Notes Payable (Tables)

3 Months Ended

Mar. 31, 2017

Notes Payable

Schedule of notes payable

	March 31,		December 31,
	2017		2016
	(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 $890.0 million at March 31, 2017, which revolves until the maturity date of April 2021.	$	585,000	$	608,000
WEST II Series 2012-A term notes payable at a fixed rate of interest of 5.50%, maturing in September 2037. Secured by engines.		274,467		279,541
Note payable at fixed interest rates ranging from 2.60% to 2.97%, maturing in July 2024. Secured by an aircraft.		14,023		14,453
Note payable at a variable interest rate of LIBOR plus 2.25%, maturing in January 2018. Secured by engines.		11,366		11,709
Notes payable		884,856		913,703
Less: unamortized debt issuance costs		(12,655)		(13,448)
Total notes payable	$	872,201	$	900,255

Schedule or principal outstanding

Year	(in thousands)
2017	$	17,777
2018		33,294
2019		23,430
2020		23,031
2021		608,268
Thereafter		179,056
	$	884,856