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Subsequent Event
9 Months Ended
Sep. 30, 2023
Subsequent Events [Abstract]  
Subsequent Event Subsequent Events
WEST VII Securitization

On October 31, 2023, the Company and its direct, wholly-owned subsidiary Willis Engine Structured Trust VII (“WEST VII”), closed its offering of $410.0 million aggregate principal amount of fixed rate notes (“the Notes”). The Notes are secured by, among other things, WEST VII’s direct and indirect interests in a portfolio of 51 aircraft engines and four airframes, which WEST VII will acquire from the Company pursuant to an asset purchase agreement.

Credit Facility Extension

On October 31, 2023, the Company entered into Amendment No. 4 to the Fourth Amended and Restated Credit Agreement, which extended the maturity date of $500.0 million of its credit facility to June 2025.

Purchase Option Exercise

On October 23, 2023, a lessee provided notice to the Company of its election to exercise a purchase option on eight engines. The engines were reclassified as investments in sales-type leases on that date and will generate an estimated loss of approximately $5.9 million.