Aviation Sales Company Names C. Robert Campbell Executive Vice President and Chief Financial Officer.

Business Editors

GREENSBORO, N.C.--(BUSINESS WIRE)--Jan. 29, 2002

Aviation Sales Company (OTCBB:AVIO) today announced that C. Robert Campbell has been appointed Executive Vice President and Chief Financial Officer of the Company, effective immediately. Mr. Campbell replaces Michael C. Brant, who will be leaving the Company to pursue other interests after a period of transition during which he will remain a consultant to the Company.

Mr. Campbell, age 57, has over 20 years of senior financial management experience. Most recently, from 1998 to 2000, Mr. Campbell was the President and Chief Executive Officer of BAX Global, Inc., a provider of air freight, ocean freight and supply chain management services, and from 1995 to 1998, Mr. Campbell was the Executive Vice President, Finance and Chief Financial Officer of Advantica Restaurant Group, Inc., a food services company. Prior to joining Advantica, Mr. Campbell held various senior management positions with Ryder System, Inc., a transportation and logistics company, including CFO of its Vehicle Leasing and Services Division.

Gil West, President and Chief Operating Officer of Aviation Sales, stated: "We are very excited to have Bob join our Company and our senior management team. Bob brings to our organization invaluable managerial and financial experience. We are confident that he will contribute significantly towards the improvement of our operations."

Mr. Campbell added: "I am very excited about joining the Company and working closely with its employees and management. I believe that with the talent and continued hard work of our employees, we will maintain the Company's position as a leader in the airframe heavy maintenance market and provide industry leading quality and delivery performance."

Roy T. Rimmer, Jr., the Company's Chairman and Chief Executive Officer, stated: "We want to thank Michael Brant for his hard work and efforts as our Chief Financial Officer over the last two years. We wish him luck in his future endeavors."

Michael C. Brant stated: "It has been an honor working with the many talented and dedicated employees and executives at the Company. I feel confident that with the leadership of the Company's management team, the Company will continue to grow and thrive as it works to build on its market leading position as the largest independent provider of heavy airframe maintenance in the world."

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 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.