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January 5, 2007

Alcoa-SIE Cargo Conversions Redelivers First 757-200ASF

SIMI VALLEY, Calif.--(BUSINESS WIRE)--Alcoa Inc. (NYSE:AA) announced today the first redelivery of its Alcoa-SIE Cargo Conversions 757-200ASF freighter conversion program. The converted freighter (MSN 24235) was redelivered to Babcock & Brown Aircraft Management.

"The redelivery of our initial 757-200 freighter conversion is a very important step in the program. We look forward to providing world-class product support as the aircraft enters revenue service in the coming weeks,” said Robert Murphy, President of Alcoa-SIE Cargo Conversions (ASCC), adding “operator interest in the ASCC 757-200 freighter conversion is stronger than ever. Together with a scalable supply chain of highly regarded, experienced and stable companies, ASCC is ready to meet the needs of cargo operators looking to utilize the most cost efficient narrow body freighter available today, the ASCC 757-200ASF.”

“Demand for the ASCC converted Boeing 757 Freighter is strong because it has good revenue generating potential. We look forward to working with our customers to fill their lift requirements so that they can realize their market opportunities," said Howard Dugger, vice president of Babcock & Brown Aircraft Management.

ASCC recently received a supplemental type certificate from the FAA for the 757-200ASF program, as well as certification of the freighter conversion by the ANAC in Brazil. Additional certification programs are ongoing for EASA, China and other airworthiness authorities to allow the ASCC to meet world-wide demand for the program.

Alcoa-SIE Cargo Conversions:

Formed in 2003 to provide innovative products and services to the air cargo industry, ASCC’s first product offering is the 14Plus 757-200 cargo conversion. ASCC’s 14Plus offers the greatest value in a narrow body freighter, as well as having unmatched capacity and support capability with through its partnership with American Airlines.