XML 39 R29.htm IDEA: XBRL DOCUMENT v3.22.2.2
DEBT (Tables)
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Summary of long term debt
Long-term Debt includes the following:
September 30, 2022December 31, 2021
Notes payable under the Company's 2019-1 EETC agreement dated December 2019, with original loan amounts of $248,587 payable in bi-annual installments, in June and December, through December 2027. These notes bear interest at an annual rate between 4.13% and 6.95% and the weighted average interest rate is 4.73% as of September 30, 2022.
$194,884 $202,984 
Notes payable under the Company's 2022-1 EETC agreement dated March 2022, with a face amount of $188,277 payable in bi-annual installments, in March and September, through March 2031. These notes bear interest at an annual rate between 4.84% and 5.75% and the weighted average interest rate is 5.06% as of September 30, 2022.
179,019 — 
Delayed Draw Term Loan Facility — 77,481 
Other Notes payable— 466 
  Total Debt373,903 280,931 
Less: Unamortized debt issuance costs(3,706)(3,505)
Less: Current Maturities of Long-term Debt(45,535)(29,412)
Total Long-term Debt$324,662 $248,014 
Schedule of future maturities of the outstanding debt
Future maturities of the outstanding Debt are as follows:
Debt Principal
Payments		Amortization of Debt
Issuance Costs		Net Debt
Remainder of 2022
$18,187 $(264)$17,923 
202358,518 (962)57,556 
202460,157 (777)59,380 
202565,241 (602)64,639 
202645,668 (415)45,253 
Thereafter126,132 (686)125,446 
Total as of September 30, 2022
$373,903 $(3,706)$370,197