Property and Equipment

3 Months Ended

Mar. 31, 2019

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, 2019			December 31, 2018
Flight equipment	$	2,375,190		$	2,340,840
Ground equipment	59,803			57,455
Leasehold improvements, facilities and office equipment	29,365			28,745
Aircraft modifications and projects in progress	108,083			74,449
	2,572,441			2,501,489
Accumulated depreciation	(1,002,601		)	(946,484		)
Property and equipment, net	$	1,569,840		$	1,555,005

CAM owned aircraft with a carrying value of $782.9 million and $803.7 million that were under leases to external customers as of March 31, 2019 and December 31, 2018, respectively.