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Investments - Schedule of Financial Information (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Consolidated Statements of Income            
Revenue $ 195,502 $ 151,120 $ 353,234 $ 270,203    
Expenses 167,237 97,042 301,066 188,907    
Net income 60,377 42,586 77,246 63,455    
Consolidated Balance Sheets            
Total assets [1] 3,946,445   3,946,445   $ 3,297,196  
Total liabilities [2] 3,265,247   3,265,247   2,684,736  
Total WMES net equity 617,937 492,418 617,937 492,418 549,338 $ 438,963
WMES            
Consolidated Statements of Income            
Revenue 27,016 22,223 45,266 41,149    
Expenses 17,597 14,751 33,704 28,512    
Net income 9,419 $ 7,472 11,562 $ 12,637    
Consolidated Balance Sheets            
Total assets 445,522   445,522   352,783  
Total liabilities 293,338   293,338   256,055  
Total WMES net equity 152,184   152,184   $ 96,728  
Equity Method Investment, Nonconsolidated Investee or Group of Investees            
Consolidated Balance Sheets            
Total assets 2,529   2,529      
Total liabilities 0   0      
Maximum Exposure to Loss $ 1,770   $ 1,770      
[1] Total assets at June 30, 2025 and December 31, 2024, include the following assets of variable interest entities (“VIEs”) that can only be used to settle the liabilities of the VIEs: Restricted cash $745,268 and $123,392; Equipment $1,798,280 and $1,681,197; Maintenance rights $21,873 and $12,708; Notes receivable $133,550 and $139,853; Investments in sales-type leases $16,780 and $17,752; and Other assets $11,702 and $11,973 (each respectively).
[2] Total liabilities at June 30, 2025 and December 31, 2024, include the following liabilities of VIEs for which the VIEs’ creditors do not have recourse to Willis Lease Finance Corporation: Debt obligations $2,060,155 and $1,518,391, respectively. Further, refer to Note 6 of the Condensed Consolidated Financial Statements for details of the Company’s commitments and contingencies.