321 Precision Conversions receives A321-200PCF conversions order

A joint venture (JV) formed by Zetland Capital Partners and Greenwich Highland Aviation (GHA) has secured four A321-200PCF conversion slots with 321 Precision Conversions.

These four A321-200PCF conversions follow an order by the JV for two aircraft, MSN 1438 and MSN 1953, which will be introduced early this year at HAECO Americas in Lake City, Florida.

Conversion of the additional four airframes will begin 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,” said Zach Young, director of sales and marketing, 321 Precision Conversions.

GHA was formed in 2011 and has become a successful lessor and trader, specialising particularly in the A320 family. Building on previous individual experience in converting and leasing narrow body freighter equipment, GHA has been developing its A321 freighter lease offering package for the narrow body freighter market.

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 worldwide. 

Zetland Capital Partners LLP (Zetland) is a London-based private equity firm investing in mid-market special situations.