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Debt Obligations (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Notes Payable | Debt obligations consisted of the following:
| September 30, 2023 |  | December 31, 2022
| (in thousands)
Credit facility at a floating rate of interest of one-month term Secured Overnight Financing Rate (“SOFR”) plus 1.75% at September 30, 2023, secured by engines. The facility has a committed amount of $1.0 billion at September 30, 2023, which revolves until the maturity date of June 2024 | $ | 730,000 |  |  | $ | 727,000 |
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 | 255,305 |  |  | 262,779 |
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 | 35,464 |  |  | 36,502 |
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 | 12,945 |  |  | 14,738 |
WEST V Series A 2020 term notes payable at a fixed rate of interest of 3.23%, maturing in March 2045, secured by engines | 244,959 |  |  | 255,136 |
WEST V Series B 2020 term notes payable at a fixed rate of interest of 4.21%, maturing in March 2045, secured by engines | 34,125 |  |  | 35,542 |
WEST V Series C 2020 term notes payable at a fixed rate of interest of 6.66%, maturing in March 2045, secured by engines | 11,395 |  |  | 13,314 |
WEST IV Series A 2018 term notes payable at a fixed rate of interest of 4.75%, maturing in September 2043, secured by engines | 217,765 |  |  | 238,072 |
WEST IV Series B 2018 term notes payable at a fixed rate of interest of 5.44%, maturing in September 2043, secured by engines | 30,777 |  |  | 36,386 |
WEST III Series A 2017 term notes payable at a fixed rate of interest of 4.69%, maturing in August 2042, secured by engines | 182,991 |  |  | 209,061 |
WEST III Series B 2017 term notes payable at a fixed rate of interest of 6.36%, maturing in August 2042, secured by engines | 24,729 |  |  | 30,255 |
Note payable at a fixed rate of interest of 4.23%, maturing in July 2031, secured by an engine | 17,825 |  |  | — |
Note payable at a fixed rate of interest of 3.18%, maturing in July 2024, secured by an aircraft | 1,759 |  |  | 3,304 |
| 1,800,039 |  |  | 1,862,089 |
Less: unamortized debt issuance costs | (12,015) |  |  | (14,811) |
Total debt obligations | $ | 1,788,024 |  |  | $ | 1,847,278 |
Schedule or Debt Maturities | Principal outstanding at September 30, 2023, is expected to be repayable as follows:
Year |  | (in thousands)
2023 |  | $ | 15,342 |
2024 |  | 789,963 |
2025 |  | 58,732 |
2026 |  | 261,319 |
2027 |  | 183,396 |
Thereafter |  | 491,287 |
Total |  | $ | 1,800,039 |

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