API Announces Grand Opening of New Distribution Center

Memphis, Tenn., January 16, 2007 - Aerospace Products International Inc., a wholly owned subsidiary of First Aviation Services Inc. and the leading provider of innovative distribution and supply chain services for the aviation industry, is pleased to announce the grand opening of its new, technically advanced, 172,000-square-foot Distribution Center in Southaven, Mississippi, just 2.5 miles from the Memphis International Airport and the FedEx Express hub.

This new facility, which features 40% more cubic volume per square foot, air-conditioning, and 45 candle watt lighting, consolidates services previously provided by four warehouse facilities, thus optimizing shipping and receiving functions and allowing Operations to function more effectively and efficiently in serving our customers.

The Warehouse has a linear flow design with 21 Receiving docks on the East side of the building, including a courtesy ramp for unloading small package carrier trucks and loading vehicles for Will-Call orders. The 21 Shipping docks on the West side offer floor height ramps to load or off-load flatbed trailers inside the building, providing protection from the weather.

One important feature of the building is the state-of-the-art hazardous materials, corrosives, and aerosol rooms, with in-rack sprinkler systems and specially designed pallet storage. Other additions include carousels, conveyors and flexible IT connections that will allow for expansion and re-configuration to accommodate growth.

Aerospace Products International Inc., headquartered in Memphis, Tenn., is a leading provider of innovative distribution and supply chain services for the aviation industry. API distributes aircraft parts and related products and components to manufacturers, maintenance providers, and operators of some of the most widely used commercial and general aviation aircraft. In addition to its product supply services, API offers the aviation industry extensive supply chain management and third-party logistics services and solutions, including forecasting and procurement services, inventory management, rotables management, and product sales. API also offers overhaul and repair services for brakes and starters/generators, and builds custom hose assemblies. Its parent company, First Aviation Services Inc., is a worldwide leader in providing services to operators of some of the most widely used military, commercial and general aviation aircraft. More information is available at www.apiworldwide.com and www.firstaviation.com