Aerospace Products International Announces Senior Vice President of Marketing and Sales.

MEMPHIS, Tenn. -- Aerospace Products International Inc. ("API"), a wholly-owned subsidiary of First Aviation Services, Inc. (NASDAQ - FAVS), today announced the appointment of Jean-Marie (Jim) Pogu as Senior Vice President of Marketing and Sales.

Jim Pogu comes to API from Honeywell, where he most recently served as Director of Sales and Marketing for the Hardware Products Group. Prior to this Jim was Vice President of Sales and Marketing for Fairchild Fasteners, and he was formally Director of Customer Service for Turbomeca.

Jim Pogu's new responsibilities as Senior Vice President of Marketing and Sales for API will encompass the management of Sales and Marketing activities for all customer segments in the United States, which includes leading API's supply chain management services and distribution business. "Jim has worked with industry leading supply chain management services and distribution companies. This makes him an excellent choice to drive API's marketing and sales strategy and implementation. We are pleased and excited to have Jim as a key member of the API leadership team," says Paul Fanelli, President and CEO of API.

Reflecting on his decision to join API, Jim points out the challenges and opportunities facing companies in today's aviation industry: "API's innovations in the aerospace supply chain has positioned it to take advantage of changes in the industry, especially as it relates to technology and outsourced supply chain management. An example of this is our Electronic Parts Supply (ESP) which enables our customers to increase service levels while reducing overall costs".

First Aviation Chief Executive Officer, Michael Culver adds, "I am impressed not only with his industry knowledge but Jim's ability to take this expertise and develop practical business solutions for customers. Jim rounds out a fundamentally new management team made up of excellent supply chain management and distribution experience from both the aviation industry and high growth, high service level industries around the world."

About Aerospace Products International and First Aviation

First Aviation, located in Westport, Connecticut and its principal operating subsidiary, Aerospace Products International Inc. ("API"), based in Memphis, Tennessee, is one of the leading suppliers of products and services worldwide to manufacturers and aircraft operators of some of the most widely used commercial and general aviation aircraft. In addition to its parts and components supply services, API is a leading provider of supply chain management and customized third party logistics services and technology solutions, including inventory management services. API also offers overhaul and repair services for brakes and starter/generators, and builds custom hose assemblies. With locations in the U.S., Canada, Europe and Asia Pacific, plus partners throughout the world, API continues to be one of the premier suppliers of aviation products, supply chain management services and technology solutions in the industry.

More information about API and First Aviation can be found on the World Wide Web at http://www.favs.com and http://www.apiworldwide.com.

Forward-Looking Statements

Certain statements discussed in this release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical facts, but rather reflect the Company's current expectations concerning future events and results. Such forward-looking statements, including those concerning the Company's expectations, involve known and unknown risks, uncertainties and other factors, some of which are beyond the Company's control, that may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks, uncertainties and other important factors include, among others: the Company's ability to obtain parts and components from its principal suppliers on a timely basis; depressed domestic and international market and economic conditions; especially those currently facing the aviation industry as a whole; the impact of changes in fuel and other freight related costs; relationships with its customers; the ability of the Company's customers to meet their financial obligations to the Company; the ability to obtain and service supply chain management contracts; changes in regulations or accounting standards; the ability to consummate suitable acquisitions and expand; other items that are beyond the Company's control may cause actual results to differ from management's expectations; and other factors as are described in Item 7, (Management's Discussion and Analysis of Financial Condition and Results of Operations) in the Company's Annual Report on Form 10-K for the year ended January 31, 2003. In addition, specific consideration should be given to the various factors described in this release.