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Debt Obligations (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of notes payable

Debt obligations consisted of the following:

			March 31, 2021						December 31, 2020
			(in thousands)
Credit facility at a floating rate of interest of one-month LIBOR plus 1.75% at March 31, 2021, secured by engines. The facility has a committed amount of $1.0 billion at March 31, 2021, which revolves until the maturity date of June 2024			$	817,000					$	777,000
WEST V Series A 2020 term notes payable at a fixed rate of interest of 3.23%, maturing in March 2045, secured by engines			283,533						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			39,395						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			18,617						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			275,042						277,481
WEST IV Series B 2018 term notes payable at a fixed rate of interest of 5.44%, maturing in September 2043, secured by engines			39,476						39,640
WEST III Series A 2017 term notes payable at a fixed rate of interest of 4.69%, maturing in August 2042, secured by engines			224,401						227,138
WEST III Series B 2017 term notes payable at a fixed rate of interest of 6.36%, maturing in August 2042, secured by engines			32,195						32,481
Note payable at three-month LIBOR plus a margin ranging from 1.85% to 2.50% at March 31, 2021, maturing in July 2022, secured by engines			5,843						6,138
Note payable at a fixed rate of interest of 3.18%, maturing in July 2024, secured by an aircraft			6,767						7,247
			1,742,269						1,712,886
Less: unamortized debt issuance costs			(18,139)						(19,133)
Total debt obligations			$	1,724,130					$	1,693,753

Schedule or debt maturities

Principal outstanding at March 31, 2021, is expected to be repayable as follows:

Year						(in thousands)
2021						$	40,560
2022						57,341
2023						52,469
2024						868,636
2025						50,401
Thereafter						672,862
Total						$	1,742,269

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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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