TIMCO Aviation Services, Inc. Announces Resignation Of C. Robert Campbell

TIMCO Aviation Services, Inc. Announces Resignation Of C. Robert
Campbell 


GREENSBORO, N.C., Oct. 15  /PRNewswire-FirstCall/ -- TIMCO Aviation Services,
Inc. (OTC:TMAS) (BULLETIN BOARD: TMAS)  today announced that C. Robert Campbell
has resigned as Executive Vice President and Chief Financial Officer to pursue
other interests.

Roy T. Rimmer, Jr., the Company's Chairman and Chief Executive Officer, stated:
"We thank Bob for his contributions to TIMCO over the last two plus years and
we wish him well in his future endeavors."

TIMCO Aviation Services, Inc. is among the world's largest providers of fully
integrated aviation maintenance, repair and overhaul (MR&O) services for major
commercial airlines, regional air carriers, aircraft leasing companies,
government and military units and air cargo carriers.  The Company currently
operates four MR&O businesses: TIMCO, which, with its four active locations
(Greensboro, NC, Macon, GA, Lake City, FL and Goodyear, AZ), is one of the
largest independent providers of heavy aircraft maintenance services in the
world; Aircraft Interior Design and Brice Manufacturing, which specialize in
the refurbishment of aircraft interior components and the manufacture and sale
of aftermarket parts and new aircraft seats; TIMCO Engineered Systems, which
provides engineering services both to our other MR&O operations and to our
customers; and TIMCO Engine Center, which refurbishes JT8D engines and performs
on-wing repairs for both JT8D and CFM-56 series engine. Visit TIMCO online at
http://www.timco.aero/ .

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 June 30, 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:  Roy T. Rimmer, Jr., Chairman & Chief Executive Officer, or

Fritz Baumgartner, Vice President, Controller & Chief Accounting Officer, of

TIMCO Aviation Services, Inc., [phone]



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




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