PORTLAND, OR–(Marketwire – October 20, 2010) –  Precision Conversions, LLC (Precision) is pleased to announce that the company has been awarded a contract for the design, engineering and certification of a 757-200PCC Combi variant for Cargo Aircraft Management, Inc., (CAM) a subsidiary of Air Transport Services Group, Inc. (ATSG) headquartered in Wilmington, Ohio. The Combi variant, designated the 757-200PCC, to be developed by Precision Conversions will incorporate 10 full cargo pallet positions along with passenger seating for up to 58 occupants.

Steven Thomas, Precision Conversions’ President, said, “The addition of a 757-200 Combi variant to the Precision Conversions product offering further demonstrates our commitment to maximizing the utility of the 757-200 platform.” 

Bill Tarpley, Chief Operating Officer of Cargo Aircraft Management, Inc., stated, “As the sole provider of DC-8 Combi aircraft for the U.S. Air Mobility Command and other customers, ATSG intends to be strategically positioned to provide a next-generation complement to our four DC-8 Combis as a market for 757-200 Combis develops.”

CAM already owns two Precision Conversions full 15 pallet position 757-200PCF freighters, which are currently being operated by its sister company Capital Cargo International Airlines. 

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.

About Cargo Aircraft Management, Inc. (CAM)

CAM provides customized aircraft leasing programs. In addition to the dry lease of freighter aircraft, CAM can provide all the other equipment — manuals, maintenance programs, engineering services, ground equipment, and training — needed to operate the aircraft. CAM currently owns and leases Boeing 767-200SF, 757-200PCF, B727-200 and DC-8 aircraft, all with various operating weights and avionics capabilities. CAM will also begin offering 767-300 extended range freighters for lease during 2011. Visit www.cargoleasing.com.