Aviation Sales Company Agrees to Allow Lacy J. Harber to Acquire Up to 25% of the Company's Common Stock and Enters Into Standstill Agreement With Mr. Harber.

Business Editors

MIAMI--(BUSINESS WIRE)--March 20, 2000

Aviation Sales Company (NYSE:AVS) today announced that it has approved an agreement with current 14% stockholder, LJH Corporation ("LJH"), which is wholly-owned by Lacy J. Harber of Dennison, Texas, and Mr. Harber, that limits for a period of five years the number of shares of the Company's common stock that Mr. Harber and LJH (together) are authorized to acquire.

The agreement permits Mr. Harber and LJH (together) to acquire beneficial ownership of up to 25% of the outstanding shares of the Company. The agreement also permits LJH and Mr. Harber (together) to nominate one candidate for election to the Board of Directors of the Company for so long as Mr. Harber and LJH (together) own at least 8% of the Company's outstanding shares. Mr. Harber and LJH have also agreed not to engage in certain activities without approval of a majority of the Company's disinterested board members.

The Company's Rights Agreement, dated as of November 1, 1999, relating to the Company's Stockholders' Rights Plan, has also been amended consistent with the terms of the agreement. Purchases of the Company's common stock by Mr. Harber and LJH within the terms of the amendment will not trigger the exercise of any rights under the Rights Agreement and no rights will be distributed in connection therewith.

Aviation Sales Company is a leading independent provider of fully integrated aviation maintenance and inventory services, including aircraft heavy maintenance, component repair and overhaul, leasing, the distribution of aircraft spare parts and the manufacture of new components for major commercial airlines, original equipment manufacturers and maintenance and repair facilities.

Except for historical information contained herein, this release contains certain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. 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 below, could adversely affect the Company's ability to obtain these results: available capital to continue to support and further expand the Company's operations, the Company's ability to acquire adequate inventory and to obtain favorable pricing for such inventory, competitive pricing for the Company's products and services, increased competition in the aircraft spare parts redistribution and MRO markets, the ability to consummate suitable acquisitions, the continuing ability to effectively integrate acquisitions, 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.