EXHIBIT 99.1

For Immediate Release

Contact:      David Leedy
              972-586-1703
              dleedy@aviall.com

AVIALL REAFFIRMS GUIDANCE AND RESPONDS TO RECENT AIRLINE INDUSTRY EVENTS


         DALLAS, TEXAS August 15, 2002 -- Aviall, Inc. [NYSE: AVL] today
commented on recent airline industry developments and the Company's financial
outlook.

         Mr. Paul E. Fulchino, Chairman, President, and Chief Executive Officer
for Aviall said, "the Company is reaffirming its increased 2002 earnings
guidance of 82 to 85 cents per share on a proforma diluted basis applying the
'if-converted' methodology. In the first six months of 2002, Aviall Services'
mix of revenue has substantially changed from historical patterns. Including the
direct military shipments made by Rolls-Royce in support of the T56 engine
military/defense program and for which Aviall received full margin credit,
Aviall's business sales mix in the first half of 2002 was 46%
military/government up from 6% last year, 28% general aviation down from 45%,
and 26% commercial airlines down from 49% in 2001. To put this in further
perspective, our three largest airline accounts have provided revenues with the
Company for the first half of 2002 of approximately $12 million whereas the
military/government segment (including the direct sales of T56 parts by
Rolls-Royce) has generated over $1.5 million of revenues per business day or
approximately $200 million."

         Fulchino added, "Since September 11th, the Company's credit function
has taken increased cautionary measures. As stated in our recent 10-Q filing,
the Company believes it is well reserved for the Vanguard Airlines and US
Airways bankruptcies. The Company believes these bankruptcies and any
anticipated airline bankruptcy will not impact our earnings guidance of 82 to 85
cents per share. Additionally, the Company's accounts receivable balances for
the airlines have been improving over the past several months - our United
Airlines receivables balance is approximately one half of one percent of the
Company's outstanding receivables and no other single airline is more than
approximately one percent of our receivables total. Notwithstanding the
shortfall in our airline segment, the general aviation and military/government
segments revenues have continued to more than offset the airline shortfall and
outpace our expectations."

         Fulchino closed by saying, "Although we are optimistic about the
continuation for heavier military sales and recent share growth in the general
aviation segment, we will be vigilant about events in the airline industry. We





will look to leverage Aviall's scale, global marketplace coverage and product
scope advantages and assist airlines with better solutions to their demands for
lower inventory costs and quicker turnaround times from service providers like
Aviall."

FORWARD-LOOKING STATEMENTS

The statements contained in this release that are not historical facts are
forward-looking statements (as such term is defined in the Private Securities
Litigation Act of 1995). Actual results may differ materially from those
expected in the forward-looking statements. These forward-looking statements
involve risks and uncertainties, including competitive factors and pricing and
supply pressures, shifts in market demand, general economic conditions and other
factors including, among others, those that affect flight activity in
commercial, business, military and general aviation, the business activities of
the Company's customers and suppliers and developments in information and
communications technology.

ABOUT AVIALL, INC.

Aviall, Inc. [NYSE: AVL] is a leading solutions provider of aftermarket
supply-chain management services for the aviation and marine industries. As the
world's largest independent provider of new aviation parts and related
aftermarket services, the Aviall Services business unit markets and distributes
products for approximately 200 manufacturers and offers approximately 250,000
catalog items from customer service centers located in North America, Europe and
Asia-Pacific. Aviall Services also supports a full line of aviation batteries,
hoses, wheels and brake services. The Inventory Locator Service (ILS) business
unit, headquartered in Memphis, Tennessee, provides information and facilitates
commerce via its global electronic marketplace to enable subscribers to buy and
sell commercial aviation and marine parts, equipment and services. Additional
information on Aviall is available via the Internet at www.aviall.com.