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DEBT (Tables) | 3 Months Ended
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Jun. 30, 2020
Debt Disclosure [Abstract] |
Schedule of debt | Debt as of June 30 and March 31, 2020 (Successor) consisted of the following (in thousands):
|  | June 30, 2020 |  | March 31, 2020
PK Air Debt |  | $ | 202,811 |  |  | $ | 207,326 |
Macquarie Debt |  | 146,695 |  |  | 148,165 |
7.750% Senior Notes (1) |  | 136,840 |  |  | — |
Lombard Debt |  | 134,468 |  |  | 136,180 |
Promissory notes (2) |  | 17,485 |  |  | — |
Airnorth Debt |  | 7,172 |  |  | 7,618 |
Humberside Debt |  | 334 |  |  | 335 |
Term Loan |  | — |  |  | 61,500 |
Total debt |  | 645,805 |  |  | 561,124 |
Less short-term borrowings and current maturities of long-term debt |  | (63,541 | ) |  | (45,739 | )
Total long-term debt |  | $ | 582,264 |  |  | $ | 515,385 |
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(1) | The outstanding principal amount of the 7.750% senior unsecured notes as of March 31, 2020 was $142.0 million, net of unamortized discounts and debt issuance costs.
(2) The outstanding principal amount of the promissory notes as of March 31, 2020 was $17.9 million.
Schedule of convertible debt | Interest expense related to the 4½% Convertible Senior Notes was as follows (in thousands):
| Predecessor
| Three Months Ended June 30, 2019
Contractual coupon interest | $ | 715 |
Amortization of debt discount | 648 |
Total interest expense | $ | 1,363 |

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- Definition Tabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components. + References No definition available. + Details
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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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