BASIS OF PRESENTATION, CONSOLIDATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Dec. 31, 2014

Operations, Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]

Schedule of Foreign Exchange Rate [Table Text Block]

The value of these currencies has fluctuated relative to the U.S. dollar as indicated in the following table:



	Three Months Ended December 31,		Nine Months Ended December 31,
	2014	2013	2014	2013
One British pound sterling into U.S. dollars
High	1.62	1.65	1.72	1.65
Average	1.58	1.62	1.64	1.57
Low	1.55	1.59	1.55	1.48
At period-end	1.56	1.65	1.56	1.65
One euro into U.S. dollars
High	1.28	1.38	1.39	1.38
Average	1.25	1.36	1.31	1.33
Low	1.21	1.34	1.21	1.28
At period-end	1.21	1.38	1.21	1.38
One Australian dollar into U.S. dollars
High	0.89	0.97	0.95	1.07
Average	0.85	0.93	0.90	0.95
Low	0.81	0.89	0.81	0.89
At period-end	0.82	0.89	0.82	0.89
One Norwegian kroner into U.S. dollars
High	0.1554	0.1698	0.1698	0.1753
Average	0.1458	0.1652	0.1577	0.1680
Low	0.1336	0.1614	0.1336	0.1601
At period-end	0.1345	0.1634	0.1345	0.1634
One Nigerian naira into U.S. dollars
High	0.0062	0.0064	0.0063	0.0065
Average	0.0059	0.0063	0.0061	0.0063
Low	0.0054	0.0062	0.0054	0.0061
At period-end	0.0055	0.0063	0.0055	0.0063

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Source: Bank of England and Oanda.com

The value of the Brazilian real has fluctuated relative to the U.S. dollar as indicated in the following table:



	Three Months Ended December 31,		Nine Months Ended December 31,
	2014	2013	2014	2013
One Brazilian real into U.S. dollars
High	0.4204	0.4631	0.4572	0.5123
Average	0.3944	0.4406	0.4284	0.4547
Low	0.3673	0.4197	0.3673	0.4093
At period-end	0.3731	0.4258	0.3731	0.4258

______

Source: Oanda.com

Schedule of Foreign Exchange Impact [Table Text Block]

We estimate that the fluctuation of currencies versus the same period in the prior fiscal year had the following effect on our financial condition and results of operations (in thousands):



	Three Months Ended December 31, 2014			Nine Months Ended December 31, 2014
Revenue	$	(15,518	)	$	4,337
Operating expense	12,496			387
Earnings from unconsolidated affiliates, net of losses	(5,316		)	(11,214		)
Non-operating expense	(4,032		)	(5,153		)
Loss before benefit for income taxes	(12,370		)	(11,643		)
Benefit for income taxes	2,598			2,445
Net loss	(9,772		)	(9,198		)
Cumulative translation adjustment	(17,794		)	(28,276		)
Total stockholders’ investment	$	(27,566	)	$	(37,474	)

Interest Income and Interest Expense Disclosure [Table Text Block]

During the three and nine months ended December 31, 2014 and 2013, interest expense, net consisted of the following (in thousands):



	Three Months Ended December 31,						Nine Months Ended December 31,
	2014			2013			2014			2013
Interest income	$	118		$	407		$	740		$	1,288
Interest expense	(7,094		)	(7,253		)	(22,415		)	(36,701		)
Interest expense, net	$	(6,976	)	$	(6,846	)	$	(21,675	)	$	(35,413	)

Capital expenditures [Table Text Block]

During the three and nine months ended December 31, 2014 and 2013, we made capital expenditures as follows:



	Three Months Ended December 31,				Nine Months Ended December 31,
	2014		2013		2014		2013
Number of aircraft delivered:
Medium	2		3		5		8
Large	4		4		12		9
Total aircraft	6		7		17		17
Capital expenditures (in thousands):
Aircraft and related equipment ⁽¹⁾	$	165,269	$	171,874	$	402,753	$	484,754
Other	31,897		14,615		96,532		41,294
Total capital expenditures	$	197,166	$	186,489	$	499,285	$	526,048

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⁽¹⁾	During the three months ended December 31, 2014 and 2013, we spent $159.2 million and $160.4 million, respectively, and during the nine months ended December 31, 2014 and 2013, we spent $383.4 million and $460.9 million, respectively, on construction in progress, which primarily represents progress payments on aircraft to be delivered in future periods.

Aircraft Sales And Impairments [Table Text Block]

The following table presents details on the aircraft sold or disposed of and impairments on assets held for sale during the three and nine months ended December 31, 2014 and 2013:



	Three Months Ended December 31,						Nine Months Ended December 31,
	2014			2013			2014			2013
	(In thousands, except for number of aircraft)

Number of aircraft sold or disposed of ⁽¹⁾	3			17			26			32
Proceeds from sale or disposal of assets ⁽¹⁾	$	6,717		$	89,264		$	404,361		$	244,867
Gain (loss) from sale or disposal of assets	$	(717	)	$	5,216		$	3,157		$	2,611

Number of aircraft impaired	12			3			18			6
Impairment charges on aircraft held for sale	$	(25,614	)	$	(1,234	)	$	(28,751	)	$	(3,414	)

_____________

⁽¹⁾

During the nine months ended December 31, 2014, 14 of these aircraft were leased back, and we received $380.7 million in proceeds for the aircraft. During the three and nine months ended December 31, 2013, 6 and 13 of these aircraft were leased back, respectively, and we received $72.3 million and $217.9 million, respectively, in proceeds for these aircraft. We did not enter into any sale leaseback transactions during the three months ended December 31, 2014.