Precision Conversions, LLC to Provide a 757-200PCF Conversion for Ethiopian Cargo.

PORTLAND, Ore. -- Precision Conversions, LLC (Precision) announced that the company will be providing a 757-200PCF conversion to Ethiopian Cargo. The aircraft, which is currently being operated in a passenger configuration by Ethiopian Airlines, will be pulled from the active fleet and enter conversion on May 7th, 2006. Ethiopian Airlines has embarked on enhancing its cargo operation with the opening of a new cargo terminal facility which will be commissioned on May 5th, 2006. The conversion of the B757 aircraft is part of the Ethiopian Airlines cargo enhancement program.

Brian McCarthy, Precision Conversions' Vice President of Marketing and Sales stated, "Upon reviewing the Ethiopian Cargo requirements, we believe the Precision Conversions 757-200PCF will be an excellent addition to their fleet because it is the only 757 conversion on the market that can achieve both 15 full pallet positions and a 30 metric tonne NET payload."

The modification will take place at the Goodrich ATS facility in Everett, Washington. The 757-200 aircraft that will undergo conversion is Pratt & Whitney 2040 powered and will represent the third Pratt & Whitney powered aircraft that Precision Conversions has converted.

Since receiving STC approval in June of 2005, Precision Conversions has delivered four 757-200PCF freighters to various global customers. The fifth conversion, currently in work, is scheduled to be delivered mid-May 2006.

About Precision Conversions, LLC

Precision Conversions, LLC (www.precisionconversions.com) develops, engineers, integrates, certifies, and markets aircraft modifications that improve the performance, utility and flight efficiencies of air transport aircraft. The company maintains its executive offices in Portland, Oregon with additional offices in California and North Carolina.