Precision Conversions Wins Contract From Air China Cargo to Produce Four 757-200PCF Full 15 Cargo Position Freighters

PORTLAND, OR--(Marketwired - Aug 12, 2013) - Precision Conversions, LLC (Precision) is very pleased to announce that the company has won a contract to provide Air China Cargo Co. Ltd., (a Joint Venture between Air China and Cathay Pacific Airways), a total of four (4) full 15-cargo position 757-200PCFs. The first aircraft was inducted for modification at the Taikoo Aircraft Engineering Co. Ltd. (TAECO) maintenance facility in Xiamen on July 31^st. The second aircraft will commence modification in November. The remaining two aircraft are being placed in production slots for early 2014. All four aircraft will be used for express package transportation in China. Air China Cargo Co. Ltd., is based in Beijing, China and operates to 36 cities in 27 countries.

Gary Warner, Precision Conversions' President, said, "We are honored to be awarded this order by Air China Cargo." He added, "The Chinese market has been an integral part of our success and our 757-200PCF product has proven to be the most effective freighter to fill the particular needs of the region."

To date, Precision Conversions has redelivered a total of thirty six (36) full 15 cargo position 757-200PCF freighters to customers operating in Europe, North and South America, India, Africa, and P.R. China. Precision also redelivered one (1) 757-200PCF Combi aircraft variant earlier this year.

About Precision Conversions, LLC

Precision Conversions, LLC (www.precisionconversions.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.