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Debt Obligations (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Notes Payable
Debt obligations consisted of the following:
June 30,
2024		December 31,
2023
(in thousands)
Credit facility at a floating rate of interest of one-month term Secured Overnight Financing Rate (“SOFR”) plus 3.10%, secured by engines, airframes, and loan assets. The facility has a committed amount of $500.0 million at June 30, 2024, which revolves until the maturity date of June 2025.
$412,155 $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, airframes, and loan assets
390,682 406,894 
WEST VI Series A 2021 term notes payable at a fixed rate of interest of 3.10%, maturing in May 2046, secured by engines, airframes, and loan assets
248,147 252,986 
WEST VI Series B 2021 term notes payable at a fixed rate of interest of 5.44%, maturing in May 2046, secured by engines, airframes, and loan assets
34,469 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, airframes, and loan assets
11,186 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
233,041 240,371 
WEST V Series B 2020 term notes payable at a fixed rate of interest of 4.21%, maturing in March 2045, secured by engines
32,464 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
9,399 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
206,002 212,157 
WEST IV Series B 2018 term notes payable at a fixed rate of interest of 5.44%, maturing in September 2043, secured by engines
28,181 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
168,276 175,705 
WEST III Series B 2017 term notes payable at a fixed rate of interest of 6.36%, maturing in August 2042, secured by engines
22,594 23,592 
Willis Warehouse Facility LLC (“WWFL”) credit facility at a floating rate of interest of one-month term SOFR, plus 2.25%, maturing in May 2029, secured by engines, airframes, and loan assets
115,160 — 
Note payable at a fixed rate of interest of 5.00%, maturing in February 2033, secured by an engine
20,914 — 
Note payable at a fixed rate of interest of 4.59%, maturing in November 2032, secured by an engine
22,355 22,610 
Note payable at a fixed rate of interest of 4.23%, maturing in June 2032, secured by an engine
17,757 17,802 
Note payable at a fixed rate of interest of 3.18%, maturing in July 2024, secured by an aircraft
175 1,235 
1,972,957 1,827,059 
Less: unamortized debt issuance costs and note discounts(26,196)(24,178)
Total debt obligations$1,946,761 $1,802,881 
Schedule or Debt Maturities
Principal outstanding at June 30, 2024 is expected to be repayable as follows:

Year(in thousands)
2024$36,005 
2025483,844 
2026270,922 
2027193,331 
2028239,289 
Thereafter749,566 
Total$1,972,957