Beaverton, OR., [January 17, 2022] — 321 Precision Conversions is pleased to announce that a joint venture formed by Zetland Capital Partners and Greenwich Highland Aviation has secured four additional A321-200PCF conversions for a total of six commitments. The joint venture initially pledged two aircraft, MSN 1438 and MSN 1953, which will induct in early 2022 at HAECO Americas in Lake City, Florida. The additional four airframes will be inducted for conversion beginning in the first quarter of 2023.
“We are excited to see Zetland Capital Partners and Greenwich Highland Aviation continue to expand their future A321-200PCF commitments and appreciate their continued confidence in Precision as the market leader in large narrowbody conversions.” – Zach Young, Director of Sales and Marketing, 321 Precision Conversions.
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.
Zetland Capital Partners LLP (Zetland) is a London-based private equity firm investing in mid-market special situations. Zetland leverages decades of investing experience, a unique skillset and flexible capital solutions to bring about better outcomes for businesses, asset owners and the wider community. Zetland partners with management teams and operating partners, focusing primarily on supporting businesses through dislocations and driving value creation. Zetland manages over €1bn of long-term committed capital for pension plans, endowments, foundations, and family offices.
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 narrow body freighter equipment GHA has for some time been developing its A321 freighter lease offering package for the narrow body freighter market.