Note 14 - Subsequent Events

12 Months Ended

Apr. 30, 2019

Notes to Financial Statements

Subsequent Events [Text Block]

1 4 . SUBSEQUENT EVENTS :

In

May 2019,

the Company sold an aircraft for

$975.

The aircraft had a net book value of

$447

at

April 30, 2019

and is listed on the balance sheet as asset held for sale. The resulting gain on sale will be reported in the

first

quarter of

2020.

In

June 2019,

the Company entered into a

two

year lease and a

five

year lease of hangar and office space at the municipal airport in Newton, Kansas. The

two

leases have minimum annual lease payments of

$57

and

$144,

respectively.

The Company evaluated its

April 30, 2019

consolidated financial statements for subsequent events through

July 19, 2019,

the filing date of this report. The Company is

not

aware of any other subsequent events that would require recognition or disclosure in the consolidated financial statements.