Aviation Sales Company Announces Record and Meeting Date for Annual Meeting

Business Wire, June 4, 1999

MIAMI--(BUSINESS WIRE)--June 4, 1999--

Aviation Sales Company (NYSE:AVS) announced today that its 1999 annual meeting of stockholders will be held on the 29th day of July, 1999 at 10:00AM. Holders of the Company's common stock at the close of business on June 18, 1999 will be entitled to notice of and to vote at the annual meeting. The Company's annual report and its proxy statement with respect to its annual meeting are expected to be mailed to the Company's stockholders by June 25, 1999. Mailing of the Company's 1998 annual report and the Company's 1999 annual meeting of stockholders were delayed due to the Company's pending securities registrations.

Stockholders may obtain a copy of the Company's Annual Report on Form 10-K for 1998 by submitting a request to the Company. Requests for copies of the Company's Form 10-K for 1998 should be directed to Vice President, Finance, Aviation Sales Company, 6905 N.W. 25th Street, Miami, Florida 33122, 305/592-4055.

Aviation Sales Company is a leading independent provider of fully integrated aviation inventory and maintenance 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 throughout the world.

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: 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 10-K filings with the Securities and Exchange Commission (SEC). Copies of the Company's 10-K and 10-Q 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.