PORTLAND, OR, — July 18th, 2011 — Precision Conversions, LLC (Precision) is pleased to announce that the company has commenced modification of a second 757-200PCF for Aviation Capital Group (ACG). The 1991 Rolls-Royce powered, B757-200 (MSN 25258) was inducted for conversion at Flightstar Aircraft Services facility in Jacksonville, Florida and will be re-delivered in the beginning of October. This aircraft is the second aircraft from a previous award to Precision Conversions by ACG and will include the weight upgrade package which is capable of carrying up to 80,000 lbs (36,287kg) of payload.

Brian McCarthy, Precision Conversions’ Vice President Marketing and Sales said, “We are pleased that ACG has continued confidence in the Precision Conversions High Payload 757-200PCF variant.” He added, “This aircraft also represents a major milestone for Precision Conversions as it is the 30th 757-200PCF conversion that will be delivered to the market.”

Precision Conversions has re-delivered a total of 29 freighters operating in Europe, North and South America, India, Africa, and P.R. China.

About Precision Conversions, LLC

Precision Conversions, LLC (www.precisionaircraft.com) maximizes the utility, service life, revenue potential and residual value of the B757-200 as a freighter for its aircraft Owners and Operators The company maintains its executive offices and operations in Portland, Oregon with an additional marketing and sales office in North Carolina.