Note 5 — Inventory

The summary of inventories is as follows:

	November 30,		May 31,
	2015		2015
Raw materials and parts	$	41.9	$	43.1
Work-in-process	18.2		18.1
Aircraft and engine parts, components and finished goods	365.3		337.0
Aircraft held for sale and related support parts	36.7		57.8

	$	462.1	$	456.0

We had nine aircraft held for sale comprised of five fixed-wing and four rotary-wing aircraft at November 30, 2015 and eleven aircraft held for sale comprised of five fixed-wing and six rotary-wing aircraft at May 31, 2015. During the fourth quarter of fiscal 2015, we entered into a sale-leaseback transaction for our two S-92 rotary-wing aircraft. We received proceeds of $40.3 million in fiscal 2015 which were deferred as a sale-leaseback advance pending completion of the sale transactions. During the three months ended November 30, 2015, we completed the sale of one of the S-92 aircraft.