Property and Equipment

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

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



	March 31, 2017			December 31, 2016
Flight equipment	$	1,546,545		$	1,541,872
Ground equipment	49,348			49,229
Leasehold improvements, facilities and office equipment	28,081			27,364
Aircraft modifications and projects in progress	188,392			113,518
	1,812,366			1,731,983
Accumulated depreciation	(754,489		)	(730,991		)
Property and equipment, net	$	1,057,877		$	1,000,992

CAM owned aircraft with a carrying value of $558.7 million and $524.3 million that were under leases to external customers as of March 31, 2017 and December 31, 2016, respectively.