Quarterly report pursuant to Section 13 or 15(d)

EQUIPMENT ACQUISITIONS AND DISPOSITIONS (Tables)

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EQUIPMENT ACQUISITIONS AND DISPOSITIONS (Tables)
 3 Months Ended
Mar. 31, 2013
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Schedule of Significant Acquisitions and Disposals
In addition, the Company recognized previously deferred gains of $0.1 million. Major equipment dispositions for the three months ended March 31, 2013 were as follows:
Light helicopters - twin engine (1)
 
2

Medium helicopters
 
3

Heavy helicopters
 
1

 
 
6


During the three months ended March 31, 2013, the Company recognized a $5.4 million gain on the sale of an Eurocopter EC225 helicopter. The helicopter was previously on contract-lease to a customer and was damaged in an incident in May 2012, and it was subsequently sold to that customer in March 2013 for cash proceeds of $13.1 million and a note receivable of $11.5 million.
During the three months ended March 31, 2013, the Company recognized $2.1 million in insurance proceeds on a Sikorsky S76A helicopter involved in an incident in March 2013, resulting in a gain of $1.2 million.
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(1)    Includes two light-twin helicopters that had previously been removed from service.