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Special charges | 6 Months Ended
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Jun. 30, 2014
Special charges |
Special charges | Note J — Special charges In connection with the acquisition of ExpressJet Delaware, the Company acquired an aircraft paint facility in Saltillo, Mexico, and recorded a foreign value added tax (VAT) asset attributed to the paint facility. The realizability of the VAT asset is dependent upon the Company’s future utilization of the facility. During the three months ended June 30, 2014, the Company wrote-off the VAT asset value of $2.5 million as the Company is no longer using the paint facility. Additionally, the Company is actively marketing the paint facility for sale and during the three months ended June 30, 2014, based on the Company’s estimated realizable value of the facility, the Company wrote down the value of the paint facility by $2.2 million.

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