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Investments - Summarized Financial Information (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Consolidated Statements of Income      
Revenue $ 418,555 $ 311,927  
Expenses 354,333 302,072  
WMES net income 43,781 5,439  
Consolidated Balance Sheets      
Total assets 2,652,344 [1] 2,575,217  
Total liabilities 2,163,417 [2] 2,120,640  
Total WMES net equity 438,963 404,688 $ 375,885
WMES      
Consolidated Statements of Income      
Revenue 47,617 52,106  
Expenses 46,317 51,953  
WMES net income 1,300 153  
Consolidated Balance Sheets      
Total assets 236,732 267,580  
Total liabilities 150,604 183,083  
Total WMES net equity $ 86,128 $ 84,497  
[1] Total assets at December 31, 2023 and 2022 include the following assets of variable interest entities (“VIEs”) that can only be used to settle the liabilities of the VIEs: Restricted cash $160,958 and $76,870; Equipment $1,518,050 and $1,167,970; Maintenance rights $7,806 and $5,433; Notes receivable $91,960 and $80,220; Investments in sales-type leases $3,564 and $0; and Other assets $13,339 and $6,470, respectively.
[2] Total liabilities at December 31, 2023 and 2022 include the following liabilities of VIEs for which the VIEs’ creditors do not have recourse to Willis Lease Finance Corporation: Debt obligations $1,411,680 and $1,118,721, respectively.