| Capital Expenditures And Aircraft Sold or Disposed of and Impairments on Assets Held-for-sale |
The Company made capital expenditures as follows (in thousands, except number of aircraft):
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Three Months Ended December 31, 2020 |
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Two Months Ended
December 31, 2019 |
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One Month Ended
October 31, 2019 |
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Successor |
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Predecessor |
| Number of aircraft delivered: |
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SAR aircraft (1)
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— |
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2 |
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1 |
| Total aircraft |
— |
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2 |
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1 |
| Capital expenditures: |
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| Aircraft and equipment |
$ |
3,564 |
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$ |
32,109 |
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$ |
15,624 |
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| Land and buildings |
296 |
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33 |
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— |
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| Total capital expenditures |
$ |
3,860 |
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$ |
32,142 |
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$ |
15,624 |
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Nine Months Ended December 31, 2020 |
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Two Months Ended
December 31, 2019 |
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Seven Months Ended
October 31, 2019 |
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Successor |
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Predecessor |
| Number of aircraft delivered: |
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SAR aircraft (1)
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— |
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2 |
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2 |
| Total aircraft |
— |
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2 |
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2 |
| Capital expenditures: |
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| Aircraft and equipment |
$ |
10,612 |
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$ |
32,109 |
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$ |
38,386 |
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| Land and buildings |
620 |
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33 |
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3,188 |
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| Total capital expenditures |
$ |
11,232 |
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$ |
32,142 |
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$ |
41,574 |
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___________________
(1)U. K. SAR configured AW189.
The following table presents details on the aircraft sold or disposed of (in thousands, except for number of aircraft):
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Three Months Ended December 31, 2020 |
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Two Months Ended
December 31, 2019 |
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One Month Ended
October 31, 2019 |
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Successor |
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Predecessor |
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Number of aircraft sold or disposed of |
14 |
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— |
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— |
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| Proceeds from sale or disposal of assets |
$ |
14,361 |
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$ |
204 |
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$ |
311 |
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| Gain (loss) from sale or disposal of assets |
$ |
1,951 |
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$ |
(154) |
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$ |
249 |
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Fresh-start accounting adjustment (1)
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$ |
— |
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$ |
— |
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$ |
768,630 |
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Nine Months Ended December 31, 2020 |
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Two Months Ended
December 31, 2019 |
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Seven Months Ended
October 31, 2019 |
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Successor |
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Predecessor |
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Number of aircraft sold or disposed of |
46 |
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— |
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3 |
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| Proceeds from sale or disposal of assets |
$ |
66,501 |
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$ |
204 |
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$ |
5,314 |
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| Loss from sale or disposal of assets |
$ |
(1,000) |
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$ |
(154) |
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$ |
(3,768) |
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Fresh-start accounting adjustment (1)
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$ |
— |
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$ |
— |
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$ |
768,630 |
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___________________________
(1)In connection with the Company’s emergence from bankruptcy and the application of ASC 852, the Company adjusted property and equipment by $768.6 million to its respective fair value of $931.7 million at the Effective Date.
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