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Investments - Summarized Financial Information (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Consolidated Statements of Income      
Revenue $ 569,223 $ 418,555  
Expenses 424,825 354,333  
WMES net income 108,612 43,781  
Consolidated Balance Sheets      
Total assets [1] 3,297,196 2,652,344  
Total liabilities [2] 2,684,736 2,163,417  
Total WMES net equity 549,338 438,963 $ 404,688
WMES      
Consolidated Statements of Income      
Revenue 75,551 47,617  
Expenses 60,484 46,317  
WMES net income 15,067 1,300  
Consolidated Balance Sheets      
Total assets 352,783 236,732  
Total liabilities 256,055 150,604  
Total WMES net equity $ 96,728 $ 86,128  
[1] Total assets at December 31, 2024 and 2023 include the following assets of variable interest entities (“VIEs”) that can only be used to settle the liabilities of the VIEs: Restricted cash $123,392 and $160,958; Equipment $1,681,197 and $1,518,050; Maintenance rights $12,708 and $7,806; Notes receivable $139,853 and $91,960; Investments in sales-type leases $17,752 and $3,564; and Other assets $11,973 and $13,339, respectively.
[2] Total liabilities at December 31, 2024 and 2023 include the following liabilities of VIEs for which the VIEs’ creditors do not have recourse to Willis Lease Finance Corporation: Debt obligations $1,518,391 and $1,411,680, respectively. Further, refer to Note 10 of the consolidated financial statements for details of the Company’s commitments and contingencies.