WESTPORT, CT — (Marketwire) — 10/12/11 — First Aviation Services Inc. (PINKSHEETS: FAVS) ("FAvS") announced today that its Board of Directors and a majority of the shareholders by consent approved a 1 – for – 20 reverse stock split of its Common A and Common B stock. The reverse stock split will be effective on or about October 17, 2011. In addition the par value of the Common Stock will be $0.20 rather than $0.01 formerly. As a result of the reverse stock split, each FAvS shareho