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Debt Obligations (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of notes payable

Debt obligations consisted of the following:

			As of December 31,
			2020						2019
			(in thousands)
Credit facility at a floating rate of interest of one-month LIBOR plus 1.38% at December 31, 2020, secured by engines. The facility has a committed amount of $1.0 billion at December 31, 2020, which revolves until the maturity date of June 2024			$	777,000					$	397,000
WEST V Series A 2020 term notes payable at a fixed rate of interest of 3.23%, maturing in March 2045, secured by engines			286,863						—
WEST V Series B 2020 term notes payable at a fixed rate of interest of 4.21%, maturing in March 2045, secured by engines			39,855						—
WEST V Series C 2020 term notes payable at a fixed rate of interest of 6.66%, maturing in March 2045, secured by engines			19,043						—
WEST IV Series A 2018 term notes payable at a fixed rate of interest of 4.75%, maturing in September 2043, secured by engines			277,481						307,014
WEST IV Series B 2018 term notes payable at a fixed rate of interest of 5.44%, maturing in September 2043, secured by engines			39,640						43,859
WEST III Series A 2017 term notes payable at a fixed rate of interest of 4.69%, maturing in August 2042, secured by engines			227,138						257,754
WEST III Series B 2017 term notes payable at a fixed rate of interest of 6.36%, maturing in August 2042, secured by engines			32,481						36,860
WEST II Series A 2012 term notes payable at a fixed rate of interest of 5.50%, repaid in March 2020, secured by engines			—						211,572
Note payable at three-month LIBOR plus a margin ranging from 1.85% to 2.50% at December 31, 2020, maturing in July 2022, secured by engines			6,138						7,286
Note payable at a fixed rate of interest of 3.18%, maturing in July 2024, secured by an aircraft			7,247						9,124
			1,712,886						1,270,469
Less: unamortized debt issuance costs			(19,133)						(19,463)
Total debt obligations			$	1,693,753					$	1,251,006

Schedule or principal outstanding

Principal outstanding at December 31, 2020, is expected to be repayable as follows:

Year						(in thousands)
2021						$	51,497
2022						57,341
2023						52,469
2024						828,636
2025						50,401
Thereafter						672,542
Total						$	1,712,886

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

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