Pemco World Air Services agreed to acquire the 757 cargo conversion operations and assets of Alcoa--SIE Conversions, a California-based Alcoa company joined with Structural Integrity Engineering. Pemco will acquire ASCC's 757-200 STC, allowing it to add the conversion program to its product line early next year. It currently offers freighter, combi, and quick-change configurations of the 737-300 and 737-400. Financial details were not disclosed.

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