TIMCO Lands Iberworld Contract

TIMCO Lands Iberworld Contract
Selects Brice Seating for A330-200 


GREENSBORO, N.C., July 30  /PRNewswire-FirstCall/ -- TIMCO Aviation Services
Inc. (OTC:TMAS) (BULLETIN BOARD: TMAS)  announced that Iberworld Airlines has
recently contracted with its subsidiary, Brice Manufacturing Company, for
interior reconfigurations of its new Airbus A330-200 aircraft seating.  While
Brice has delivered numerous shipsets of narrow-bodied seats for Airbus'
customers in the past, the Iberworld contract marks Brice's first delivery to
Airbus for long-range, wide-body seating aircraft equipment.

"As aircraft OEMs ramp up, Brice is positioned to gain market share in new
seating installations," said Gil West, president and COO of TIMCO.

"Our organization is quickly becoming a world leader in commercial aircraft
seat manufacturing because we can provide additional value with interior
reconfiguration, auxiliary component design, engineering and manufacturing
services.  Brice is now the vendor of choice for more than 30 airlines, and
TIMCO's one-stop-shop approach is gaining momentum in the global marketplace."

Carlos Herrera, vice president and general manager of Brice, said that more
than 12 airline customers have ordered Brice seats in the first half of 2004,
representing a strong vote of confidence in Brice products and product support.

Brice launched the B1000 economy seat in 1998, and it has been in service
onboard narrow-body aircraft for more than five years.  The Brice line includes
nine different models that are certified for use in all major commercial and
military transport aircraft.

The delivery follows Brice's Airbus Catalog Listing earlier this year.

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/ .

Iberworld Airlines S.A. provides charter flights to popular destinations around
Europe and in Spain.

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.. [phone], Ext. 2521, or http://www.timco.aero/ 



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

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