type="arc" />
    <link:label id="lab_ftai_WWTAIIESMT6015LtdMember_9AF35A52238740FBAD592EDD442F26FC_terseLabel_en-US" xlink:label="lab_ftai_WWTAIIESMT6015LtdMember_9AF35A52238740FBAD592EDD442F26FC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">MT6015</link:label>
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    <link:loc xlink:href="ftai-20160630.xsd#ftai_WWTAIIESMT6015LtdMember" xlink:label="loc_ftai_WWTAIIESMT6015LtdMember_9AF35A52238740FBAD592EDD442F26FC" xlink:type="locator" />
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    <link:label id="lab_us-gaap_MajorCustomersAxis_AF13E15E56F21C4C95E12EDD442F2BF8_terseLabel_en-US" xlink:label="lab_us-gaap_MajorCustomersAxis_AF13E15E56F21C4C95E12EDD442F2BF8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customer [Axis]</link:label>
    <link:label id="lab_us-gaap_MajorCustomersAxis_AF13E15E56F21C4C95E12EDD442F2BF8_label_en-US" xlink:label="lab_us-gaap_MajorCustomersAxis_AF13E15E56F21C4C95E12EDD442F2BF8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Customer [Axis]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_MajorCustomersAxis" xlink:label="loc_us-gaap_MajorCustomersAxis_AF13E15E56F21C4C95E12EDD442F2BF8" xlink:type="locator" />
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    <link:loc xlink:href="ftai-20160630.xsd#ftai_TwoMajorAccountsReceivableCustomersMember" xlink:label="loc_ftai_TwoMajorAccountsReceivableCustomersMember_29E624E421BBE67D5BED2EDD442F86B7" xlink:type="locator" />
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    <link:label id="lab_ftai_CustomerGroupTwoMember_DF23574CD3F5462180742EDD442F5125_terseLabel_en-US" xlink:label="lab_ftai_CustomerGroupTwoMember_DF23574CD3F5462180742EDD442F5125" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customer Group Two</link:label>
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    <link:label id="lab_ftai_AviationLeasingShippingContainersandOffshoreEnergyMember_6DF8C1A7317CC3F888CB2EDD4431D887_terseLabel_en-US" xlink:label="lab_ftai_AviationLeasingShippingContainersandOffshoreEnergyMember_6DF8C1A7317CC3F888CB2EDD4431D887" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aviation Leasing, Shipping Containers and Offshore Energy</link:label>
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