Asset Disposals

3 Months Ended

Mar. 31, 2017

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Asset Disposals

8. ASSET DISPOSALS

There were no sales or disposals of aircraft during the first quarter of 2017. During the first quarter of 2016, we sold one light aircraft previously utilized in the Oil and Gas segment. Cash proceeds totaled $0.9 million, resulting in a loss on the sale of this asset of $0.4 million. This aircraft no longer met our strategic needs.