PROPERTY AND EQUIPMENT AND ASSETS HELD FOR SALE (Tables)

12 Months Ended

Mar. 31, 2016

Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract]

Capital expenditures

During fiscal years 2016, 2015 and 2014, we made capital expenditures as follows:

	Fiscal Year Ended March 31,
	2016		2015		2014
Number of aircraft delivered:
Medium	1		6		8
Large	3		10		11
SAR aircraft	4		5		2
Total aircraft (2)	8		21		21
Capital expenditures (in thousands):
Aircraft and related equipment (1)	$	285,530	$	476,368	$	563,724
Other	86,845		125,466		64,889
Total capital expenditures	$	372,375	$	601,834	$	628,613

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⁽¹⁾  During fiscal years 2016, 2015 and 2014, we spent $202.7 million, $440.9 million and $529.4 million, respectively, on progress payments for aircraft to be delivered in future periods.

⁽²⁾  During fiscal year 2016, we took delivery of two aircraft that were purchased using short-term debt borrowings for the final payments of the aircrafts.

Sold or disposed of and impairments on assets held for sale

The following table presents details on the aircraft sold or disposed of and impairments on assets held for sale during fiscal years 2016, 2015 and 2014:

	Fiscal Year Ended March 31,
	2016			2015		2014
	(In thousands, except for number of aircraft)
Number of aircraft sold or disposed of (1)	35			44		46
Proceeds from sale or disposal of assets (1)	$	60,035		$	414,859	$	289,951
Gain (loss) from sale or disposal of assets	$	(1,122	)	$	208	$	6,092
Number of aircraft impaired	16			27		11
Impairment charges on aircraft held for sale and construction in progress	$	29,571		$	36,057	$	6,814

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⁽¹⁾  During fiscal years 2016, 2015 and 2014, three, 14 and 14 of these aircraft, respectively, were sold and leased back and we received $29.2 million, $380.7 million and $246.4 million, respectively, in proceeds for the aircraft.