PROPERTY AND EQUIPMENT AND ASSETS HELD FOR SALE (Tables)

12 Months Ended

Mar. 31, 2017

Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract]

Capital expenditures

During fiscal years 2017, 2016 and 2015, we made capital expenditures as follows:

	Fiscal Year Ended March 31,
	2017		2016		2015
Number of aircraft delivered:
Medium	5		1		6
Large	—		3		10
SAR aircraft	4		4		5
Total aircraft (1)	9		8		21
Capital expenditures (in thousands):
Aircraft and related equipment (2)	$	127,447	$	285,530	$	476,368
Other	7,663		86,845		125,466
Total capital expenditures	$	135,110	$	372,375	$	601,834

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⁽¹⁾  During fiscal year 2016, we took delivery of two aircraft that were purchased using short-term debt borrowings for the final payments of the aircraft. As of March 31, 2017, the short-term borrowings for these aircraft have been paid.

⁽²⁾  During fiscal years 2017, 2016 and 2015, we spent $71.4 million, $202.7 million and $440.9 million, respectively, on progress payments for aircraft to be delivered in future periods.

Sold or disposed of and impairments on assets held for sale

The following table presents details on the aircraft sold or disposed of and impairments on assets held for sale during fiscal years 2017, 2016 and 2015:

	Fiscal Year Ended March 31,
	2017			2016			2015
	(In thousands, except for number of aircraft)
Number of aircraft sold or disposed of (1)	14			35			44
Proceeds from sale or disposal of assets (1)	$	18,471		$	60,035		$	414,859
Gain (loss) from sale or disposal of assets	$	(2,049	)	$	(1,122	)	$	208
Number of aircraft impaired	14			16			27
Impairment charges on aircraft held for sale and construction in progress	$	12,450		$	29,571		$	36,057

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⁽¹⁾  During fiscal years 2016 and 2015, three and 14 of these aircraft, respectively, were sold and leased back and we received $29.2 million and $380.7 million, respectively, in proceeds for the aircraft. We did not enter into any sale leasebacks during fiscal year 2017.