Category: Press Release

9800 SW Nimbus Ave, Beaverton, OR 97008
Zachary Young, Director of Sales and Marketing
Zachary.young@www.precisionaircraft.com
U.S. M 971-770-6000; O 336-540-0400

Beaverton, OR., May 8^th, 2023 – 321 Precision Conversions is pleased to announce the Civil Aviation Authority of Malaysia validated the A321-200PCF freighter conversion STC (ST02716SE). This certification further validates the Precision design and enables the most fuel efficient A321-200 freighter conversion to operate in Malaysia. Raya Airways will be the first A321-200PCF in the region with multiple aircraft.

Zach Young, Director of Sales and Marketing at 321 Precision Conversions, shares his enthusiasm about this milestone: “We are excited to continue expanding the certification of our A321-200PCF into Malaysia and beyond. The CAAM has determined that our A321 cargo conversion has met stringent certification standards.”

The fully supported A321-200PCF exceeds all expectations by providing (14) A-Code 88 x 125-inch main deck positions and (10) ULD positions in the lower hold when equipped. Capability is increased by decreasing the operating empty weight (OEW) rather than imposing costly weight upgrades. No permanent ballast installation in the aft main deck yields a lower fuel burn, lower carbon footprint, friendly CG, and higher standard payload. The 321 Precision Conversions STC is applicable to both V2500 and CFM engine variants and multiple thrust ratings.

321 Precision Conversions is a joint venture between Aircraft Transport Services Group (ATSG) and Precision Aircraft Solutions (PAS) to deliver the A321-200PCF freighter conversion across the globe. Precision Aircraft Solutions set the global standard for B757 conversions and continues its legacy of industry-leading passenger-to-freighter cargo conversions with the A321.

9800 SW Nimbus Ave, Beaverton, OR 97008
Zachary Young, Director of Sales and Marketing
Zachary.young@www.precisionaircraft.com
U.S. M 971-770-6000; O 336-540-0400

Beaverton, OR., March 1, 2023 — 321 Precision Conversions is pleased to announce SAID has committed to the A321-200PCF conversion product. The conversion and heavy maintenance activities will be accomplished by SMECO, located in Chengdu, P.R.C. The first aircraft, MSN 1926 will be inducted into conversion in March, 2023 with others to follow later in 2023 and early 2024.

“This is a major milestone in our program as we induct the first article B-Registered CAAC aircraft and introduce the A321-200PCF into domestic Chinese freighter operations. The Precision product has earned a strong reputation and trust within China over the past 16 years. We are excited to continue this legacy with supporting SAID as our first Chinese A321-200PCF customer and operator.” -Gary Warner, president, 321 Precision Conversions.

Chen Bo, president of SAID, said “We are confident the A321-200PCF is the perfect platform for future express/integrator cargo as well as general cargo. The low operating empty weight, reliability, and quality of Precision converted products is second to none. With our strong shareholder background and rich resource sharing advantages, SAID has the ability to create value for our customers throughout the A/C lifecycle. China’s air cargo market has huge growth potential, we look forward to witnessing the bright future for narrow-body freighter in China together with 321 Precision Conversions.”

Sichuan Aviation Industry Development Co. Ltd. SAID is jointly funded by Sichuan Airlines, Sichuan Development Aviation Industry Investment Group and Sichuan Airlines Logistics. As a comprehensive, full-process aviation service and Aviation Mid/End-of-Life Asset management company, SAID specializes in providing A321 passenger to freighter conversion services, aircraft leasing and other aviation financial solutions, etc. in mainland China.

Precision Aircraft Solutions
9800 SW Nimbus Ave, Beaverton, OR 97008
Zachary Young, Director of Sales and Marketing
Zachary.young@www.precisionaircraft.com
U.S. M 971-770-6000; O 336-540-0400

Beaverton, OR., March 18, 2022 — HAECO Xiamen inducts its first A321 from 321 Precision Conversions, a joint venture between Precision Aircraft Solutions and ASTG. This induction marks 321 Precision Conversions’ first A321 conversion overseas. HAECO Xiamen has converted Precision freighters (757-200PCF) since 2009 and currently has two active 757-200PCF lines in addition to the new A321-200PCF line. In the future, the 757 lines will gradually be replaced by expanded A321 lines.

Zach Young, Director of Sales and Marketing at Precision Aircraft Solutions, shares his excitement about the addition of a new line at HAECO Xiamen: “Precision and our customers are continuously pleased with the quality, efficiency, and customer service provided by the HAECO MRO network. We look forward to completing many future conversions at this facility.”

Precision Aircraft Solutions specializes in the development of aircraft cargo conversions and special mission modifications, component and kit manufacturing, STC & AMOC certification, and continued airworthiness support. Precision earned its stripes designing, engineering, and developing the popular 757-200PCF STC which was awarded in 2005. The program has reached 150 757-200PCF redeliveries and counting, converting the B757 from passenger service into air cargo freighter for industry-leading companies around the world.

ATSG is a leading provider of aircraft leasing and air cargo transportation and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements. ATSG, through its leasing and airline subsidiaries, is the world’s largest owner and operator of converted Boeing 767 freighter aircraft. Through its principal subsidiaries, including three airlines with separate and distinct U.S. FAA Part 121 Air Carrier certificates, ATSG provides aircraft leasing, air cargo lift, passenger ACMI and charter services, aircraft maintenance services and airport ground services. ATSG’s subsidiaries include ABX Air, Inc.; Airborne Global Solutions, Inc.; Airborne Maintenance and Engineering Services, Inc., including its subsidiary, Pemco World Air Services, Inc.; Air Transport International, Inc.; Cargo Aircraft Management, Inc.; and Omni Air International, LLC. For more information, please see www.atsginc.com.

Precision Aircraft Solutions
9800 SW Nimbus Ave, Beaverton, OR 97008
Zachary Young, Director of Sales and Marketing
Zachary.young@www.precisionaircraft.com
U.S. M 971-770-6000; O 336-540-0400

BEAVERTON, Ore. (January 31^st, 2022) – Precision Aircraft Solutions (Precision) today announced the award of a contract from AerSale^® [NASDAQ: ASLE] for six (6) additional 757-200PCF conversions plus four options, bringing the total number of potential commitments to sixteen (16). AerSale began converting their first 757-200PCF in January 2021, and the 6^th unit will be inducted in February 2022. Later this year, AerSale will begin inducting additional 757-200 conversions in HAECO Xiamen to supplement existing capacity in North America.

Gary Warner, President of Precision Aircraft Solutions, said “Precision is pleased to work with AerSale for these additional 757-200PCF conversions. We value the ongoing business from AerSale, and the 757-200PCF continues to be a reliable and efficient workhorse for e-commerce and general cargo customers. Precision has substantially increased production capacity for both A321 and 757 conversion programs to meet the unprecedented demand.”

Nick Finazzo, AerSale’s Chairman and Chief Executive Officer added, “Our partnership with Precision addresses capacity contraints of freighter aircraft in the market. Through our collective work, we are able to provide timely relief to the supply chain through converted B757-200 aircraft by leveraging our access to the necessary expertise, feedstock of aircraft and precision conversion kits. Our relationship with Precision is critical to our efforts, and we are pleased to work together, both as a customer and maintenance supplier.”

Precision Aircraft Solutions offers world-leading conversions, cutting-edge aircraft modification options, and a full complement of OEM-equivalent integrated aircraft services. Airlines, OEMs, MROs, and leasing companies around the globe choose Precision for quality response, quick turnaround, low costs, less stress, and scalable solutions. For more information, please see www.precisionaircraft.com.

AerSale serves airlines operating large jets manufactured by Boeing, Airbus and McDonnell Douglas and is dedicated to providing integrated aftermarket services and products designed to help aircraft owners and operators to realize significant savings in the operation, maintenance and monetization of their aircraft, engines, and components. AerSale’s offerings include: Aircraft & Component MRO, Aircraft and Engine Sales and

Leasing, Used Serviceable Material sales, and internally developed ‘Engineered Solutions’ to enhance aircraft performance and operating economics (e.g. AerSafe™, AerTrak™, and now AerAware).

Media Contacts:
-For more information about AerSale, please visit our website: www.AerSale.com.

Precision Aircraft Solutions
9800 SW Nimbus Ave, Beaverton, OR 97008
Zachary Young, Director of Sales and Marketing
Zachary.young@www.precisionaircraft.com
U.S. M 971-770-6000; O 336-540-0400

[January 24th, 2022] HAECO Xiamen has signed an agreement with 321 Precision Conversions to provide passenger-to-freighter conversion for its A321-200PCF programme. Since 2009, HAECO Xiamen has partnered with Precision on Boeing 757-200 passenger-to-freighter conversions, having completed 26 such converted freighters.

The A321 aircraft passenger-to-freighter conversion work will be performed at HAECO Xiamen’s facility, beginning in February 2022. Meanwhile, HAECO Americas commences provision of conversion service to 321 Precision Conversions at HAECO’s Lake City, Florida facility starting from January 2022. The two geographical locations will bring benefits and flexibility to A321-200PCF programme while more choices are available for airline customers.

Gary Warner, President of 321 Precision Conversions, stated: “Since 2009, HAECO Xiamen has been a great partner on our B757-200PCF programme demonstrating high quality and efficiency. Expanding the A321-200PCF conversions into HAECO Xiamen was an easy decision as we continue to expand conversion kit capacity to meet high customer demand. We look forward to a long and successful partnership.”

Jacqueline Jiang, Chief Operating Officer of HAECO Xiamen, said: “The partnership with Precision started in 2009. Thanks to Precision for their trust, we are delighted to see our cargo conversion partnership extended from Boeing 757 to Airbus 321. We look forward to providing a wider service to Precision with our comprehensive capability including parts manufacturing.”

As the world’s first MRO to conduct a Boeing 747-400BCF conversion, HAECO Xiamen has established long-standing partnerships with original equipment manufacturers (OEMs) and STC holders. To date, HAECO Xiamen has completed more than 70 conversions, with excellent schedule integrity and rigorous quality assurance.

The HAECO Group is one of the world’s leading aviation product and service providers. The Group provides a comprehensive range of products and services in Airframe, Cabin, Component, and Engine segments. The HAECO Group consists of 16 operating companies, employing around 17,000 staff in Hong Kong, the Chinese mainland, Europe, and the United States. HAECO Group’s website: www.haeco.com

Founded in 1993, HAECO Xiamen is a leading Maintenance, Repair and Overhaul (MRO) service provider in Asia Pacific. It offers a full range of airframe services, including airframe maintenance, modification, cabin reconfiguration, passenger-to-freighter conversions, and line services at 10 airports in China. The Company is also home to HAECO Private Jet Solutions – Asia’s first and only facility approved by Airbus and licensed by Boeing to provide comprehensive design engineering, certification, and cabin completion for private jets. As a one-stop MRO provider, HAECO Xiamen operates its own certified aviation parts manufacturing and testing facilities, and runs a public training and license examination centre. This caters to both the technical and non-technical training needs of the MRO industry throughout the region. HAECO Xiamen is part of the HAECO Group, and The Boeing Company, Cathay Pacific Airways Ltd., Japan Airlines International Co. Ltd., Xiamen Aviation Industry Co. Ltd. and Beijing Kailan Aviation Technology Industry & Services Co. Ltd. are its other shareholders. The Company employs around 4,500 staff in China.

A joint venture between Aircraft Transport Services Group (ATSG) and Precision Aircraft Solutions (PAS) to deliver the A321-200PCF freighter conversion across the globe. Precision Aircraft Solutions set the global standard for B757 conversions and continues its legacy of industry-leading passenger-to-freighter cargo conversions with the A321.

Precision Aircraft Solutions
9800 SW Nimbus Ave, Beaverton, OR 97008
Zachary Young, Director of Sales and Marketing
Zachary.young@www.precisionaircraft.com
U.S. M 971-770-6000; O 336-540-0400

Beaverton, OR., December 31, 2021 — 321 Precision Conversions is pleased to announce Aerovista has secured two A321-200PCF conversions. The two aircraft, MSNs 1451 and 1503 are scheduled to induct during Q1 and Q2 2023.

“We are excited to have Aerovista as our latest A321-200PCF customer and appreciate their confidence in Precision as the market leader in large narrowbody conversions.” – Zach Young, Director of Sales and Marketing, 321 Precision Conversions.

Aerovista is a lessor based out of Dubai, UAE which has long specialized in narrow-body aircraft, particularly focusing on the A320 family. Building upon their previous individual experience of leasing, trading, and converting narrow body aircraft, Aerovista has been developing its freighter product offering since early 2021.

“We are excited to be embarking on the next phase of our company’s growth stage and expanding our product offering with the latest A321PCF to offer to our clients. Furthermore, we are delighted to partner with Precision Aircraft Solutions to deliver our first two freighters as they have a reputable and proven track record of successfully converting aircraft.” – Yuriy Tokarev, Vice-President of Asset Management, Aerovista.

Precision Aircraft Solutions
9800 SW Nimbus Ave, Beaverton, OR 97008
Zachary Young, Director of Sales and Marketing
Zachary.young@www.precisionaircraft.com
U.S. M 971-770-6000; O 336-540-0400

The legendary aircraft conversion has been in the air for one million hours and over 550,000 combined flight cycles, and counting.

Beaverton, OR., November 5, 2021 — Precision is celebrating a major milestone for its famous B757 cargo conversion aircraft, as it just crossed the one-millionth hour of flight across its nearly 150 converted aircraft.

Sixteen years after the first converted B757 entered service, Precision continues to not only support the existing converted aircraft, but continues to actively convert B757s, with 19 aircraft converted in 2021 and 15 aircraft already scheduled to be converted into 2022.

Precision maintains the most-successful 757 conversion program on the planet, converting more 757s than any other company in the world. With five conversion lines (3 in China, 2 in North America) and conversions operating on six continents represented by 25 operators across 18 countries, the B757-200PCF has had a profound impact on global trade and air freight.

“We’ve set the standard with the B757-200PCF and this product has clearly stood the test of time. There are no other fleet types that offer the same amount of payload, volume, and range.”- Zach Young, Director of Sales and Marketing.

Of the current narrowbody freighter conversion offerings, the B757-200PCF offers:

Global demand remains strong for this aircraft, sixteen years after the first conversion was completed. Precision will continue to convert and service the B757 for as long as the demand persists by general cargo and express operators around the globe. As of the publishing of this press release, Precision Aircraft Solutions has delivered converted B757s to 25 different customers around the globe.

Precision Aircraft Solutions looks to build on the legacy of the B757 conversion by setting the standard for the popular Airbus A321-200PCF aircraft. Through a joint venture with Air Transportation Services Group, Inc. (ATSG), 321 Precision Conversions was created to develop a passenger-to-freighter conversion for the A321-200PCF. The 321 Precision Conversions’ A321-200 freighter will provide a best-in-class solution, fulfilling both replacement and growth needs in the narrowbody freighter market.

Precision Aircraft Solutions | 321 Precision Conversions
9800 SW Nimbus Ave, Beaverton, OR 97008
Zachary Young, Director of Sales and Marketing
Zachary.young@www.precisionaircraft.com
U.S. M 971-770-6000; O 336-540-0400

Beaverton, OR., October 1, 2021 — 321 Precision Conversions is pleased to announce Greenwich Highland Aviation as its latest A321-200PCF customer. Greenwich has initially pledged two aircraft, msn 1438 and 1953, which will induct in early 2022 at HAECO Americas in Lake City, Florida. The pair of A321-200PCFs will be leased to Global Crossing Airlines Group, Inc. (JET: TSX-V; JET.B: TSX-V; JETMF: OTCQB) (the “Company” or “GlobalX”). 321 Precision Conversions continues to see strong demand for the A321-200PCF freighter conversion, with orders extending well into 2023. 321 Precision Conversions received its FAA STC in April 2021.

“We are excited to have Greenwich Highland Aviation and GlobalX as early adopters of the A321-200PCF and look forward to supporting them for many years as they continue to grow their fleet.” -Zach Young, Director of Sales and Marketing, 321 Precision Conversions.

Greenwich Highland Aviation was formed in 2011 by a team of aviation industry professionals, each with over 25 years of experience, GHA has become a very successful lessor and trader, specializing particularly in the A320 family. Building on previous individual experience in converting and leasing P2F narrow body equipment GHA has for some time been developing its A321 P2F lease offering package for the narrow body freighter market.

Precision Aircraft Solutions
9800 SW Nimbus Ave, Beaverton, OR 97008
Zachary Young, Director of Sales and Marketing
Zachary.young@www.precisionaircraft.com
U.S. M 971-770-6000; O 336-540-0400

The converted aircraft will be the first A321-200PCF equipped with V2500 engines.

Beaverton, OR., July 12, 2021 — 321 Precision Conversions has inducted its 3rd A321-200PCF, MSN 1204. The converted aircraft is scheduled to enter service with a European operator later this year.

This conversion represents an exciting period of expansion for 321 Precision Conversions, which will expand its A321-200PCF conversion capacity to 5+ conversion lines by 2023. The A321-200PCF is well-supported with Precision’s existing network of over 140 converted aircraft globally. The A321-200PCF has the highest standard payload and lowest operating empty weight of any A321 conversion available today.

Precision Aircraft Solutions
9800 SW Nimbus Ave, Beaverton, OR 97008
Zachary Young, Director of Sales and Marketing
Zachary.young@www.precisionaircraft.com
U.S. M 971-770-6000; O 336-540-0400

The AMOC approval is for model 757-200 series airplanes converted to freighter by STC ST01529SE with the Simmons/Goodrich FQIS System installed.

Beaverton, OR., June 16, 2021 — Precision Aircraft Solutions received FAA AMOC approval on FQIS (Fuel Quantity Indicating System) modification. This modification increases separation from surrounding system wires from the FQIS processor to the center wing tank penetration. The entire length of the new FQIS wires will be sleeved with TFE tubing, to address areas where increased separation is not possible. Accomplishment of this service bulletin will help to prevent possible sources of ignition caused by hot shorts to surrounding wires. If this service bulletin is not done, a hot short to the FQIS wires outside the tank in combination with an in-tank wire/sensor fault to the structure, can become an ignition source inside the center wing tank.

Precision Aircraft Solutions specializes in the development of aircraft cargo conversions and special mission modifications, component and mod kit manufacturing, STC & AMOC certification, and continued airworthiness support. Precision earned its stripes designing, engineering, and developing the popular 757-200PCF STC which was awarded in 2005. By the end of 2021, the program will reach 145 757-200PCF redeliveries, converting the B757 from passenger service into air cargo freighter for industry-leading companies around the world.