Exhibit 99.1


FIRST AVIATION ANNOUNCES EARNINGS FOR THE FIRST QUARTER ENDED APRIL 30, 2005
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WESTPORT, CONNECTICUT, June 6, 2005 - First Aviation Services Inc. (NASDAQ:
FAVS), one of the leading providers of supply chain services to the aerospace
industry worldwide, today announced results in preparation of its annual
shareholders' meeting on June 7, 2005. Net income of $153,000 or $0.02 per share
on record first quarter net sales of $32.0 million was generated in the first
quarter of the fiscal year, versus a net loss of $410,000 or $0.06 per share in
the first quarter ended April 30, 2004.

For the three months ended April 30, 2005, net sales of $32.0 million increased
5.8% over that reported in the prior year. Gross profit margin was 17.7% in the
current year quarter versus 18.6% in the comparable prior year quarter, but
improved sequentially over the 16.1% gross profit margin incurred in the
preceding quarter ended January 31, 2005. Sales increased for the seventh
consecutive quarter over the comparable prior year periods.

Mr. Michael Culver, President and CEO of First Aviation, said: "We are pleased
with the progress the Company is making. First Aviation is improving market
share, while controlling costs and improving operating margins. The results of
this quarter suggest we are seeing the benefits of plans put into effect over
the past fifteen months."

Selling, general and administrative expense decreased 2.6% to $4.9 million in
the current quarter primarily as a result of reduced payroll related costs and
litigation expense. Corporate expenses for the quarter decreased by 35.1% to
$604,000 due to reductions in legal fees related to corporate governance
regulations, the absence of a proxy contest by a dissident shareholder and
savings resulting from the termination of an advisory agreement by First Equity
Development, an affiliate of the Company and its majority shareholder.

First Aviation, located in Westport, Connecticut and its principal operating
subsidiary, Aerospace Products International Inc. ("API"), based in Memphis,
Tennessee, is one of the leading providers of services to the aviation industry
worldwide. The services the Company provides the aviation industry include the
sale of aircraft parts and components, the provision of supply chain management
services, overhaul and repair services for brakes and starter/generators, and
the assembly of custom hoses. With locations in the U.S., Canada and Asia
Pacific, plus partners throughout the world, API continues to be one of the
leading providers of aviation products, supply chain management services and
technology solutions in the industry.

More information about First Aviation can be found on the World Wide Web at
http://www.favs.com and, http://www.apiparts.com.


Forward-Looking Statements

Certain statements discussed in this release constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are not statements of historical facts, but
rather reflect the Company's current expectations concerning future events and
results. Such forward-looking statements, including those concerning the
Company's expectations, involve known and unknown risks, uncertainties and other
factors, some of which are beyond the Company's control, that may cause the
Company's actual results, performance or achievements, or industry results, to
be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such risks,
uncertainties and other important factors include, at a minimum, the Company's
ability to obtain parts and components from its principal suppliers on a timely
basis, depressed domestic and international market and economic conditions,
especially those currently facing the aviation industry as a whole, the impact
of changes in fuel and other freight related costs, relationships with its
customers, the ability of the Company's customers to meet their financial
obligations to the Company, the ability to obtain and service supply chain
management contracts, changes in regulations or accounting standards, the
ability to consummate suitable acquisitions and expand, the loss of the use of
facilities and distribution hub in Memphis, significant failure of our computer
systems or networks, efforts to comply with section 404 of the Sarbanes-Oxley
Act of 2002, and other items that are beyond the Company's control and may cause
actual results to differ from management's expectations. In addition, specific
consideration should be given to the various factors described in Item 7,
"Management's Discussion and Analysis of Financial Condition and Results of
Operations", and elsewhere in the Company's Annual Report on Form 10-K for the
year ended January 31, 2005, and the various factors described in this release.
The Company undertakes no obligation to update any forward-looking statements or
cautionary factors.

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CONTACT:  ROBERT G. COSTANTINI
          CHIEF FINANCIAL OFFICER
          FIRST AVIATION SERVICES INC.
          (203) 291-3300