Aviation Sales Company's TIMCO and AIM Aviation Partner to Offer New Cockpit Doors.

Business Editors

GREENSBORO, N.C.--(BUSINESS WIRE)--Feb. 4, 2002

Aviation Sales Company (OTCBB:AVIO) today announced that its TIMCO and TIMCO Engineered Systems divisions have partnered with AIM Aviation, Inc. to develop new ballistic and impact resistant cockpit doors for commercial aircraft.

The doors, sold with all parts necessary for installation as a kit, include reinforced jambs and surround structure, keyless entry and flight deck indication and control.

AIM Aviation, based in Renton, Washington, will manufacture the door assemblies with the ballistic material while TIMCO will manufacture the reinforced door jambs and entry systems. The product will be Federal Aviation Administration (FAA) certified with Supplemental Type Certificates issued under TIMCO's Designated Alteration Station (DAS) authority.

"We're pleased to work with a world-class aircraft interior products company such as AIM on this important project that will provide additional security for the airline industry," said Gil West, President and Chief Operating Officer of Aviation Sales Company.

"Our ability to produce high quality ballistic doors coupled with TIMCO's ability to engineer, certify and perform the installations provides our airline customers an integrated solution to cockpit security," said Mark Potensky, President of AIM Aviation.

Aviation Sales Company is a leading independent provider of fully integrated aviation maintenance, repair and overhaul (MR&O) services for major commercial airlines and maintenance and repair facilities. The Company currently operates four MR&O businesses: TIMCO, which, with its three locations, is one of the largest independent providers of heavy aircraft maintenance services in North America; Aerocell Structures, which specializes in the MR&O of airframe components, including flight surfaces; Aircraft Interior Design, which specializes in the refurbishment of aircraft interior components; and TIMCO Engine Center, which refurbishes JT8D engines. The Company also operates TIMCO Engineered Systems, which provides engineering services to our MR&O operations and our customers.

This press release contains certain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. A number of factors, including those identified in the Company's Annual Report on Form 10-K for the year ended December 31, 2000 and those identified below, could adversely affect the Company's ability to obtain these results: the Company's ability to satisfy the conditions to its note exchange offer and consent solicitation and rights offering, the Company's ability to continue to generate sufficient working capital to meet its operating requirements and service its indebtedness, the Company maintaining good working relationships with its vendors and customers, the Company's ability to achieve gross margins at which it can be profitable, including margins on services the Company performs on a fixed price basis, competition in the aircraft maintenance, repair and overhaul market and the impact on that market and the Company of the terrorist attacks on September 11, 2001, the Company's ability to attract and retain qualified personnel in its business, utilization rates for its MR&O facilities, the Company's ability to effectively manage its business, competitive pricing for the Company's products and services, economic factors which affect the airline industry, and changes in government regulations. Certain of these risks are described in the Company's filings with the Securities and Exchange Commission (SEC). Copies of the Company's SEC filings are available from the SEC or may be obtained upon request from the Company. The Company does not undertake any obligation to update the information contained herein, which speaks only as of this date.