Contract CW44023

The University of Nebraska at Kearney has awarded contract CW44023 to Wings Leasing, LLC, a Kansas-based lessor, for the provision of a dry lease agreement covering seven Tecnam P-Mentor single-engine aircraft. The aircraft, all 2026 models meeting Federal Aviation Administration certification requirements, will support the University's pilot training program within the Industrial Technology Department. The contract, competitively bid under Bid Number Doc1902276953, is valued at $4,098,220.05 and establishes an annual lease rate of $58,546.00 per aircraft, payable in quarterly installments. The agreement is governed by Nebraska law with jurisdiction in Lancaster County state courts, and the lessee is represented by Daniel Smith of the Industrial Technology Administrative Unit.

The contract term commenced August 1, 2026, and extends through July 31, 2036, consisting of an initial five-year period from August 1, 2026, through June 30, 2031, with one additional optional five-year renewal term contingent upon mutual written agreement. Under the dry lease arrangement, the University of Nebraska at Kearney assumes responsibility for all operating expenses, including fuel, routine maintenance and repairs, landing fees, airport usage fees, hangar costs, and avionics subscriptions. The University must maintain comprehensive ground and flight hull insurance coverage of $1,000,000 per occurrence and name Wings Leasing, LLC as additional insured and loss payee. Alan Goodnight, President of Wings Leasing, LLC, serves as the lessor's primary contact representative.