Debt Obligations (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Notes Payable

Debt obligations consisted of the following:

	June 30, 2023		December 31, 2022
	(in thousands)
Credit facility at a floating rate of interest of one-month London Interbank Offered Rate (“LIBOR”) plus 1.75% at June 30, 2023, secured by engines. The facility has a committed amount of $1.0 billion at June 30, 2023, which revolves until the maturity date of June 2024	$	758,000	$	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	257,726		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	35,800		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	13,537		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	248,375		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	34,600		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	12,036		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	226,932		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	31,216		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	188,951		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	30,255		30,255
Note payable at a fixed rate of interest of 3.18%, maturing in July 2024, secured by an aircraft	2,278		3,304
	1,839,706		1,862,089
Less: unamortized debt issuance costs	(12,685)		(14,811)
Total debt obligations	$	1,827,021	$	1,847,278

Schedule or Debt Maturities

Principal outstanding at June 30, 2023, is expected to be repayable as follows:

Year	(in thousands)
2023	$	38,474
2024	818,278
2025	59,043
2026	266,375
2027	182,435
Thereafter	475,101
Total	$	1,839,706