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Debt Obligations (Tables)
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Notes Payable
Debt obligations consisted of the following:
March 31,
2024		December 31,
2023
(in thousands)
Credit facility at a floating rate of interest of one-month term Secured Overnight Financing Rate (“SOFR”) plus 3.00% and 1.38% on $218.8 million and $71.2 million, respectively, at March 31, 2024, secured by engines. The facility has a committed amount of $658.2 million at March 31, 2024, of which $158.2 million revolves until the maturity date of June 2024, and $500.0 million revolves until the maturity date of June 2025.
$290,000 $353,000 
WEST VII Series A 2023 term notes payable at a fixed rate of interest of 8.00%, maturing in October 2048, secured by engines
396,931 406,894 
WEST VI Series A 2021 term notes payable at a fixed rate of interest of 3.10%, maturing in May 2046, secured by engines
250,544 252,986 
WEST VI Series B 2021 term notes payable at a fixed rate of interest of 5.44%, maturing in May 2046, secured by engines
34,831 35,142 
WEST VI Series C 2021 term notes payable at a fixed rate of interest of 7.39%, maturing in May 2046, secured by engines
11,781 12,361 
WEST V Series A 2020 term notes payable at a fixed rate of interest of 3.23%, maturing in March 2045, secured by engines
236,642 240,371 
WEST V Series B 2020 term notes payable at a fixed rate of interest of 4.21%, maturing in March 2045, secured by engines
32,966 33,485 
WEST V Series C 2020 term notes payable at a fixed rate of interest of 6.66%, maturing in March 2045, secured by engines
10,043 10,695 
WEST IV Series A 2018 term notes payable at a fixed rate of interest of 4.75%, maturing in September 2043, secured by engines
209,079 212,157 
WEST IV Series B 2018 term notes payable at a fixed rate of interest of 5.44%, maturing in September 2043, secured by engines
28,602 29,024 
WEST III Series A 2017 term notes payable at a fixed rate of interest of 4.69%, maturing in August 2042, secured by engines
171,760 175,705 
WEST III Series B 2017 term notes payable at a fixed rate of interest of 6.36%, maturing in August 2042, secured by engines
23,062 23,592 
Note payable at a fixed rate of interest of 5.00%, maturing in February 2033, secured by an engine
20,980 — 
Note payable at a fixed rate of interest of 4.59%, maturing in November 2032, secured by an engine
22,483 22,610 
Note payable at a fixed rate of interest of 4.23%, maturing in June 2032, secured by an engine
17,780 17,802 
Note payable at a fixed rate of interest of 3.18%, maturing in July 2024, secured by an aircraft
707 1,235 
1,758,191 1,827,059 
Less: unamortized debt issuance costs and note discounts(22,621)(24,178)
Total debt obligations$1,735,570 $1,802,881 
Schedule or Debt Maturities
Principal outstanding at March 31, 2024 is expected to be repayable as follows:

Year(in thousands)
2024$54,432 
2025361,641 
2026270,873 
2027193,282 
2028239,395 
Thereafter638,568 
Total$1,758,191