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Precision Aircraft Solutions

AA accelerates fleet retirements, frees up feedstock

American Airlines’ plans to accelerate the retirement of its older aircraft in light of the sharp drop in passenger traffic due to the COVID-19 pandemic will result in a feedstock situation that could be attractive for those looking to add 757 freighters. Apart from cutting much of its international traffic, Doug Parker, CEO of American […]

EFW to begin A321 conversions at Guangzhou site

Elbe Flugzeugwerke (EFW), the joint venture between Airbus and ST Engineering Aerospace, will start converting A321-200s into freighter configuration at a second site in Guangzhou later this year, in addition to the ST Engineering facility in Singapore (XSP). Luxembourg-based Vallair told Cargo Facts that its next three A321s to be converted by EFW will likely all be converted at […]

Olympus Airways looks to grow freighter fleet

Greece-based Olympus Airways plans to expand its fleet of freighter aircraft and expects to have five 757-200Fs by the end of the year. The airline is new to freighters, having only taken its first in December 2019. Olympus’ first 757-200PCF (25294, ex-American Airlines) was converted by Precision Aircraft Solutions at the AerSale facility in Goodyear […]

China Postal receives seventh 757-200PCF

China Postal Airlines has taken redelivery of its seventh 757-200PCF (32342, ex-China Southern Airlines) [FAT 005277] following conversion to freighter configuration by Precision Aircraft Solutions. The aircraft is the final conversion of a batch of seven ex-China Southern 757-200s acquired from Boeing in December 2015. Precision Aircraft Solutions confirmed to Cargo Facts that it had […]

Swiftair’s Cygnus Air adds first of three planned 757-200PCFs from Jetran

Spain-based Swiftair added a 757-200PCF this week (24613, ex-American Airlines) following conversion to freighter configuration by Precision Aircraft Solutions at Flightstar Aircraft Services in Jacksonville, Florida.  [FATs 00525-005259]. The aircraft was the first of three Swiftair-bound conversions ordered by Jetran and will be operating for Swiftair’s affiliate carrier, Cygnus Air, which the company acquired last […]

SF Airlines takes eighth freighter in 2019

SF Airlines has taken redelivery of a 757-200PCF (29944, ex-TUI Airways) from Precision Aircraft Solutions [FAT 005255]. The Shenzhen (SZX)-based carrier has now added eight freighters to its fleet this year, far surpassing any other Chinese airline. Unit 29944 began its life in 1999, flying in passenger configuration until 2019. It was then inducted for […]

SF Express earmarks $212 million for aircraft purchases in latest bond offer

This week, Shenzhen-based SF Holdings, the parent of SF Express and SF Airlines, announced the issuance of six-year convertible bonds in hopes of raising US$825 million (5.8 billion yuan). Of this amount, the largest allocation, some $212 million, will go towards aviation-related expenses including maintenance of SF Airlines’ existing freighter fleet, and to fund the […]
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