Exhibit 99.1

                 FAVS Announces Change in Management


    WESTPORT, Conn.--(BUSINESS WIRE)--Sept. 22, 2006--First Aviation
Services Inc. (NASDAQ: FAVS), announced today that Mr. Robert
Costantini submitted his resignation as Chief Financial Officer,
S.V.P. Finance and Secretary effective September 30, 2006. Mr.
Costantini will be assuming the position of CFO at a global
communications company that intends on going public. Mr. Costantini
will serve as a consultant to First Aviation Services for a limited
time subsequent to September 30th.
    Mr. Hollander, Chairman of First Aviation Services said "Robert
has made a valuable contribution to the Company over the past three
years. While we will miss him as part of the management team, we wish
him well and appreciate the valuable professional opportunity that has
been presented."
    The Company expects to conduct a search to identify potential
candidates for the position of Chief Financial Officer of the Company.

    First Aviation, located in Westport, Connecticut and its principal
operating subsidiary, Aerospace Products International Inc. ("API"),
based in Memphis, Tennessee, is a leading provider 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, Europe and Asia Pacific,
plus partners throughout the world, API continues to be a leading
provider 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.apiworldwide.com.


    CONTACT: First Aviation Services Inc.
             Michael C. Culver, 203-291-3300
             Chief Executive Officer