Current report filing

PROPERTY AND EQUIPMENT, ASSETS HELD FOR SALE AND OEM COST RECOVERIES, Sold or Disposed and Impairments (Details)

v3.20.1
PROPERTY AND EQUIPMENT, ASSETS HELD FOR SALE AND OEM COST RECOVERIES, Sold or Disposed and Impairments (Details)
$ in Thousands
 1 Months Ended 3 Months Ended 5 Months Ended 7 Months Ended 9 Months Ended 12 Months Ended
Oct. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Sep. 30, 2018
USD ($)
Mar. 31, 2020
USD ($)
Aircraft
Oct. 31, 2019
USD ($)
Aircraft
Dec. 31, 2018
USD ($)
Mar. 31, 2019
USD ($)
Aircraft
Mar. 31, 2018
USD ($)
Aircraft
Property and. Equipment [Abstract]                
Number of aircraft sold or disposed of | Aircraft       5 3   8 11
Proceeds from asset dispositions       $ 13,845 $ 5,314   $ 13,813 $ 48,740
Deposits on assets held for sale       4,500 0   0 0
Loss on disposal of assets       $ 451 $ 3,768   $ 27,843 $ 17,595
Number of aircraft impaired | Aircraft       0 14   5 8
Impairment charges on aircraft held for sale       $ 0 $ 0   $ 8,149 $ 15,853
Impairment of property and equipment       0 42,022   104,939 [1] 0
Contract termination costs   $ 14,000   0 0   14,699 0
Fresh-start accounting adjustment $ 1,270 [2]     0 768,630   0 0
Property and equipment, net $ 931,700     876,754 931,700   1,834,180  
Bristow Academy                
Property and. Equipment [Abstract]                
Impairment charges on aircraft held for sale               6,500
Aircraft Held for Sale                
Property and. Equipment [Abstract]                
Loss on disposal of assets       451 3,768   4,995 $ 1,742
Aircraft Purchase Contracts                
Property and. Equipment [Abstract]                
Progress payments             11,700  
Capitalized interest             2,300  
Options                
Property and. Equipment [Abstract]                
Progress payments             500  
Capitalized interest             $ 200  
Construction in progress                
Property and. Equipment [Abstract]                
Impairment of property and equipment         30,600      
H225 Aircraft                
Property and. Equipment [Abstract]                
Impairment of property and equipment     $ 87,500 87,500 $ 42,000 $ 87,500    
Property and equipment, net     $ 116,400          
Eastern Airways                
Property and. Equipment [Abstract]                
Impairment of property and equipment       $ 17,500        
[1] Includes impairment of $42.0 million for H225 aircraft for the seven months ended October 31, 2019 (Predecessor). Includes impairment of $87.5 million for H225 aircraft and $17.5 million for Eastern Airways aircraft and equipment for the nine months ended December 31, 2018 (Predecessor).
[2] In connection with the Company's emergence from bankruptcy and the application of ASC 852, the Company adjusted the intangible assets of $1.3 million to its fair value of zero at the Effective Date. See Note 3 for further details on the impact of fresh-start accounting on the Company's consolidated financial statements.