Summary of Financial Statement Preparation and Signficant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Depreciable lives are summarized as follows:



Boeing 727 and DC-8 aircraft and flight equipment	1 year
Boeing 767 and 757 aircraft and flight equipment	10 to 20 years
Support equipment	5 to 10 years
Vehicles and other equipment	3 to 8 years

Property and equipment, to be held and used, is summarized as follows (in thousands):



	June 30, 2012			December 31, 2011
Aircraft and flight equipment	$	1,073,054		$	1,012,000
Support equipment	51,499			51,297
Vehicles and other equipment	1,577			1,589
Leasehold improvements	754			714
	1,126,884			1,065,600
Accumulated depreciation	(348,771		)	(316,687		)
Property and equipment, net	$	778,113		$	748,913

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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