Notes Payable (Tables)

3 Months Ended

Mar. 31, 2016

Notes Payable

Schedule of notes payable

	March 31,		December 31,
	2016		2015
	(in thousands)
Credit facility at a floating rate of interest of LIBOR plus 2.75%, secured by engines. The facility has a committed amount of $700.0 million at March 31, 2016, which revolves until the maturity date of June 2019.	$	539,000	$	549,000
WEST II Series 2012-A term notes payable at a fixed rate of interest of 5.50%, maturing in September 2037. Secured by engines.		294,337		300,467
Note payable at fixed interest rates ranging from 2.60% to 2.97%, maturing in July 2024. Secured by an aircraft.		15,719		16,135
Note payable at a variable interest rate of LIBOR plus 2.25%, maturing in January 2018. Secured by engines.		12,739		13,082
Notes payable		861,795		878,684
Less: unamortized debt issuance costs		(11,764)		(12,595)
Total notes payable	$	850,031	$	866,089

Schedule or principal outstanding

Year	(in thousands)
2016	$	17,091
2017		23,624
2018		33,294
2019		562,430
2020		23,031
Thereafter		202,325
	$	861,795