Property and Equipment

3 Months Ended

Mar. 31, 2014

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

The Company's property and equipment consists primarily of cargo aircraft, aircraft engines and flight equipment. Property and equipment, to be held and used, is summarized as follows (in thousands):



	March 31, 2014			December 31, 2013
Aircraft and flight equipment	$	1,238,297		$	1,236,225
Support equipment	51,319			51,179
Vehicles and other equipment	1,787			1,771
Leasehold improvements	1,134			1,154
	1,292,537			1,290,329
Accumulated depreciation	(475,096		)	(452,157		)
Property and equipment, net	$	817,441		$	838,172

CAM owned aircraft with a carrying value of $256.6 million and $250.9 million that were under leases to external customers as of March 31, 2014 and December 31, 2013, respectively.

The carrying value of Boeing 727 and DC-8 freighter aircraft and engines available for sale totaled $2.5 million and $3.0 million as of March 31, 2014 and December 31, 2013, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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