Precision Conversions signed a deal with Cygnus Air of Spain for one 757-200 freighter conversion plus one option. The aircraft will enter the conversion process in July. Cygnus provides cargo services to Iberia with three DC-8s. Precision also will convert two 757s to freighters under an agreement with Babcock & Brown Aircraft Management. The contract calls for "multiple options" on future 757-200 conversions, Precision said. Operators for the aircraft were not disclosed.

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