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BASIS OF PRESENTATION, CONSOLIDATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Dec. 31, 2014
Operations, Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]  
Schedule of Foreign Exchange Rate [Table Text Block]
The value of these currencies has fluctuated relative to the U.S. dollar as indicated in the following table:
 
 
 
Three Months Ended 
 December 31,
 
Nine Months Ended 
 December 31,
 
 
 
 
2014
 
2013
 
2014
 
2013
 
 
One British pound sterling into U.S. dollars
 
 
 
 
 
 
 
 
 
 
High
 
1.62

 
1.65

 
1.72

 
1.65

 
 
Average
 
1.58

 
1.62

 
1.64

 
1.57

 
 
Low
 
1.55

 
1.59

 
1.55

 
1.48

 
 
At period-end
 
1.56

 
1.65

 
1.56

 
1.65

 
 
One euro into U.S. dollars
 
 
 
 
 
 
 
 
 
 
High
 
1.28

 
1.38

 
1.39

 
1.38

 
 
Average
 
1.25

 
1.36

 
1.31

 
1.33

 
 
Low
 
1.21

 
1.34

 
1.21

 
1.28

 
 
At period-end
 
1.21

 
1.38

 
1.21

 
1.38

 
 
One Australian dollar into U.S. dollars
 
 
 
 
 
 
 
 
 
 
High
 
0.89

 
0.97

 
0.95

 
1.07

 
 
Average
 
0.85

 
0.93

 
0.90

 
0.95

 
 
Low
 
0.81

 
0.89

 
0.81

 
0.89

 
 
At period-end
 
0.82

 
0.89

 
0.82

 
0.89

 
 
One Norwegian kroner into U.S. dollars
 
 
 
 
 
 
 
 
 
 
High
 
0.1554

 
0.1698

 
0.1698

 
0.1753

 
 
Average
 
0.1458

 
0.1652

 
0.1577

 
0.1680

 
 
Low
 
0.1336

 
0.1614

 
0.1336

 
0.1601

 
 
At period-end
 
0.1345

 
0.1634

 
0.1345

 
0.1634

 
 
One Nigerian naira into U.S. dollars
 
 
 
 
 
 
 
 
 
 
High
 
0.0062

 
0.0064

 
0.0063

 
0.0065

 
 
Average
 
0.0059

 
0.0063

 
0.0061

 
0.0063

 
 
Low
 
0.0054

 
0.0062

 
0.0054

 
0.0061

 
 
At period-end
 
0.0055

 
0.0063

 
0.0055

 
0.0063

 

______
Source: Bank of England and Oanda.com
The value of the Brazilian real has fluctuated relative to the U.S. dollar as indicated in the following table:
 
 
 
Three Months Ended 
 December 31,
 
Nine Months Ended 
 December 31,
 
 
 
 
2014
 
2013
 
2014
 
2013
 
 
One Brazilian real into U.S. dollars
 
 
 
 
 
 
 
 
 
 
High
 
0.4204

 
0.4631

 
0.4572

 
0.5123

 
 
Average
 
0.3944

 
0.4406

 
0.4284

 
0.4547

 
 
Low
 
0.3673

 
0.4197

 
0.3673

 
0.4093

 
 
At period-end
 
0.3731

 
0.4258

 
0.3731

 
0.4258

 
______
Source: Oanda.com
Schedule of Foreign Exchange Impact [Table Text Block]
We estimate that the fluctuation of currencies versus the same period in the prior fiscal year had the following effect on our financial condition and results of operations (in thousands):
 
 
 
Three Months Ended 
 December 31, 2014
 
Nine Months Ended 
 December 31, 2014
 
 
Revenue
 
$
(15,518
)
 
$
4,337

 
 
Operating expense
 
12,496

 
387

 
 
Earnings from unconsolidated affiliates, net of losses
 
(5,316
)
 
(11,214
)
 
 
Non-operating expense
 
(4,032
)
 
(5,153
)
 
 
Loss before benefit for income taxes
 
(12,370
)
 
(11,643
)
 
 
Benefit for income taxes
 
2,598

 
2,445

 
 
Net loss
 
(9,772
)
 
(9,198
)
 
 
Cumulative translation adjustment
 
(17,794
)
 
(28,276
)
 
 
Total stockholders’ investment
 
$
(27,566
)
 
$
(37,474
)
 
Interest Income and Interest Expense Disclosure [Table Text Block]
During the three and nine months ended December 31, 2014 and 2013, interest expense, net consisted of the following (in thousands):
 
 
Three Months Ended 
 December 31,
 
Nine Months Ended 
 December 31,
 
 
 
2014
 
2013
 
2014
 
2013
 
 
Interest income
$
118

 
$
407

 
$
740

 
$
1,288

 
 
Interest expense
(7,094
)
 
(7,253
)
 
(22,415
)
 
(36,701
)
 
 
Interest expense, net
$
(6,976
)
 
$
(6,846
)
 
$
(21,675
)
 
$
(35,413
)
 
Capital expenditures [Table Text Block]
During the three and nine months ended December 31, 2014 and 2013, we made capital expenditures as follows:
 
 
Three Months Ended 
 December 31,
 
Nine Months Ended 
 December 31,
 
 
2014

2013
 
2014

2013
 
Number of aircraft delivered:
 
 
 
 
 
 
 
 
Medium
2

 
3

 
5

 
8

 
Large
4

 
4

 
12

 
9

 
Total aircraft
6

 
7

 
17

 
17

 
Capital expenditures (in thousands):
 
 
 
 
 
 
 
 
Aircraft and related equipment (1)
$
165,269

 
$
171,874

 
$
402,753

 
$
484,754

 
Other
31,897

 
14,615

 
96,532

 
41,294

 
Total capital expenditures
$
197,166

 
$
186,489

 
$
499,285

 
$
526,048


_____________ 
(1) 
During the three months ended December 31, 2014 and 2013, we spent $159.2 million and $160.4 million, respectively, and during the nine months ended December 31, 2014 and 2013, we spent $383.4 million and $460.9 million, respectively, on construction in progress, which primarily represents progress payments on aircraft to be delivered in future periods.
Aircraft Sales And Impairments [Table Text Block]
The following table presents details on the aircraft sold or disposed of and impairments on assets held for sale during the three and nine months ended December 31, 2014 and 2013:
 
 
Three Months Ended 
 December 31,
 
Nine Months Ended 
 December 31,
 
 
2014
 
2013
 
2014
 
2013
 
 
(In thousands, except for number of aircraft)
 
 
 
 
 
 
 
 
 
 
Number of aircraft sold or disposed of (1)
3

 
17

 
26

 
32

 
Proceeds from sale or disposal of assets (1)
$
6,717

 
$
89,264

 
$
404,361

 
$
244,867

 
Gain (loss) from sale or disposal of assets
$
(717
)
 
$
5,216

 
$
3,157

 
$
2,611

 
 
 
 
 
 
 
 
 
 
Number of aircraft impaired
12

 
3

 
18

 
6

 
Impairment charges on aircraft held for sale
$
(25,614
)
 
$
(1,234
)
 
$
(28,751
)
 
$
(3,414
)
_____________ 
(1) 
During the nine months ended December 31, 2014, 14 of these aircraft were leased back, and we received $380.7 million in proceeds for the aircraft. During the three and nine months ended December 31, 2013, 6 and 13 of these aircraft were leased back, respectively, and we received $72.3 million and $217.9 million, respectively, in proceeds for these aircraft. We did not enter into any sale leaseback transactions during the three months ended December 31, 2014.