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Kellstrom Industries, Inc.

                              FOR IMMEDIATE RELEASE
                              ---------------------

        KELLSTROM INDUSTRIES, INC. ANNOUNCES AN EXTENSION OF ITS AMENDED
                                 EXCHANGE OFFER

Miramar, FL, June 15, 2001 - Kellstrom Industries, Inc. (NASDAQ: KELL) today
announced the extension of its pending exchange offer for up to $54 million of
its outstanding series of 5-3/4% convertible subordinated notes due October 15,
2002 (CUSIP Nos. 488035AC0 and U48787AA0) and/or up to $86.25 million of its
outstanding series of 5-1/2% convertible subordinated notes due June 15, 2003
(CUSIP No. 488035AE6) (the "old notes"), in any combination totaling no more
than $96 million in aggregate.

The expiration date for the exchange offer has been extended from 5:00 p.m., New
York City time, on June 26, 2001, to 5:00 p.m., New York City time, on July 6,
2001, unless earlier terminated or extended. Holders must tender their old notes
on or prior to the expiration date in order to receive new notes. The complete
terms of the amended exchange offer remain unchanged and are contained in the
Preliminary Prospectus and Exchange Offer documents dated June 12, 2001.

As of 4:00 p.m., New York City time, on June 15, 2001, the Company received
tenders from holders of $23.2 million in aggregate principal amount of the
5-3/4% convertible subordinated notes, representing 42.7% of the outstanding
5-3/4% notes and $10.7 million in aggregate principal amount of the 5-1/2%
convertible subordinated notes, representing 11.9% of the outstanding 5-1/2%
notes.

Banc of America Securities LLC is the exclusive dealer manager for the exchange
offer. D.F. King & Co., Inc. is the information agent and First Union National
Bank is the depositary. Copies of the Preliminary Prospectus and Exchange Offer
documents can be obtained by calling D.F. King at (800) 928-0153. Additional
information concerning the terms and conditions of the offer may be obtained by
contacting Banc of America Securities LLC at (888) 292-0070.

Kellstrom is a leading aviation inventory management company. Its principal
business is the purchasing, overhauling (through subcontractors), reselling and
leasing of aircraft parts, aircraft engines and engine parts. Headquartered in
Miramar, FL, Kellstrom specializes in providing: engines and engine parts for
large turbo fan engines manufactured by CFM International, General Electric,
Pratt & Whitney and Rolls Royce; aircraft parts and turbojet engines and engine
parts for large transport aircraft and helicopters; and aircraft components
including flight data recorders, electrical and mechanical equipment and radar
and navigation equipment.



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Kellstrom Industries, Inc. News Release                                   Page 2
June 15, 2001

Kellstrom has filed a Registration Statement with the SEC on Form S-4
registering the new notes, the related guarantees and the underlying shares to
be offered in the exchange offer as well as a Schedule TO. The Registration
Statement and the Preliminary Prospectus and Exchange Offer contained in the
Registration Statement contain important information about Kellstrom, the
exchange offer and related matters. Noteholders are urged to read the
Registration Statement and the Preliminary Prospectus and Exchange Offer,
Kellstrom's Schedule TO and any other relevant documents Kellstrom filed with
the SEC.

The Registration Statement has not yet become effective. The new notes may not
be sold and, although holders of the old notes may tender their old notes,
tenders may not be accepted prior to the time the Registration Statement becomes
effective. This press release shall not constitute an offer to sell or an offer
to buy nor shall there be any sale of the new notes in any state in which such
offer, solicitation or sale would be unlawful.

Noteholders are able to obtain copies of the Registration Statement on Form S-4
and the Preliminary Prospectus and Exchange Offer document, Kellstrom's Schedule
TO and any other relevant documents for free through the website maintained by
the SEC at http://www.sec.gov. In addition, these documents are available free
of charge by contacting the information agent for the offer, D.F. King & Co., at
(800) 928-0153. If you have any questions about the exchange offer, please call
the dealer manager for the offer, Banc of America Securities LLC, at (888)
292-0070.

CONTACT: Banc of America Securities LLC
         Sam McNeil/Andrew Karp at (704) 386-1758




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