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  <xs:element id="ftai_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodFairValue" abstract="false" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedInPeriodFairValue" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_RisksandUncertaintiesPolicyTextBlock" abstract="false" name="RisksandUncertaintiesPolicyTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="ftai_DecreaseinMaintenanceDeposits" abstract="false" name="DecreaseinMaintenanceDeposits" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_QuickTurnEngineCenterLLCMember" abstract="true" name="QuickTurnEngineCenterLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_AccountingPoliciesLineItems" abstract="true" name="AccountingPoliciesLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="ftai_OperatingActivitiesDiscontinuedOperationsOperatingActivitiesAbstract" abstract="true" name="OperatingActivitiesDiscontinuedOperationsOperatingActivitiesAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="ftai_SecurityDepositsAndMaintenanceClaims" abstract="false" name="SecurityDepositsAndMaintenanceClaims" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_OtherAssetsLeaseIncentives" abstract="false" name="OtherAssetsLeaseIncentives" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_EquipmentLeasingRevenuesMember" abstract="true" name="EquipmentLeasingRevenuesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_LessorAcquisitionAndDispositionOfLeasingEquipmentTableTextBlock" abstract="false" name="LessorAcquisitionAndDispositionOfLeasingEquipmentTableTextBlock" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:textBlockItemType"/>
  <xs:element id="ftai_OperatingActivitiesDiscontinuedOperationsInvestingActivitiesAbstract" abstract="true" name="OperatingActivitiesDiscontinuedOperationsInvestingActivitiesAbstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="ftai_AviationLeasingMember" abstract="true" name="AviationLeasingMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_IncentivePlanMember" abstract="true" name="IncentivePlanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_IncentiveDistributionPercentage" abstract="false" name="IncentiveDistributionPercentage" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ftai_A950FixedRateResetSeriesDCumulativePerpetualRedeemablePreferredSharesMember" abstract="true" name="A950FixedRateResetSeriesDCumulativePerpetualRedeemablePreferredSharesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_AmortizationofLeaseIntangiblesandIncentives" abstract="false" name="AmortizationofLeaseIntangiblesandIncentives" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_SeniorNotesDue2025Member" abstract="true" name="SeniorNotesDue2025Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_IncreaseinMaintenanceDeposits" abstract="false" name="IncreaseinMaintenanceDeposits" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_CurrentForeignTaxExpenseBenefitCaymanIslands" abstract="false" name="CurrentForeignTaxExpenseBenefitCaymanIslands" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_AcquisitionofLeaseIntangiblesNet" abstract="false" name="AcquisitionofLeaseIntangiblesNet" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_ProceedsFromSaleOfPropertyPlantAndEquipmentDiscontinuedOperations" abstract="false" name="ProceedsFromSaleOfPropertyPlantAndEquipmentDiscontinuedOperations" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_IncomeIncentiveAllocationThresholdDomain" abstract="true" name="IncomeIncentiveAllocationThresholdDomain" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_Threshold3Member" abstract="true" name="Threshold3Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_InterestExpenseAndDividendsOnPreferredShares" abstract="false" name="InterestExpenseAndDividendsOnPreferredShares" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_AerospaceProductsMember" abstract="true" name="AerospaceProductsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_IncentiveIncomeAllocated" abstract="false" name="IncentiveIncomeAllocated" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_RelatedPartyTransactionIncomeExpensesfromTransactionswithRelatedParty" abstract="false" name="RelatedPartyTransactionIncomeExpensesfromTransactionswithRelatedParty" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_MaintenanceDepositLiability" abstract="false" name="MaintenanceDepositLiability" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_LeasingEquipmentNumberofCommercialJetEnginesAcquired" abstract="false" name="LeasingEquipmentNumberofCommercialJetEnginesAcquired" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="ftai_AccountingPoliciesTable" abstract="true" name="AccountingPoliciesTable" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType"/>
  <xs:element id="ftai_PaymentsToAcquirePropertyPlantAndEquipmentDiscontinuedOperations" abstract="false" name="PaymentsToAcquirePropertyPlantAndEquipmentDiscontinuedOperations" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_LessorOperatingLeasePaymentToBeReceivedAfterYearFour" abstract="false" name="LessorOperatingLeasePaymentToBeReceivedAfterYearFour" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_MaintenanceRightAssets" abstract="false" name="MaintenanceRightAssets" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_OtherAssetsFinanceLeasesNet" abstract="false" name="OtherAssetsFinanceLeasesNet" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_RelatedPartyTransactionIncomeIncentiveAllocationAnnualPercentThresholdofPreIncentiveAllocationNetIncome" abstract="false" name="RelatedPartyTransactionIncomeIncentiveAllocationAnnualPercentThresholdofPreIncentiveAllocationNetIncome" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ftai_LeasingEquipmentNumberofAircraftAcquired" abstract="false" name="LeasingEquipmentNumberofAircraftAcquired" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="ftai_GuarantorObligationsLeaseTerm" abstract="false" name="GuarantorObligationsLeaseTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="ftai_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentLeasingEquipment" abstract="false" name="AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentLeasingEquipment" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_FalconMSN177LLCMember" abstract="true" name="FalconMSN177LLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_AerospaceProductsRevenueMember" abstract="true" name="AerospaceProductsRevenueMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_PostIPOManagementFeesMember" abstract="true" name="PostIPOManagementFeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_DecreaseinSecurityDeposits" abstract="false" name="DecreaseinSecurityDeposits" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_OwnershipPercentagebyManager" abstract="false" name="OwnershipPercentagebyManager" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ftai_AdvancedEngineRepairJVMember" abstract="true" name="AdvancedEngineRepairJVMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_RelatedPartyTransactionIncomeIncentiveAllocationQuarterlyPercentThresholdofPreIncentiveAllocationNetIncome" abstract="false" name="RelatedPartyTransactionIncomeIncentiveAllocationQuarterlyPercentThresholdofPreIncentiveAllocationNetIncome" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
  <xs:element id="ftai_Threshold2Member" abstract="true" name="Threshold2Member" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_DisposalGroupIncludingDiscontinuedOperationManagementFeesAndIncentiveAllocationToAffiliate" abstract="false" name="DisposalGroupIncludingDiscontinuedOperationManagementFeesAndIncentiveAllocationToAffiliate" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_IncomeLossFromEquityMethodInvestmentsDiscontinuedOperations" abstract="false" name="IncomeLossFromEquityMethodInvestmentsDiscontinuedOperations" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_PaymentsForAdvanceToAffiliateDiscontinuedOperations" abstract="false" name="PaymentsForAdvanceToAffiliateDiscontinuedOperations" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_ShareBasedPaymentArrangementExpenseIncludingDiscontinuedOperations" abstract="false" name="ShareBasedPaymentArrangementExpenseIncludingDiscontinuedOperations" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_LongRidgeTerminalLLCMember" abstract="true" name="LongRidgeTerminalLLCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_AdjustedNetIncomeLossAttributabletoNonControllingInterest" abstract="false" name="AdjustedNetIncomeLossAttributabletoNonControllingInterest" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_PropertyPlantAndEquipmentLeasingEquipment" abstract="false" name="PropertyPlantAndEquipmentLeasingEquipment" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_ManagementFeesMember" abstract="true" name="ManagementFeesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="ftai_DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations" abstract="false" name="DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_NoncashChangeInEquityMethodInvestment" abstract="false" name="NoncashChangeInEquityMethodInvestment" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="ftai_OperatingActivitiesDiscontinuedOperationsNoncashDepreciationAndAmortization" abstract="false" name="OperatingActivitiesDiscontinuedOperationsNoncashDepreciationAndAmortization" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
</xs:schema>
