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Debt Obligations (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of notes payable | Debt obligations consisted of the following:
| As of December 31,
2022 |  | 2021
(in thousands)
Credit facility at a floating rate of interest of one-month LIBOR plus 1.75% at December 31, 2022, secured by engines. The facility has a committed amount of $1.0 billion at December 31, 2022, which revolves until the maturity date of June 2024 | $ | 727,000 |  |  | $ | 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 | 262,779 |  |  | 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 | 36,502 |  |  | 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 | 14,738 |  |  | 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 | 255,136 |  |  | 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 | 35,542 |  |  | 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 | 13,314 |  |  | 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 | 238,072 |  |  | 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 | 36,386 |  |  | 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 | 209,061 |  |  | 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 | 30,255 |  |  | 32,195 |
Note payable at a fixed rate of interest of 3.18%, maturing in July 2024, secured by an aircraft | 3,304 |  |  | 5,307 |
| 1,862,089 |  |  | 1,809,620 |
Less: unamortized debt issuance costs | (14,811) |  |  | (19,356) |
Total debt obligations | $ | 1,847,278 |  |  | $ | 1,790,264 |
Schedule or principal outstanding | Principal outstanding at December 31, 2022, is expected to be repayable as follows:
Year |  | (in thousands)
2023 |  | $ | 88,090 |
2024 |  | 788,118 |
2025 |  | 59,883 |
2026 |  | 267,562 |
2027 |  | 182,668 |
Thereafter |  | 475,768 |
Total |  | $ | 1,862,089 |

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