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  5. ›Lease of Single Engine Aircraft (4)

Awarded contract·Arkansas State University·Arkansas

Lease of Single Engine Aircraft (4)

Won by Wings Leasing LLC +1 more$600kMultiple Award
Contract source

Awarded vendors

  • Wings Leasing LLC
  • Sky High Aviation LLC

Description

This contract concerns the lease of four single‑engine aircraft for a state‑run institution. The solicitation (HSU RFP 24‑06) was issued in the 2023/2024 cycle, and the agency intends to award the lease to two commercial vendors: Wings Leasing LLC and Sky High Aviation LLC. The bid submission window closed on July 8, 2024, and interested parties are directed to contact the university’s procurement services for bid results. No award date, contract term, or monetary value is disclosed in the excerpt. • Commodity: Lease of single‑engine aircraft (four units) • Intended award: Dual‑vendor award to Wings Leasing LLC and Sky High Aviation LLC • Closing date for bids: July 8, 2024 (no award date published) • Procurement contact: [email protected] (university procurement office)

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Bids closed
7/8/2024

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Aerospace and Defense
NAICS
532112
Solicitation №
HSU RFP 24-06

Contract value

$600,000

No explicit contract value is disclosed. A typical lease for a single‑engine aircraft (e.g., Cessna 172 or similar) can range from $120,000 to $180,000 per year, depending on age, avionics, and support services. Assuming a mid‑range lease cost of $150,000 per aircraft per year and a one‑year term for four aircraft, the total contract value would be roughly $600,000. If the lease term is longer (e.g., three years) the value could rise proportionally to about $1.8 million. Given the lack of term details, a conservative ballpark estimate of **$600,000** is provided. Factors influencing the estimate include aircraft model, lease duration, included maintenance, and any ancillary services that might be bundled.

AI estimate from the award documents

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