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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS - Unaudited Condensed Consolidated Statement of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jul. 21, 2021
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES:                  
Net loss   $ (148,838) $ (92,760) $ (89,040) $ (59,455) $ (28,954) $ (32,213) $ (330,637) $ (120,622)
Adjustments to reconcile net loss to net cash used in operating activities:                  
Depreciation and amortization               46,862  
Amortization of deferred financing costs and debt discount   0     0     0 618
Equity-based compensation               65,839 30,668
Fair Value Adjustment of Warrants   2,504     12,271     8,265 12,271
Provision for expected credit losses               0  
Provision for (recovery of) expected credit losses               (489) 1,163
Gain on sale of aircraft held for sale               (3,950)  
Loss on extinguishment of debt   0     2,379     0 2,379
Impairment of goodwill   62,000     0     62,000 0
Changes in operating assets and liabilities, net of effects from acquisitions:                  
Accounts receivable               (31,474) (9,074)
Other receivables               (859) (1,906)
Parts and supplies inventories               (8,544) (2,749)
Aircraft inventory               (33,231) 0
Prepaid expenses               (8,065) (11,673)
Other current assets               (2,477) 0
Other non-current assets               (27,534) (256)
Operating lease liabilities, net               (624) (1,414)
Accounts payable               (2,885) 11,807
Accrued expenses               (1,131) (9,742)
Other current liabilities               812 (1,037)
Other non-current liabilities               (1,036) 131
Deferred revenue               (2,653) (69,390)
Net cash used in operating activities               (288,341) (152,416)
INVESTING ACTIVITIES:                  
Purchases of property and equipment               (80,039) (6,683)
Purchases of aircraft held for sale               (39,894) 0
Proceeds from sale of aircraft held for sale, net               41,833 0
Acquisitions of businesses, net of cash acquired               (75,093) 7,844
Capitalized software development costs               (18,532) (9,589)
Net cash used in investing activities               (171,725) (8,428)
FINANCING ACTIVITIES:                  
Proceeds from stock option exercises               0 1,332
Purchase of Shares for Treasury               (7,347) 0
Proceeds from Business Combination and PIPE Investment               0 656,304
Transaction costs in connection with the Business Combination and PIPE Investment               0 (70,406)
Proceeds from long-term debt               0  
Repayments of long-term debt $ (175,500)             0 (213,934)
Repayment of loans to employees               0 102
Net cash provided by (used in) financing activities               (7,347) 373,398
Effect of exchange rate changes on cash, cash equivalents and restricted cash               (7,395) 0
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH               (474,808) 212,554
CASH, CASH EQUIVALENTS AND RESTRICTED CASH BEGINNING OF PERIOD       786,722     $ 324,876 786,722 324,876
CASH, CASH EQUIVALENTS AND RESTRICTED CASH END OF PERIOD   311,914     $ 537,430     311,914 $ 537,430
As Reported                  
OPERATING ACTIVITIES:                  
Net loss   (86,838)           (268,637)  
Adjustments to reconcile net loss to net cash used in operating activities:                  
Depreciation and amortization               46,862  
Amortization of deferred financing costs and debt discount               0  
Equity-based compensation               65,839  
Fair Value Adjustment of Warrants   2,504           8,265  
Provision for expected credit losses               0  
Provision for (recovery of) expected credit losses               (489)  
Gain on sale of aircraft held for sale               (3,950)  
Loss on extinguishment of debt   0           0  
Impairment of goodwill   0           0  
Changes in operating assets and liabilities, net of effects from acquisitions:                  
Accounts receivable               (31,474)  
Other receivables               (859)  
Parts and supplies inventories               (8,544)  
Aircraft inventory               (33,231)  
Prepaid expenses               (8,065)  
Other current assets               (2,477)  
Other non-current assets               (27,534)  
Operating lease liabilities, net               (624)  
Accounts payable               (2,885)  
Accrued expenses               (1,131)  
Other current liabilities               812  
Other non-current liabilities               (1,036)  
Deferred revenue               (2,653)  
Net cash used in operating activities               (288,341)  
INVESTING ACTIVITIES:                  
Purchases of property and equipment               (80,039)  
Purchases of aircraft held for sale               (39,894)  
Proceeds from sale of aircraft held for sale, net               41,833  
Acquisitions of businesses, net of cash acquired               (75,093)  
Capitalized software development costs               (18,532)  
Net cash used in investing activities               (171,725)  
FINANCING ACTIVITIES:                  
Proceeds from stock option exercises               0  
Purchase of Shares for Treasury               (7,347)  
Proceeds from Business Combination and PIPE Investment               0  
Transaction costs in connection with the Business Combination and PIPE Investment               0  
Proceeds from long-term debt               0  
Repayments of long-term debt               0  
Repayment of loans to employees               0  
Net cash provided by (used in) financing activities               (7,347)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash               (7,395)  
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH               (474,808)  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH BEGINNING OF PERIOD       $ 786,722       786,722  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH END OF PERIOD   311,914           311,914  
Adjustments                  
OPERATING ACTIVITIES:                  
Net loss   (62,000)           (62,000)  
Adjustments to reconcile net loss to net cash used in operating activities:                  
Fair Value Adjustment of Warrants              
Loss on extinguishment of debt              
Impairment of goodwill   62,000           62,000  
Changes in operating assets and liabilities, net of effects from acquisitions:                  
Net cash used in operating activities               0  
INVESTING ACTIVITIES:                  
Net cash used in investing activities               0  
FINANCING ACTIVITIES:                  
Net cash provided by (used in) financing activities               0  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH END OF PERIOD   $ 0           $ 0