JetStar Asia Selects TIMCO

JetStar Asia Selects TIMCO
Reflects Brice's Consistent Performance in Region 


GREENSBORO, N.C., Nov. 2  /PRNewswire-FirstCall/ -- TIMCO Aviation Services
Inc. (OTC:TMAS) (BULLETIN BOARD: TMAS)  announced today that Singapore-based
JetStar Asia awarded TIMCO's subsidiary, Brice Manufacturing Company (Brice),
with reconfiguration for a new economy seat program that includes more than 20
shipsets to accommodate new Airbus A320 aircraft.

This low-cost Asian carrier is a partnership between Temasek Holdings, Qantas
Airways and two Singaporean investors, with Qantas holding a 49 percent share.
The new contract follows the selection of new Brice seating by Air New Zealand,
Air Asia and JetStar Australia, reflecting the growing market acceptance of
TIMCO products in the region.

Gil West, President and COO of TIMCO, said the company's continuing strong
performance with the JetStar Australia program was a significant factor in
gaining the JetStar Asia business. "Brice Manufacturing has become a world
leader in commercial aircraft seat manufacturing, seating components, and seat
modification and refurbishment services, and is now the seating vendor of
choice for more than 30 airlines."

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
specialize 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/ .

Launched by Qantas Airways, JetStar Asia serves the Singapore market.

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, Senior Vice President-Business Development of

TIMCO Aviation Services Inc., [phone]



Web site:  http://www.timco.aero/ 

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