Lake City, FL, Facility Will Perform Heavy Maintenance on C-130s GREENSBORO, N.C., Oct. 5 /PRNewswire-FirstCall/ -- TIMCO Aviation Services, Inc. (OTC:TMAS) (BULLETIN BOARD: TMAS) today announced that it has been awarded a contract to perform heavy maintenance on U.S. Coast Guard C-130 aircraft at its Lake City, FL, facility. The contract could potentially involve as many as eight aircraft. Gil West, the company's President and Chief Operating Officer, stated: "This contract is an important step forward in our goal of becoming a leading MRO provider for the U.S. military. Our Lake City facility, which historically performed a substantial amount of MRO services for the U.S. military, has performed heavy maintenance services on more than 2,000 C-130 aircraft over the past 30 years. We look forward to establishing a strong ongoing relationship with the U.S. Coast Guard and expanding our military business in the future." West continued: "As part of our agreement, we will begin conducting PDMs (known as Progressive Structural Inspections by the U.S. Coast Guard) on the Coast Guard aircraft later this month, and this contract may potentially be expanded to include center wing box inspections and/or refurbishment. We believe that TIMCO is one of a very few MRO providers that still has the tooling and experience to refurbish C-130 center wing boxes, having previously overhauled 125 center wing boxes for the U.S. Air Force at our Lake City facility." TIMCO's Lake City facility has 600,000 square feet of enclosed hangar space, including six maintenance hangars and a two-bay, 65,000-square-foot strip and paint hangar. The FAA, EASA and U.S. Air Force approved Class IV facility has extensive backshop support and offers 1.3 million square feet of ramp space. TIMCO Aviation Services, Inc. is among the world's largest independent providers of 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. The Company currently operates four MRO businesses: Triad International Maintenance Corporation (known as 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 and also provides aircraft storage and line maintenance services; Brice Manufacturing, which specializes in the manufacture and sale of new aircraft seats and aftermarket parts and in the refurbishment of aircraft interior components; TIMCO Engineered Systems, which provides engineering services both to our MRO operations and our customers; and TIMCO Engine Center, which refurbishes JT8D engines and performs on-wing repairs for both JT8D and CFM56 series engines. Visit TIMCO online at http://www.timco.aero/. This press release contains 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, 2004 and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2005, could adversely affect the Company's ability to obtain these results. 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 and Chief Executive Officer, or Gil West, President and Chief Operating Officer, or Jack Arehart, Senior Vice President, Business Development, all of TIMCO Aviation Services, Inc., +1-336-688-4410 Web site: http://www.timco.aero/

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