COMMITMENTS AND CONTINGENCIES (Tables)

As shown in the table below, we expect to make additional capital expenditures over the next five fiscal years to purchase additional aircraft. As of September 30, 2015, we had 41 aircraft on order and options to acquire an additional 21 aircraft. Although a similar number of our existing aircraft may be sold during the same period, the additional aircraft on order will provide incremental fleet capacity in terms of revenue and operating income.



	Six Months Ending March 31, 2016		Fiscal Year Ending March 31,
	Six Months Ending March 31, 2016		2017		2018		2019		2020 and thereafter		Total
Commitments as of September 30, 2015: ^{(1) (2)}
Number of aircraft:
Medium	10		—		—		—		—		10
Large⁽³⁾	3		4		6		4		3		20
U.K. SAR	6		4		—		—		—		10
Other SAR	1		—		—		—		—		1
	20		8		6		4		3		41
Related expenditures (in thousands)⁽⁴⁾
Medium and large	$	116,662	$	77,204	$	78,778	$	58,945	$	31,550	$	363,139
U.K. SAR	109,052		58,428		—		—		—		167,480
Other SAR	26,259		—		—		—		—		26,259
	$	251,973	$	135,632	$	78,778	$	58,945	$	31,550	$	556,878
Options as of September 30, 2015: ⁽³⁾
Number of aircraft:
Medium	—		1		7		—		—		8
Large	—		4		9		—		—		13
	—		5		16		—		—		21

Related expenditures (in thousands)⁽⁴⁾	$	26,291	$	180,100	$	214,008	$	—	$	—	$	420,399

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⁽¹⁾	Signed client contracts are currently in place that will utilize 11 of these aircraft.

⁽²⁾

We are currently in discussions with our helicopter manufacturers to defer payment on certain ordered aircraft into future fiscal years and take delivery of certain aircraft later than reflected herein. The aim of these discussions is to more closely align the expenditures and delivery of aircraft with the applicable revenue and cash flow associated with the aircraft. We expect to defer approximately $100 million in capital expenditures out of the six months ending March 31, 2016 into future periods and push deliveries into future periods further out resulting in anticipated capital expenditures of approximately $100 million for each of fiscal year 2017 and fiscal year 2018 and $50 million per fiscal year thereafter.


⁽³⁾	Seventeen large aircraft on order expected to enter service between fiscal years 2017 and 2020 are subject to the successful development and certification of the aircraft.


⁽⁴⁾	Includes progress payments on aircraft scheduled to be delivered in future periods.

The following chart presents an analysis of our aircraft orders and options during fiscal year 2016:



	Three Months Ended
	September 30, 2015				June 30, 2015
	Orders		Options		Orders		Options
Beginning of period	46		21		45		30
Aircraft delivered	(1	)	—		(2	)	—
Aircraft ordered	—		—		—		—
Exercised options	—		—		3		(3	)
Expired options	—		(4	)	—		(6	)
Reclassification ⁽¹⁾	(4	)	4		—		—
End of period	41		21		46		21

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⁽¹⁾ We have determined that several aircraft were previously classified as orders in error.

The following is a summary of the terms related to aircraft leased under operating leases with original or remaining terms in excess of one year as of September 30, 2015:



End of Lease Term	Number of Aircraft	Monthly Lease Payments (in thousands)
Six months ending March 31, 2016 to fiscal year 2017	9	$	1,070
Fiscal year 2018 to fiscal year 2020	47	9,255
Fiscal year 2021 to fiscal year 2024	25	2,742
	81	$	13,067