Property and Equipment

9 Months Ended

Sep. 30, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

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):

	September 30, 2015			December 31, 2014
Flight equipment	$	1,337,091		$	1,285,966
Ground equipment	34,675			33,677
Leasehold improvements, facilities and office equipment	25,171			25,180
Aircraft modifications and projects in progress	53,112			18,612
	1,450,049			1,363,435
Accumulated depreciation	(581,152		)	(516,167		)
Property and equipment, net	$	868,897		$	847,268

CAM owned aircraft with a carrying value of $338.0 million and $289.5 million that were under leases to external customers as of September 30, 2015 and December 31, 2014, respectively.

The carrying value of Boeing 727 and DC-8 freighter aircraft and engines available for sale totaled $0.4 million and $0.7 million as of September 30, 2015 and December 31, 2014, respectively.