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Long-Term Debt, Finance Leases, and Other Borrowings (Tables)

12 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt as of September 30, 2022 and 2021, consisted of the following (in thousands):

		September 30,				September 30,
		2022				2021
Senior and subordinated notes payable to secured parties, due in monthly installments, interest based on LIBOR plus interest spread at 2.71% through 2027, collateralized by the underlying aircraft	$		73,850		$		86,551
Notes payable to secured parties, due in semi-annual installments, interest based on LIBOR plus interest spread at 4.75% to 6.25% through 2028, collateralized by the underlying aircraft			131,010				152,100
Notes payable to secured parties, due in quarterly installments, interest based on LIBOR plus interest at spread 2.20% to 2.32% for senior note & 4.50% for subordinated note through 2028, collateralized by the underlying aircraft			106,865				122,762
Other obligations due to financial institution, monthly and/or quarterly interest due from 2022 through 2031, collateralized by the underlying equipment			18,038				4,581
Notes payable to financial institution, due in monthly installments, interest based on LIBOR plus interest spread at 3.10% through 2024, collateralized by the underlying equipment			26,758				45,559
Notes payable to financial institution, due in monthly installments, plus interest spread at 5.00% through 2022, collateralized by the underlying aircraft			-				30,625
Notes payable to financial institution, due in monthly installments, plus interest spread at 5.00% through 2023, secured by flight equipment			2,000				4,000
Revolving credit facility, monthly interest based on LIBOR plus interest spread at 3.75% through 2022			15,630				22,930
Notes payable to financial institution, quarterly interest based on LIBOR plus interest spread at 3.50% through 2027			204,947				201,227
Notes payable to financial institution, due in monthly installments, interest based on LIBOR plus interest spread at 4.24%, through 2027, collateralized by the underlying equipment			36,212				-
Gross long-term debt, including current maturities	$		615,310		$		670,335
Less unamortized debt issuance costs			(8,303	)			(9,295	)
Less notes payable warrants			(7,272	)			(9,630	)
Net long-term debt, including current maturities	$		599,735		$		651,410
Less current portion, net of unamortized debt issuance costs			(97,218	)			(111,710	)
Net long-term debt	$		502,517		$		539,700

Schedule of Principal Maturities of Long-term Debt

Principal maturities of long-term debt as of September 30, 2022, and for each of the next five (5) years are as follows (in thousands):

		Total Principal
Periods Ending September 30,		Amount
2023		$	99,102
2024			73,374
2025			64,512
2026			271,824
2027			63,958
Thereafter			42,540
		$	615,310

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

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- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601

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