321 Precision Conversions, a provider of Airbus A321-200PCF freighter conversions, has announced that Erickson Group (Erickson), a global and diversified aviation and aerospace business, has acquired full ownership of the company through its wholly owned subsidiary, Precision Aircraft Solutions.
Under the terms of the transaction, Erickson has increased its existing majority holding in 321 Precision Conversions by acquiring the minority stake previously owned by Air Transport Services Group (ATSG). That interest had been held through ATSG’s subsidiary, Cargo Aircraft Management, Inc.
The acquisition consolidates Erickson’s position within the narrowbody freighter conversion market and provides 321 Precision Conversions with the strategic backing of a larger, vertically integrated aerospace group. With full ownership now secured, Erickson is expected to align the company more closely with Precision Aircraft Solutions’ engineering, certification and programme management capabilities, supporting continued development of the A321-200PCF platform and enhancing its competitiveness in the global cargo aircraft sector.
“This is an important strategic milestone for the future of 321 Precision Conversions as it strengthens our commitment to delivering advanced freighter conversion solutions to global cargo operators,” commented Gary Warner, President of 321 Precision Conversions. “Full ownership under Erickson enables us to invest more boldly in our people, our partners, and the next generation of conversion programs. We thank ATSG for their support and collaboration over the years, and will continue to support them as a customer.”
“We’re grateful to ATSG for their partnership and support in building the A321PCF program,” stated Dylan Garner, President, Erickson Group. “We believe strongly in the platform, the team at 321 Precision Conversions, and the long-term demand for narrow-body freighters. We’re excited to build on this foundation and continue investing in the program’s next phase of growth.”
“ATSG has played an active role in the development and launch of the A321PCF program,” added Todd France, Chief Commercial Officer, ATSG. “We’re pleased to transition our interest in the program to Erickson, whose leadership will guide 321 Precision Conversions into its next phase. We look forward to continuing to market the A321 converted freighter as part of ATSG’s broader leasing portfolio.”
