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Fortress Transportation and Infrastructure Investors LLC Announces Launch of Initial Public Offering

NEW YORK, May 4, 2015 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC ("FTAI" or the "Company") today announced an initial public offering of 20,000,000 common shares, representing limited liability company interests, pursuant to a registration statement on Form S-1 (including a prospectus) previously filed with the U.S. Securities and Exchange Commission ("SEC"). The current expected initial public offering price is between $19.00 and $21.00 per share. The underwriters have been granted a 30-day option to purchase up to 3,000,000 additional common shares. The common shares of the Company will be listed on the New York Stock Exchange under the symbol "FTAI".

FTAI was formed to own and acquire high quality infrastructure and equipment that is essential for the transportation of goods and people globally. The Company intends to use the net proceeds from this offering, together with other sources of capital and liquidity, for the acquisition of infrastructure and equipment assets in its target sectors—aviation, energy, intermodal transport and rail—as well as to opportunistically acquire assets across the transportation and transportation-related infrastructure and equipment market. In addition, the Company intends to use the net proceeds for follow-on investments in existing assets, working capital and other general corporate purposes.

Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Deutsche Bank Securities Inc. and UBS Securities LLC are acting as joint book-running managers for the proposed offering. JMP Securities LLC, Raymond James & Associates, Inc., Stephens Inc. and WR Securities, LLC are acting as co-managers for the proposed offering.

The offering will be made only by means of a prospectus. When available, potential investors may obtain a copy of the preliminary prospectus related to the offering from:

Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (800) 831-9146

Merrill Lynch, Pierce, Fenner & Smith Incorporated
222 Broadway
New York, NY 10038
Attn: Prospectus Department
Email: dg.prospectus_requests@baml.com

Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Email: barclaysprospectus@broadridge.com
Telephone: (888) 603-5847

Deutsche Bank Securities Inc.
60 Wall Street
New York, NY 10005
Attn: Prospectus Group
Email: prospectus.cpdg@db.com
Telephone: (800) 503-4611

UBS Securities LLC
1285 Avenue of the Americas
New York, NY 10019
Attn: Prospectus Department
Telephone: (888) 827-7275

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The statements in this press release that are not historical facts may be forward-looking statements. Such forward looking statements, based upon the current beliefs and expectations of FTAIs' management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Accordingly, readers should not place undue reliance on forward-looking statements as a prediction of actual results. For more information concerning factors that could cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the "Risk Factors" section of the prospectus included in the registration statement, in the form last filed with the SEC. FTAI does not assume any obligation to update the information contained in this press release.

About Fortress Transportation and Infrastructure Investors LLC

Fortress Transportation and Infrastructure Investors LLC owns and acquires high quality infrastructure and equipment that is essential for the transportation of goods and people globally. FTAI targets assets that, on a combined basis, generate strong and stable cash flows with the potential for earnings growth and asset appreciation. FTAI is externally managed by FIG LLC, an affiliate of Fortress, a leading, diversified global investment firm.

CONTACT: For further information, please contact: Alan Andreini Investor Relations Fortress Transportation and Infrastructure Investors LLC (212) 798-6128 aandreini@fortress.com

Source:Fortress Transportation and Infrastructure Investors LLC