First Aviation Services Inc

First Aviation Services Inc. ("First Aviation") was established in June 1995 by First Equity Group ("First Equity") to acquire National Airmotive Corporation (“NAC”) from Triton Group Ltd.In March 1997, First Aviation acquired the assets of Aerospace Products International, Inc. ("API" - formerly Aircraft Parts International Combs, Inc.) from AMR Combs, Inc., a subsidiary of AMR. API is located in Memphis, Tennessee. In November 1999, NAC was sold to Rolls-Royce North America, Inc. for an adjusted sales price of approximately $71 million. In 1999, API expanded into Canada, forming Aircraft Products International Ltd. In 2000, API expanded again, into the Asia Pacific market, forming API Asia Pacific Inc., in the Philippines. More recently API established operations in Shanghai, China.

First Aviation, together with its subsidiaries (collectively "FAvS"), is one of the leading suppliers of aircraft parts and components to the aviation industry worldwide, and is a provider of third party logistics and inventory management services to the aerospace industry. API distributes the products of over 150 parts and component manufacturers and suppliers. In addition, API offers brake and starter/generator overhaul services, and is a Federal Aviation Administration authorized hose assembly facility. Customers of FAvS include passenger and cargo airlines, fleet operators, corporate aircraft operators, fixed base operators, certified repair facilities, governments and military services.