PROPERTY AND EQUIPMENT AND ASSETS HELD FOR SALE (Tables)

12 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

During fiscal years 2015, 2014 and 2013, we made capital expenditures as follows:



	Fiscal Year Ended March 31,
	2015		2014		2013
Number of aircraft delivered:
Medium	7		10		2
Large	14		11		17
Total aircraft	21		21		19

Capital expenditures (in thousands):
Aircraft and related equipment ⁽¹⁾	$	476,368	$	563,724	$	504,329
Other	125,466		64,889		67,096
Total capital expenditures ⁽²⁾	$	601,834	$	628,613	$	571,425

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⁽¹⁾	During fiscal years 2015, 2014 and 2013, we spent $440.9 million, $529.4 million and $312.7 million, respectively, on construction in progress which primarily represents progress payments on aircraft to be delivered in future periods.


⁽²⁾	During fiscal year 2013, we paid $190.9 million for aircraft and facilities used by Cougar.

PROPERTY SOLD AND DISPOSED [Table Text Block]

Additionally, the following tables present details on the aircraft sold or disposed of and impairments on assets held for sale during fiscal years 2015, 2014 and 2013:



	Fiscal Year Ended March 31,
	2015		2014		2013
	(In thousands, except for number of aircraft)

Number of aircraft sold or disposed of ⁽¹⁾	44		46		27
Proceeds from sale or disposal of assets ⁽¹⁾	$	414,859	$	289,951	$	314,847
Gain from sale or disposal of assets	$	208	$	6,092	$	3,708

Number of aircraft impaired	27		11		10
Impairment charges on aircraft held for sale and construction in progress ⁽²⁾	$	36,057	$	6,814	$	4,362

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⁽¹⁾	During fiscal years 2015, 2014 and 2013, respectively, 14, 14 and 11 of these aircraft sold were leased back and we received $380.7 million, $246.4 million and $255.8 million in proceeds for the aircraft.


⁽²⁾	Fiscal year 2013 includes a gain related to four large aircraft reclassified from held for sale to aircraft and equipment as they were returned to operational status as a result of the issues associated with the Airbus Helicopters H225 Super Puma helicopters and reversed previously recorded impairment charges of $8.7 million.