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Debt Obligations (Tables)
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Notes Payable
Debt obligations consisted of the following:
September 30,
2022
December 31,
2021
(in thousands)
Credit facility at a floating rate of interest of one-month LIBOR plus 1.375% at September 30, 2022, secured by engines. The facility has a committed amount of $1.0 billion at September 30, 2022, which revolves until the maturity date of June 2024
$702,000 $590,000 
WEST VI Series A 2021 term notes payable at a fixed rate of interest of 3.10%, maturing in May 2046, secured by engines and one airframe
264,954 273,723 
WEST VI Series B 2021 term notes payable at a fixed rate of interest of 5.44%, maturing in May 2046, secured by engines and one airframe
36,804 38,022 
WEST VI Series C 2021 term notes payable at a fixed rate of interest of 7.39%, maturing in May 2046, secured by engines and one airframe
16,156 18,158 
WEST V Series A 2020 term notes payable at a fixed rate of interest of 3.23%, maturing in March 2045, secured by engines
259,090 272,909 
WEST V Series B 2020 term notes payable at a fixed rate of interest of 4.21%, maturing in March 2045, secured by engines
35,998 38,004 
WEST V Series C 2020 term notes payable at a fixed rate of interest of 6.66%, maturing in March 2045, secured by engines
13,948 16,342 
WEST IV Series A 2018 term notes payable at a fixed rate of interest of 4.75%, maturing in September 2043, secured by engines
248,530 262,260 
WEST IV Series B 2018 term notes payable at a fixed rate of interest of 5.44%, maturing in September 2043, secured by engines
38,885 38,885 
WEST III Series A 2017 term notes payable at a fixed rate of interest of 4.69%, maturing in August 2042, secured by engines
215,309 223,815 
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 32,195 
Note payable at a fixed rate of interest of 3.18%, maturing in July 2024, secured by an aircraft
3,811 5,307 
1,867,680 1,809,620 
Less: unamortized debt issuance costs(16,030)(19,356)
Total debt obligations$1,851,650 $1,790,264 
Schedule or Debt Maturities
Principal outstanding at September 30, 2022, is expected to be repayable as follows:
Year(in thousands)
2022$37,599 
202362,286 
2024763,453 
202560,218 
2026282,385 
Thereafter661,739 
Total$1,867,680