America West Selects Brice Seating Precedes Renewal of TIMCO Heavy Maintenance Contract GREENSBORO, N.C., July 30 /PRNewswire-FirstCall/ -- TIMCO Aviation Services, Inc. (OTC:TMAS) (BULLETIN BOARD: TMAS) announced that America West selected the company's subsidiary, Brice Manufacturing Company, for its fleet renewal program. The work scope includes seating for America West's 22 new Airbus A320/A319 aircraft and the possibility of follow-up work to retrofit a number of aircraft in its current fleet. TIMCO also has announced the renewal of its multiple-year contract with America West for the supply of heavy maintenance services for the carrier's Boeing 737, Boeing 757 and Airbus A319/320 fleets at TIMCO's Macon, Ga. (TIMCO-MCN), and Lake City, Fla. (TIMCO-LCQ), facilities. Gil West, president and COO of TIMCO, said, "The America West program is significant because it marks the first time a major U.S. carrier has adopted Brice seating products. Coupled with our existing heavy maintenance contract with America West, this award reflects TIMCO's strategy to become a one-stop- shop provider of high-quality support services for the aviation industry." TIMCO Aviation Services Inc. is among the largest providers of fully integrated aviation maintenance, repair and overhaul (MRO) services for major commercial airlines, regional air carriers, aircraft leasing companies, government and military units, and air cargo carriers. Four locations make TIMCO one of the largest independent providers of heavy aircraft maintenance MRO services in North America. Aircraft Interior Design, Inc. and Brice Manufacturing Company specializes in the refurbishment of aircraft interior components and the manufacture and sale of PMA parts and new aircraft seats. TIMCO Engineered Systems, Inc. provides engineering services to MRO operations and external customers. TIMCO Engine Center, Inc. refurbishes JT8D engines and performs on-wing repairs for both JT8D and CFM-56 series engines. Visit TIMCO online at http://www.timco.aero/ . America West Airlines is a major U.S. carrier based in Phoenix, from which it serves more non-stop destinations with greater frequency than any other carrier. America West has hubs at Phoenix Sky Harbor International Airport in Phoenix and McCarran International Airport in Las Vegas. The airline's modern, fuel-efficient fleet consists of Airbus A320s, Airbus A319s, Boeing 757s and Boeing 737s. The average age of the America West fleet is approximately 9 years. 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, 2003, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2004, and those identified below, could adversely affect the Company's ability to obtain these results: the Company's ability to continue to generate sufficient working capital from operations to meet its operating requirements and service its indebtedness, the Company maintaining good working relationships with its vendors and customers, competitive pricing for the Company's products and services, 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, the Company's ability to attract and retain qualified personnel in its business, utilization rates for the Company's MR&O facilities, the Company's ability to integrate future acquisitions, the Company's ability to effectively manage its business, economic factors which affect the airline industry generally and thereby affect our business (since our customer base consists primarily of airlines and freight carriers), including the amount of aircraft maintenance being outsourced, the price of jet fuel and the ongoing war on terrorism, and changes in government regulations. Copies of the Company's filings with the U.S. Securities and Exchange Commission 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. DATASOURCE: TIMCO Aviation Services, Inc. CONTACT: Jack Arehart, Executive Vice President of TIMCO Aviation Services, Inc., +1-336-668-4410, Extension 2521, http://www.timco.aero/ Web site: http://www.timco.aero/

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