Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Outstanding Short-Term Notes Payable

The components of the Company’s outstanding Short-term notes payable consisted of the following:

	Weighted average interest rates		December 31, 2023		December 31, 2022
Short-term notes payable
Bank 2	7.5	%	14,400		3,756
Less: Unamortized debt issuance costs			(4)		(52)
Total short-term notes payable			$	14,396	$	3,704

Schedule of Long-Term Debt

The components of the Company’s outstanding long-term debt consisted of the following:

	Interest Rates		Amounts				Maturity Dates
	December 31, 2023	December 31, 2022	December 31, 2023		December 31, 2022		December 31, 2023	December 31, 2022
Long-term notes payable with banks for the purchase of aircrafts
Bank 1	4.0% - 7.3%	4.0% - 5.5%	$	13,589	$	24,275	Aug 2025 - Feb 2027	Aug 2023 - Sep 2026
Bank 2	4.0% - 7.8%	4.0% - 6.3%	13,769		15,518		Dec 2025 - Jun 2028	Jun 2023 - Nov 2027
Bank 3	3.5% Fixed - 2.3% + SOFR**	3.5% Fixed - 2.2% + LIBOR†	7,705		8,721		Jan 2024 - Oct 2026	Apr 2023 - Oct 2026
Bank 4	2.9% + SOFR**	2.8% + LIBOR†	4,082		4,440		Sep 2024 - Dec 2024	Sep 2024 - Dec 2024
Bank 5	5.3% - 6.0%*	5.3% - 6.0% + LIBOR* †	3,759		4,204		Jul 2030 - Sep 2030	Jul 2030 - Sep 2030
Bank 6	7.7%	5.4%	1,843		2,114		Jan 2030	Jan 2024
Bank 7	4.0%	4.0%	1,061		1,320		Sep 2027	Sep 2027
Long-term notes payable with financial institutions for the purchase of aircrafts
Financial Institution 1	0.25% + Schwab Loan Rate	5.3%	3,290		3,650		Dec 2027	Dec 2027
Financial Institution 2	3.6% - 7.0%	3.6% - 7.0%	8,435		17,882		Nov 2026 - May 2027	Mar 2026 - Jun 2027
Financial Institution 3	9.0% - 9.5%	n/a	22,612		—		Sep 2033 - Dec 2033	n/a
Credit facilities with financial institutions
Financial Institution 4	1.3% + SOFR** - 2.8% + SOFR**	2.3% + LIBOR † - 2.8% + SOFR**	72,688		32,153		See disclosure below	See disclosure below
Bridge Notes	n/a	10.0%	n/a		86,816		See disclosure below	See disclosure below
Other long-term debt payable
EID loan	See disclosure below	See disclosure below	116		122		See disclosure below	See disclosure below
Long-term debt from VIEs			40,491		46,403
Total Long-term notes payable			193,440		247,618
Less: Unamortized debt issuance costs and debt discount			(151)		(1,717)
Less: current portion			(26,471)		(23,581)
Long-term notes payable, non-current portion			$	166,818	$	222,320

*The payment terms dictate that the Note shall bear interest at a rate equal to the Prime Rate plus 275 basis points with an initial interest rate set at 6% based on the Prime Rate and Loan Spread at the time of the agreement. The interest rate is to be adjusted every 5 years and be based on the Prime Rate published as of the date plus the Loan Spread.

†LIBOR is defined as the "London Interbank Offer Rate".

**SOFR is defined as “Secured Overnight Financing Rate” .

Schedule of Contractual Principal Payments

The table below presents the Company’s contractual principal payments (not including debt issuance costs) as of December 31, 2023 under then-outstanding long-term debt agreements in each of the next five calendar years (does not include VIE loans):

Fiscal year	Amount
2024	$	23,408
2025	75,500
2026	21,309
2027	12,719
2028	2,528
Thereafter	17,485
	152,949
Long-term notes payable from VIE	40,491
Debt issuance costs	(151)
Total long-term notes payable	$	193,289