April 30 (Reuters) - Fortress Transportation and Infrastructure Investors LLC/Air France:
* Agreement in which FTAI has agreed to purchase and leaseback 16 aircraft from Air France for an average term of 34 months
* The aircraft are six A319s and ten A318s all powered by CFM56-5B engines.
* The transaction is expected to close in May 2020. (Reporting by Sudip Kar-Gupta)