Debt Obligations (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Notes Payable

Debt obligations consisted of the following:

	June 30, 2022		December 31, 2021
	(in thousands)
Credit facility at a floating rate of interest of one-month LIBOR plus 1.375% at June 30, 2022, secured by engines. The facility has a committed amount of $1.0 billion at June 30, 2022, which revolves until the maturity date of June 2024	$	569,000	$	590,000
WEST VI Series A 2021 term notes payable at a fixed rate of interest of 3.10%, maturing in May 2046, secured by engines and one airframe	266,982		273,723
WEST VI Series B 2021 term notes payable at a fixed rate of interest of 5.44%, maturing in May 2046, secured by engines and one airframe	37,086		38,022
WEST VI Series C 2021 term notes payable at a fixed rate of interest of 7.39%, maturing in May 2046, secured by engines and one airframe	16,762		18,158
WEST V Series A 2020 term notes payable at a fixed rate of interest of 3.23%, maturing in March 2045, secured by engines	263,489		272,909
WEST V Series B 2020 term notes payable at a fixed rate of interest of 4.21%, maturing in March 2045, secured by engines	36,609		38,004
WEST V Series C 2020 term notes payable at a fixed rate of interest of 6.66%, maturing in March 2045, secured by engines	14,646		16,342
WEST IV Series A 2018 term notes payable at a fixed rate of interest of 4.75%, maturing in September 2043, secured by engines	251,949		262,260
WEST IV Series B 2018 term notes payable at a fixed rate of interest of 5.44%, maturing in September 2043, secured by engines	38,885		38,885
WEST III Series A 2017 term notes payable at a fixed rate of interest of 4.69%, maturing in August 2042, secured by engines	217,020		223,815
WEST III Series B 2017 term notes payable at a fixed rate of interest of 6.36%, maturing in August 2042, secured by engines	32,195		32,195
Note payable at a fixed rate of interest of 3.18%, maturing in July 2024, secured by an aircraft	4,313		5,307
	1,748,936		1,809,620
Less: unamortized debt issuance costs	(17,129)		(19,356)
Total debt obligations	$	1,731,807	$	1,790,264

Schedule or Debt Maturities

Principal outstanding at June 30, 2022, is expected to be repayable as follows:

Year	(in thousands)
2022	$	50,832
2023	62,369
2024	630,536
2025	60,300
2026	282,048
Thereafter	662,851
Total	$	1,748,936