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Long-Term Debt
 3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Long-Term Debt Long-Term Debt
The following table summarizes the Company's long-term debt and finance lease obligations as of the dates indicated:
(in thousands)March 31, 2023December 31, 2022
Fixed-rate debt and finance lease obligations due through 2032$1,719,077 $1,720,998 
Variable-rate debt due through 2029386,743 375,980 
Total debt and finance lease obligations, net of related costs2,105,820 2,096,978 
Less current maturities, net of related costs289,669 152,900 
Long-term debt and finance lease obligations, net of current maturities and related costs$1,816,151 $1,944,078 
Weighted average fixed-interest rate on debt6.4%6.5%
Weighted average variable-interest rate on debt6.6%6.1%

Interest Rate(s) Per Annum atMarch 31, 2023December 31, 2022
(in thousands)Maturity DatesMarch 31, 2023
Senior secured notes2024—20277.25 %—8.50%$700,000 $700,000 
Consolidated variable interest entities2024—20292.92 %—4.10%103,966 79,453 
Revolving credit facilities2024—20277.32%62,844 30,327 
Debt secured by aircraft, engines, other equipment and real estate2023—20291.87 %—7.45%438,282 466,335 
Finance leases2028—20324.44 %—7.00%473,339 494,328 
Construction loan agreement20285.75%350,000 350,000 
Total debt$2,128,431 $2,120,443 
Related costs(22,611)(23,465)
Total debt net of related costs$2,105,820 $2,096,978 


Maturities of long term debt as of March 31, 2023, for the next five years and thereafter, in the aggregate, are:

(in thousands)As of March 31, 2023
Remaining in 2023$104,631 
2024365,058 
2025161,775 
2026155,579 
2027709,921 
2028278,929 
Thereafter329,927 
Total debt and finance lease obligations, net of related costs$2,105,820 


Revolving Credit Facility

In February 2023, the Company, through a wholly owned subsidiary, entered into a credit agreement with Credit Agricole Corporate and Investment Bank, under which the Company is entitled to borrow up to $100.0 million. This revolving credit facility replaced a revolving credit facility with the same lender which was to expire in March 2023. The revolving credit facility has a maturity date of March 31, 2026 and the borrowing ability is based on the value of aircraft and engines placed into the collateral pool. The notes under the facility bear interest at a floating rate based on SOFR. As of March 31, 2023, the facility remains undrawn.


Consolidated Variable Interest Entities
In February 2023, the Company, through a wholly owned subsidiary, entered into agreements with a trust to borrow $27.0 million secured by one Airbus A320 series aircraft. The trust was funded on inception. The borrowing bears interest at a rate of 2.92 percent and is payable in monthly installments through February 2029, at which time the Company will have a purchase option at a fixed amount.