Debt Financing (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Summary of consolidated debt

The Company’s consolidated debt as of December 31, 2021 and 2020 is summarized below:

	December 31, 2021		December 31, 2020
	(in thousands)
Unsecured
Senior notes	$	16,892,058	$	15,583,544
Term financings	167,000		811,550
Total unsecured debt financing	17,059,058		16,395,094
Secured
Term financings	126,660		276,032
Export credit financing	18,301		24,955
Total secured debt financing	144,961		300,987
Total debt financing	17,204,019		16,696,081
Less: Debt discounts and issuance costs	(181,539)		(177,743)
Debt financing, net of discounts and issuance costs	$	17,022,480	$	16,518,338

Schedule of secured obligations

The Company’s secured obligations as of December 31, 2021 and 2020 are summarized below:

	December 31, 2021		December 31, 2020
	(in thousands, except for number of aircraft)
Nonrecourse	$	—	$	—
Recourse	144,961		300,987
Total	$	144,961	$	300,987
Number of aircraft pledged as collateral	3		12
Net book value of aircraft pledged as collateral	$	222,211	$	628,674

Schedule of maturities of debt outstanding

Maturities of debt outstanding as of December 31, 2021 are as follows:

	(in thousands)
Years ending December 31,
2022	$	2,133,882
2023	2,490,951
2024	2,892,276
2025	2,313,889
2026	3,456,845
Thereafter	3,916,176
Total	$	17,204,019