Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT (Tables)

v3.20.2
PROPERTY AND EQUIPMENT (Tables)
 6 Months Ended
Sep. 30, 2020
Property, Plant and Equipment [Abstract]  
Capital Expenditures And Aircraft Sold or Disposed of and Impairments on Assets Held-for-sale
The following table presents details on the aircraft sold or disposed of (in thousands, except for number of aircraft):
 
Three Months Ended September 30,
 
 
Six Months Ended September 30,
 
Successor
 
 
Predecessor
 
 
Successor
 
 
Predecessor
 
2020
 
 
2019
 
 
2020
 
 
2019
Number of aircraft sold or disposed of
31

 
 
1

 
 
32

 
 
3

Deposits on assets held for sale
$
3,437

 
 
$
—

 
 
$
3,437

 
 
$
—

Proceeds from sale or disposal of assets (1)
$
40,475

 
 
$
1,799

 
 
$
52,140

 
 
$
5,003

Loss from sale or disposal of assets(2)

$
(8,473
)
 
 
$
(230
)
 
 
$
(2,951
)
 
 
$
(4,017
)
___________________________
(1) 
Includes proceeds received for sale of property and equipment (including aircraft) during each period.
(2) 
Included in loss on disposal of assets on the condensed consolidated statements of operations. Includes gain (loss), net of sale or disposal of property and equipment (including aircraft) during each period. During the three and six months ended September 30, 2020 (Successor), 21 and 22 aircraft, respectively, were sold that were not in assets held for sale respectively.
The Company made capital expenditures as follows (in thousands):
 
Three Months Ended September 30,
 
 
Six Months Ended September 30,
 
Successor
 
 
Predecessor
 
 
Successor
 
 
Predecessor
 
2020
 
 
2019
 
 
2020
 
 
2019
Capital expenditures:
 
 
 
 
 
 
 
 
 
 
Aircraft and equipment
$
4,291

 
 
$
16,074

 
 
$
7,048

 
 
$
22,762

Land and buildings
232

 
 
2,437

 
 
324

 
 
3,188

Total capital expenditures
$
4,523

 
 
$
18,511

 
 
$
7,372

 
 
$
25,950