Precision, ATSG form joint venture for passenger-to-freighter conversion of Airbus A321-200

Precision Aircraft Solutions, LLC (PAS), a wholly owned subsidiary of Erickson Group Ltd. (EGL) of Beaverton, Oregon, and Air Transport Services Group, Inc. (Nasdaq: ATSG) through its subsidiary Cargo Aircraft Management, Inc. (CAM) of Wilmington, Ohio, have announced the formation of 321 Precision Conversions, LLC, a joint-venture company to develop a passenger-to-freighter conversion of Airbus A321-200 aircraft, the companies said.

321 Precision Conversions, LLC anticipates approval of a supplemental type certificate (STC) for A321-200 conversions in 2019. PAS began feasibility analysis for A321-200 conversions in late 2011. Full-scale engineering for STC development began in the third quarter of 2016.

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. It will deliver cube space that is commensurate to Boeing 757 freighters, and low operating costs comparable to smaller Boeing 737 freighters, making it an attractive platform for air express network operators. Additional details and information about the A321-200 conversion will be released at the Cargo Facts Symposium in Miami, Florida, October 2–4, 2017.

The A321-200 is a variant of the Airbus A320 family of aircraft. The first A321-200 entered service in 1997 as a longer-range successor to the A321-100. As of July 30, 2017, a total of 1,425 Airbus A321-200 passenger aircraft are in service.

ATSG is a 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.

Precision Aircraft Solutions is an aerospace major modification, products, and services company. They earned their stripes as Precision Conversions, performing 757 freighter and combi conversion for industry-leading companies, including SF Airlines, DHL, Air China Cargo, and ATI. Precision´s 757 freighter conversion, the 757 PCF, and their 757 combi conversion, the 757 PCC, are unparalleled in their fields.