Notes Payable (Tables)

9 Months Ended

Sep. 30, 2017

Notes Payable

Schedule of notes payable

	September 30,		December 31,
	2017		2016
	(in thousands)
Credit facility at a floating rate of interest of LIBOR plus 2.75%, secured by engines. The facility has a committed amount of $890.0 million at June 30, 2017, which revolves until the maturity date of April 2021.	$	328,700	$	608,000
WEST II Series 2012-A term notes payable at a fixed rate of interest of 5.50%, maturing in September 2037. Secured by engines.		264,187		279,541
WEST III Series A 2017-1 term notes payable at a fixed rate of interest of 4.69%, maturing in August 2042. Secured by engines.		292,599		—
WEST III Series B 2017-1 term notes payable at a fixed rate of interest of 6.36%, maturing in August 2042. Secured by engines.		41,843		—
Note payable at fixed interest rates ranging from 2.60% to 2.97%, maturing in July 2024. Secured by an aircraft.		13,158		14,453
Note payable at a variable interest rate of LIBOR plus 2.25%, maturing in January 2018. Secured by engines.		10,679		11,709
Notes payable		951,166		913,703
Less: unamortized debt issuance costs		(19,034)		(13,448)
Total notes payable	$	932,132	$	900,255

Schedule or principal outstanding

Year	(in thousands)
2017	$	9,722
2018		48,401
2019		38,537
2020		38,137
2021		367,074
Thereafter		449,295
	$	951,166