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Debt Obligations (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Notes Payable
Debt obligations consisted of the following:
September 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 2.85%, secured by engines, airframes, and loan assets. The facility has a committed amount of $500.0 million at September 30, 2024, which revolves until the maturity date of June 2025.
$403,018 $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
361,251 406,894 
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
243,325 252,986 
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
33,800 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
10,497 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
229,807 240,371 
WEST V Series B 2020 term notes payable at a fixed rate of interest of 4.21%, maturing in March 2045, secured by engines
32,013 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
8,770 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
202,924 212,157 
WEST IV Series B 2018 term notes payable at a fixed rate of interest of 5.44%, maturing in September 2043, secured by engines
27,759 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
164,792 175,705 
WEST III Series B 2017 term notes payable at a fixed rate of interest of 6.36%, maturing in August 2042, secured by engines
22,126 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
213,845 — 
Note payable at a fixed rate of interest of 5.00%, maturing in February 2033, secured by an engine
20,848 — 
Note payable at a fixed rate of interest of 4.59%, maturing in November 2032, secured by an engine
22,225 22,610 
Note payable at a fixed rate of interest of 4.23%, maturing in June 2032, secured by an engine
17,734 17,802 
Note payable at a fixed rate of interest of 3.18%, matured in July 2024, secured by an aircraft
— 1,235 
2,014,734 1,827,059 
Less: unamortized debt issuance costs and note discounts(24,279)(24,178)
Total debt obligations$1,990,455 $1,802,881 
Schedule or Debt Maturities
Principal outstanding at September 30, 2024 is expected to be repayable as follows:

Year(in thousands)
2024$17,690 
2025473,804 
2026270,018 
2027192,427 
2028238,384 
Thereafter822,411 
Total$2,014,734