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

3 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt as of December 31, 2023 and September 30, 2023, consisted of the following (in thousands):

		December 31,				September 30,
		2023				2023
Senior and subordinated notes payable to secured parties, due in monthly installments, interest based on SOFR plus interest spread at 2.71% through 2027, collateralized by the underlying aircraft		$	-			$	39,018
Notes payable to secured parties, due in semi-annual installments, interest based on SOFR plus interest spread at 4.75% to 6.25% through 2028, collateralized by the underlying aircraft			108,815				108,815
Notes payable to secured parties, due in quarterly installments, interest based on SOFR plus interest at spread 2.20% to 2.32% for senior note & 4.50% for subordinated note through 2028, collateralized by the underlying aircraft			86,194				90,401
Revolving credit facility, quarterly interest based on SOFR plus interest spread at 4.50% through 2028, with incentives for up to $15 million based on achieving certain performance metrics			45,630				40,630
United Bridge Loan - due in quarterly installments based on SOFR plus interest spread at 4.50% through 2024			10,500				10,500
Other obligations due to financial institution, monthly and/or quarterly interest due from 2022 through 2031, collateralized by the underlying equipment			68,540				67,637
Notes payable to financial institution, due in monthly installments, interest based on SOFR plus interest spread at 3.10% through 2024, collateralized by the underlying equipment			271				1,075
Notes payable to financial institution, due in monthly installments, interest based on fixed interest of 7.50%, through 2024, collateralized by the underlying equipment			38,846				41,098
Notes payable to financial institution, quarterly interest based on SOFR plus interest spread at 3.50% through 2027			122,155				139,100
Gross long-term debt, including current maturities			480,951				538,274
Less unamortized debt issuance costs			(4,383	)			(5,083	)
Less notes payable warrants			(4,315	)			(4,913	)
Net long-term debt, including current maturities			472,253				528,278
Less current portion, net of unamortized debt issuance costs			(156,789	)			(163,550	)
Net long-term debt		$	315,464			$	364,728

Schedule of Principal Maturities of Long-term Debt

Principal maturities of long-term debt as of December 31, 2023, and for each of the next five years are as follows (in thousands):

Periods Ending December 31,		Total Principal
2024 (remainder of)		$	152,275
2025			49,263
2026			172,700
2027			51,313
2028			30,878
Thereafter			24,522
		$	480,951

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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

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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
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481544/470-10-50-1

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