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COMMITMENTS AND CONTINGENCIES (Tables)
3 Months Ended
Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]  
Aircraft purchase contracts table
As shown in the table below, we have obligations to make additional capital expenditures over the next seven fiscal years to purchase additional aircraft. As of June 30, 2019, we had 26 aircraft on order and no options to acquire additional aircraft.
 
 
Nine Months Ending March 31, 2020
 
Fiscal Year Ending March 31,
 
 
 
 
2021
 
2022
 
2023
 
2024 and thereafter
 
Total
Commitments as of June 30, 2019:(1)
 
 
 
 
 
 
 
 
 
 
 
 
Number of aircraft:
 
 
 
 
 
 
 
 
 
 
 
 
Large (2)
 

 

 
3

 
4

 
15

 
22

U.K. SAR (3)
 
3

 
1

 

 

 

 
4

 
 
3

 
1

 
3

 
4

 
15

 
26

Related commitment expenditures (in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Large (2)
 
$
3,486

 
$
10,692

 
$
60,657

 
$
77,428

 
$
238,017

 
$
390,280

U.K. SAR (3)
 
60,057

 

 

 

 

 
60,057

 
 
$
63,543

 
$
10,692

 
$
60,657

 
$
77,428

 
$
238,017

 
$
450,337


_____________ 
(1) 
On July 25, 2019, we entered into an amendment to our agreement for the purchase of four AW189 U.K. SAR configuration helicopters. Pursuant to the amendment, the parties mutually agreed to postpone the delivery dates for three helicopters to the second half of fiscal year 2020 and the first quarter of fiscal year 2021. The postponement in deliveries resulted in deferral of approximately $15.0 million in capital expenditures scheduled for fiscal years 2020 into fiscal year 2021. The impact of this amendment is not included in the table above.
(2) 
In October 2019, the Bankruptcy Court approved our agreement with Airbus Helicopters S.A.S. to reject our aircraft purchase contract for 22 large aircraft. This impact of this agreement is not included in the table above.
(3) 
The four AW189 U.K. SAR configured aircraft on order were being leased as of March 31, 2019. One of the AW189s was purchased in August 2019 and one of the AW189s was purchased in October 2019.