Superior Air Parts, Inc. Announces New Financing

COPPELL, TX, June 17, 2002 – Superior Air Parts, Inc. announces a new $10 million financing facility with PNC Business Credit, a member of the PNC Financial Services Group.  This three-year facility is in the form of a Revolver secured primarily by working capital and replaces a similar facility with General Electric Capital Corporation.

"We expect this new working capital Revolver, along with cash flow from operations, to fund day-to-day operations as well as our growth over the next several years," stated Steve Lathan, Vice President of Finance and Chief Financial Officer.  "Recovery of the general aviation market and our new engine programs will provide this growth," he added. Mr. Lathan went on to say that, "A strong balance sheet is important to our customers, suppliers and owners.  This new credit facility helps us maintain such financial resources."

Superior Air Parts, Inc. is the world's largest manufacturer of FAA approved replacement parts for Lycoming and Continental aircraft engines and is a leading manufacturer for aftermarket and new replacement engines.