Precision Conversions Announces Agreement With AeroTurbine Inc. to Be New North American Modification Provider for 757-200PCF Conversions

PORTLAND, OR—(Marketwire – Feb 12, 2013) – Precision Conversions, LLC (Precision) is pleased to announce that it has reached an agreement with Goodyear, Arizona based AeroTurbine Inc, MRO Facility, to provide 757-200PCF Freighter and 757-200PCC Combi modifications for the company. Additional services provided by AeroTurbine Inc. will include regular maintenance checks, aircraft painting and avionics modifications. AeroTurbine Inc. is a wholly owned subsidiary of International Lease Finance Corporation (ILFC).

Gary Warner, Precision Conversions’ President, said, “The addition of AeroTurbine as a modification and installation provider for Precision, gives our company newly added capacity and flexibility.” He added, “AeroTurbine has an excellent reputation within the industry, cargo conversion experience and is centrally located so we are pleased to offer this option to our customers.”

“We are extremely pleased with our agreement with Precision, as we believe that our MRO operations in Goodyear, Arizona are ideally suited for the 757 aircraft Freighter and Cargo modifications,” said Michael King, President and CEO of AeroTurbine Inc. “Precision is a very professional and well-respected company, and we look forward to a long and mutually beneficial relationship with them.”

Precision Conversions currently has two other approved modification and installation facilities — Flightstar Aircraft Services, located in Jacksonville, Florida, and TAECO, located in Xiamen, China.