Precision joint venture to convert B757-200
09 / 03 / 2015
Precision Aircraft Solutions and Aerolease Aviation have acquired a B757-200 in a joint venture to convert the passenger jet into a high-payload, 15-position freighter.
The aircraft was purchased from AeroTurbine, a subsidiary of aircraft lessor AirCap, but financial details were not released.
"This project is an exciting collaboration of two industry experts," said Aerolease president Jep Thorton. “With Aerolease’s proficiency in 757 freighter development and marketing, along with Precision’s aptitude in flight-efficient conversions, this aircraft will embody a powerful combination of product excellence and proven experience.”
Miami-based Aerolease invests exclusively in the B757 aircraft and has participated in several conversion projects with Portland-based Precision. Conversion is scheduled to begin later this month.
“Combining the extensive marketing and technical expertise of both Aerolease and Precision offers air operators a product ready to haul cargo and produced by people dedicated to cargo aircraft development,” said Precision president Gary Warner.