Document:

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                                                                    EXHIBIT 4.13

     AMENDMENT NO. 1 TO THE WARRANT TO PURCHASE COMMON STOCK OF AVIALL, INC.

         THIS AMENDMENT NO. 1 TO THE WARRANT TO PURCHASE COMMON STOCK OF AVIALL,
INC. No. ____ (this "AMENDMENT") is entered into as of December 30, 2002 between
Aviall, Inc., a Delaware corporation (the "COMPANY") and _______________________
(the "HOLDER"). Unless otherwise specified herein, all capitalized terms used in
this Amendment shall have the meaning ascribed to them in the Warrant (as
hereinafter defined).

                                   WITNESSETH:

         WHEREAS, the Company issued Warrant No. ___ on March 15, 2002 which
entitles the Holder to initially purchase from the Company an aggregate of
________ duly authorized, validly issued, fully paid and nonassessable shares of
common stock of the Company (the "WARRANT"); and

         WHEREAS, pursuant to Section 11.4 of the Warrant, the Company and
Holder desire to amend the Warrant as herein set forth.

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

                                   ARTICLE 1.
                            AMENDMENT TO THE WARRANT

         1.1 Amendment to the Warrant. Effective upon the execution of this
Amendment by the Company and Holder, the parties hereto agree to amend the
Warrant as follows:

                  Section 2.1(b) of the Warrant is amended by (a) deleting the
         word "five" in the second line and replacing it with the word "three",
         and (b) deleting the number "5" in the second line and replacing it
         with the number "3".

                                   ARTICLE 2.
                              DELIVERY OF DOCUMENTS

         2.1 Documents. The Company shall deliver or cause to be delivered to
the Holder contemporaneously with the execution and delivery hereof:

                  (a) resolutions of the Company authorizing the execution and
delivery of this Amendment by the Company certified by the secretary of the
Company; and

<PAGE>
                  (b) such other documents as the Holder may reasonably request.

                                   ARTICLE 3.
                  REPRESENTATIONS AND WARRANTIES OF THE COMPANY

         The Company represents and warrants to the Holder:

         3.1 Authorization. The execution, delivery and performance by the
Company of this Amendment have been authorized by all necessary corporate action
and this Amendment is a legal, valid and binding obligation of the Company
enforceable against it in accordance with its terms, except as the enforcement
thereof may be subject to (a) the effect of any applicable bankruptcy,
insolvency, reorganization, moratorium or similar law affecting creditors'
rights generally and (b) general principles of equity (regardless of whether
such enforcement is sought in a proceeding in equity or at law).

         3.2 No Conflict. Neither the execution, delivery and performance of
this Amendment nor the consummation of the transactions contemplated hereby does
or shall contravene, result in a breach of, or violate (a) any provision of the
Company's certificate or articles of incorporation or bylaws, (b) any law or
regulation, or any order or decree of any court or government instrumentality,
or (c) any indenture, mortgage, deed of trust, lease, agreement or other
instrument to which the Company or any of its Subsidiaries is a party or by
which the Company or any of its Subsidiaries or any of its property is bound.

                                   ARTICLE 4.
                            MISCELLANEOUS PROVISIONS

         4.1 Reference to and Effect Upon the Warrant.

                  (a) Except as specifically amended above, the Warrant shall
remain in full force and effect and is hereby ratified and confirmed.

                  (b) The execution, delivery and effectiveness of this
Amendment shall not operate as a waiver of any Default or Event of Default (each
as defined in the Securities Purchase Agreement) or any right, power, privilege
or remedy of the Holder under the Warrant, or constitute a waiver of any
provision of the Warrant. Upon the effectiveness of this Amendment, each
reference in the Warrant to this "this Warrant", "hereunder", "hereof", "herein"
or words of similar import shall mean and be a reference to the Warrant as
amended hereby.

         4.2 Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE INTERNAL LAWS (AS OPPOSED TO CONFLICTS OF LAWS PROVISIONS)
OF THE STATE OF NEW YORK.

         4.3 Headings. Section headings in this Amendment are included herein
for convenience of reference only and shall not constitute a part of this
Amendment for any other purposes.

                                       2
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         4.4 Counterparts. This Amendment may be executed in any number of
counterparts and by facsimile, each of which counterpart when so executed shall
be deemed an original, but all such counterparts shall constitute one and the
same instrument.

         4.5 Entire Agreement. This Amendment and the Warrant, including all
exhibits attached thereto, constitute the entire agreement among the parties
pertaining to the subject matter hereof and thereof and supercedes all prior
agreements, understandings, negotiations and discussions, whether oral or
written, of the parties.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       3
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         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed and delivered by their respective officers hereunto duly authorized as
of the date first above written.

                                        AVIALL, INC.

                                        By:
                                           -------------------------------------
                                           Name:
                                                --------------------------------
                                           Title:
                                                 -------------------------------

                                        HOLDER

                                        By:
                                           -------------------------------------
                                           Name:
                                                --------------------------------
                                           Title:
                                                 -------------------------------

                                       4<PAGE>
                                                                  EXECUTION COPY

                                                                   EXHIBIT 10.34

                                    GUARANTY
                                 (AVIALL, INC.)

         GUARANTY (this "GUARANTY"), dated as of December 21, 2001, is made by
Aviall, Inc., a Delaware Corporation, ("HOLDINGS") executing this Guaranty in
favor of the Purchasers (as defined herein) (the "Guarantor").

                                   WITNESSETH:

         WHEREAS, pursuant to that certain Securities Purchase Agreement (the
"PURCHASE AGREEMENT") by and among Aviall Services, Inc. (the "COMPANY"), a
Delaware corporation, Holdings, J. H. Whitney Mezzanine Fund, L.P. ("WMF"), a
Delaware limited partnership, Whitney Private Debt Fund, L.P. ("WHITNEY DF"), a
Delaware limited partnership, Whitney Limited Partner Holdings, LLC, a Delaware
limited liability company ("WHITNEY LLC" and together with WMF and Whitney DF,
the "WHITNEY FUNDS"), Blackstone Mezzanine Partners L.P. ("BLACKSTONE
Partners"), a Delaware limited partnership, Blackstone Mezzanine Holdings L.P.
("BLACKSTONE HOLDINGS" and together with Blackstone Partners, "BLACKSTONE"), a
Delaware limited partnership, Carlyle High Yield Partners, L.P., a Delaware
limited partnership ("CARLYLE") and Oak Hill Securities Fund, L.P., a Delaware
limited partnership ("OAK HILL") (the Whitney Funds, Blackstone, Carlyle and Oak
Hill are sometimes referred to herein individually, as a "PURCHASER" and
collectively, as the "PURCHASERS") each Purchaser will purchase from the Company
a senior promissory note (each note is sometimes referred to herein
individually, a "NOTE" and collectively, as the "NOTES") due December   , 2007
in the aggregate principal amount of $80,000,000; and

         WHEREAS, in order to induce the Purchasers to purchase the Notes, the
Guarantor will execute and deliver this Guaranty pursuant to which the Guarantor
will guaranty, among other things, payment of all of the Obligations, as
hereinafter defined; and

         WHEREAS, it is of material benefit to the Guarantor that the Purchasers
will purchase the Notes and that the Purchasers will provide to the Company the
capital represented thereby.

         Accordingly, the Guarantor agrees for the benefit of the Purchasers as
follows:

         1. CERTAIN TERMS.

                  (a) Capitalized terms used herein without definition have the
respective meanings set forth in the Purchase Agreement.

<PAGE>
                  (b) "OBLIGATIONS" means all (i) acts, performances and
obligations when due of the Company under the Notes, (ii) costs and expenses
(including, without limitation, attorneys' fees and disbursements) incurred in
connection with the enforcement of this Guaranty and (iii) Indemnification
Obligations.

                  (c) "INDEMNIFICATION OBLIGATIONS" means all acts, performances
and obligations when due of the Company under Article 7 and 11, 14 of the
Purchase Agreement, including, without limitation, the costs and expenses
(including, without limitation, reasonable attorneys' fees and disbursements)
incurred in connection with the enforcement of this Guaranty.

         2. GUARANTY. The Guarantor hereby, absolutely, unconditionally and
irrevocably guaranties to the Purchasers the full and punctual payment when due
of all Obligations, whether at stated maturity, by required prepayment,
declaration, acceleration, demand or otherwise, and such guaranty is not
conditional or contingent upon pursuit by the Purchasers of any prior action or
proceeding for collection, or for any other remedies the Purchasers may have,
against the Company or any other Person.

         3. CONSENT. Guarantor hereby consents and agrees that the whole or any
part of the security now or hereafter held for any Obligation may be exchanged,
compromised, released or surrendered from time to time; that the time or place
of payment of any Obligation or of any security therefor may be exchanged or
extended, in whole or in part, to a time certain or otherwise, and may be
renewed or accelerated, in whole or in part; that the Company and any other
obligor on the Obligations may be granted indulgences generally; that any of the
provisions of the Notes may be renewed, extended, modified, increased,
accelerated, compromised, refinanced or waived; that neither the insolvency,
bankruptcy and/or dissolution of the Borrower, any Guarantor or any other
obligor on the Obligations, shall affect the obligations hereunder of the
Guarantor; that neither the invalidity or unenforceability of any of the
Obligations shall affect the obligations hereunder of the Guarantor; that no
claim need be asserted against any trustee in bankruptcy or receiver or other
representative in the event the Borrower, the Guarantor or any other obligor on
the Obligations is adjudicated bankrupt or becomes insolvent; and that any
property to the credit of the Borrower, the Guarantor or any other party liable
for payment of any of the Obligations or liable upon any security therefor may
be released from time to time, in whole or in part, at, before or after the
stated, extended or accelerated maturity of such Obligations, all of which (i)
may be affected without notice to or further assent by the Guarantor and (ii)
shall not affect the obligations of the Guarantor under this Guaranty.

         4. WAIVER. The Guarantor hereby expressly waives:

                  (a) Notice of acceptance of this Guaranty;

                  (b) Presentment and demand for payment of any Obligation;

                  (c) Protest and notice of dishonor or default to such
         Guarantor or to any other party with respect to any Obligation or any
         security for any Obligation;

                  (d) Demand for payment under this Guaranty;

                                       2
<PAGE>
               (e) Notice of disposition of any security for any Obligation; and

               (f) Any defense by reason of impairment of: (i) any security now
         or hereafter held for any Obligation; or (ii) recourse against any
         party liable for the payment of any Obligation.

         5. GUARANTY OF PAYMENT. This Guaranty is a guaranty of payment and not
of collection. The Guarantor: (a) waives any claim to marshaling of assets; (b)
waives any right to require that an action be brought against Borrower or any
other Person prior to action against the Guarantor hereunder; and (c) waives any
right to require that resort be had to any security, as applicable, for the
Notes or any other Obligations guaranteed hereunder prior to action by any
Purchaser against the Guarantor hereunder. The Guarantor shall be released from
all liability hereunder only upon payment in full in cash of all the
Obligations.

         6. BINDING EFFECT. The provisions of this Guaranty shall be binding
upon the Guarantor and its successors and assigns, and shall inure to the
benefit of the Purchasers and their respective successors and assigns; it being
understood that each Purchaser is free to assign its rights, benefits, duties
and obligations under this Guaranty without the consent of any other party, and
the Guarantor may not assign its rights, benefits, duties and obligations under
this Guaranty without the prior written consent of each of the Purchasers.

         7. RIGHT OF SET OFF. The Purchasers agree that to the extent that the
Guarantor has made payment hereunder of all or any portion of principal and
interest required under the Notes, the full amount of such payment shall be
deducted from amounts allocable and payable to the Purchasers pursuant to the
Notes.

         8. REINSTATEMENT. This Guaranty shall remain in full force and effect
and continue to be effective or be reinstated, as the case may be, if at any
time payment or performance of the Obligations, or any part thereof, is,
pursuant to applicable law, rescinded or reduced in amount, or must otherwise be
restored or returned by any obligee of the Obligations or such part thereof,
whether as a "voidable preference," "fraudulent transfer," or otherwise, all as
though such payment or performance had not been made. In the event that any
payment, or any part thereof, is rescinded, reduced, restored or returned, the
Obligations shall, to the fullest extent permitted by law, be reinstated and
deemed reduced only by such amount paid and not so rescinded, reduced, restored
or returned.

         9. SUBROGATION. After (and not before) all amounts payable under or in
respect of the Notes have been indefeasibly paid in cash, the Guarantor shall be
subrogated to the rights of the Purchasers to receive payments in respect of the
Notes, but only to the extent of amounts paid by the Guarantor pursuant to this
Guaranty.

         10. AMENDMENT. This Guaranty may not be modified or amended except by a
writing duly executed by the party to be charged.

                                       3
<PAGE>
         11. LAW. THIS GUARANTY SHALL BE GOVERNED BY, CONSTRUED IN ACCORDANCE
WITH, AND ENFORCED UNDER, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO
AGREEMENTS OR INSTRUMENTS ENTERED INTO AND PERFORMED ENTIRELY WITHIN SUCH STATE.

         12. SEVERABILITY. Wherever possible, each provision of this Guaranty
shall be interpreted in such a manner as to be effective and valid under
applicable law, but if any provision of this Guaranty shall be invalid under
such laws, such provision shall be effective only to the extent of such
prohibition or invalidity, without affecting the remainder of such provision or
the remaining provisions of this Guaranty, which shall be binding and
enforceable to the fullest extent allowable by law.

         13. WAIVER. Waiver by any Purchaser of a breach of this Guaranty shall
not operate as a waiver of any subsequent breach thereof.

         14. SIGNATURES; COUNTERPARTS. Telefacsimile transmissions of any
executed original document and/or retransmission of any executed telefacsimile
transmission shall be deemed to be the same as the delivery of an executed
original. At the request of any party hereto, the other parties hereto shall
confirm telefacsimile transmissions by executing duplicate original documents
and delivering the same to the requesting party or parties. This Guaranty may be
executed in any number of counterparts and by the parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same instrument.

         15. NOTICES. All notices, requests and other communications to be given
or otherwise made to any party hereto shall be deemed to be sufficient if
contained in a written instrument duly transmitted by telecopy or telex or duly
sent by overnight courier service or first class registered or certified mail,
postage prepaid, addressed to such party at the address set forth below or at
such other address as may hereafter be designated in writing by the addressee to
the addressor listing all parties:

                  (a)    if to the Guarantor:

                                Aviall, Inc.
                                2750 Regent Boulevard
                                DFW Airport, TX 75261
                                Telecopier No.: (972) 586-1010
                                Attention: Jeffrey J. Murphy

                         with a copy to:

                                Haynes and Boone, LLP
                                901 Main Street, Suite 3100
                                Dallas, Texas 75202
                                Telecopier No.(214) 200-0676
                                Attention: Janice V. Sharry

                                       4
<PAGE>
                  (b)    if to WMF, Whitney DF or Whitney LLC:

                                c/o Whitney & Co
                                177 Broad Street
                                Stamford, Connecticut 06901
                                Telecopier No.: (203) 973-1422
                                Attention: Mr. Michael Salvator
                                           James H. Fordyce
                                           Joseph D. Carrabino, Jr.
                                           James A. Feeley III

                         with a copy to:

                                Chadbourne & Parke, LLP
                                30 Rockefeller Plaza
                                New York, NY 10112I
                                Telecopier No.: (212) 541-5369
                                Attention: Thomas Meriam

                  (c)    if to Blackstone Partners:

                                The Blackstone Mezzanine Group
                                345 Park Avenue
                                New York, NY  10154
                                Telecopier No.: (212) 583-5482
                                Attention: Sal Gentile

                  (d)    if to Blackstone Holdings:

                                The Blackstone Mezzanine Group
                                345 Park Avenue
                                New York, NY  10154
                                Telecopier No.: (212) 583-5482
                                Attention: Sal Gentile

                  (e)    if to Carlyle:

                                The Carlyle Group
                                520 Madison Avenue
                                41st Floor
                                New York, New York 10022
                                Attention: Michael Zupon
                                           David Waxman

                                       5
<PAGE>
                 (f)    if to Oak Hill:

                                Oak Hill Advisors, Inc.
                                Park Avenue Tower
                                65 East 55th Street
                                New York, NY 10022
                                Attention: Scott Krase

                 (g)    if to Lerner Enterprises:

                                Oak Hill Asset Management, Inc.
                                Park Avenue Tower
                                65 East 55th Street
                                32nd Floor
                                New York, NY 10022
                                Attention: Megan McCann

                                And to:
                                Lerner Enterprises
                                11501 Huff Court
                                Kensington, Maryland 20895-1094
                                Attention: Margaret Mekenie

                 (h)    if to P & PK Limited Partnership:

                                Oak Hill Asset Management Inc.
                                Park Avenue Tower
                                65 East 55th Street
                                32nd Floor
                                New York, New York 10022
                                Attention: Megan McCann

                                       6
<PAGE>
         16. CONSENTS AND WAIVERS RELATING TO LEGAL PROCEEDINGS.

                  (a) EACH PARTY TO THIS GUARANTY HEREBY IRREVOCABLY AGREES THAT
ANY LEGAL ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTY MAY
BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED STATES OF
AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK AND HEREBY EXPRESSLY SUBMITS TO
THE PERSONAL JURISDICTION AND VENUE OF SUCH COURTS FOR THE PURPOSES THEREOF AND
EXPRESSLY WAIVES ANY CLAIM OF IMPROPER VENUE AND ANY CLAIM THAT SUCH COURTS ARE
AN INCONVENIENT FORUM. EACH PARTY HEREBY IRREVOCABLY CONSENTS TO THE SERVICE OF
PROCESS OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH SUIT, ACTION OR
PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL,
POSTAGE PREPAID, TO ITS ADDRESS SET FORTH IN SECTION 16 SUCH SERVICE TO BECOME
EFFECTIVE 10 DAYS AFTER SUCH MAILING.

                                       7
<PAGE>
                  (b) THE GUARANTOR WAIVES ITS RIGHT TO A JURY TRIAL WITH
RESPECT TO ANY ACTION OR CLAIM ARISING OUT OF ANY DISPUTE IN CONNECTION WITH
THIS GUARANTY, ANY RIGHTS OR OBLIGATIONS HEREUNDER OR THE PERFORMANCE OF SUCH
RIGHTS AND OBLIGATIONS. THE GUARANTOR (X) CERTIFIES THAT NO REPRESENTATIVE,
AGENT OR ATTORNEY OF ANY PURCHASER HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT
IT WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS
AND (Y) ACKNOWLEDGES THAT THE PURCHASERS HAVE BEEN INDUCED TO ENTER INTO THE
PURCHASE AGREEMENT BY, AMONG OTHER THINGS, THE WAIVERS AND CERTIFICATIONS
CONTAINED HEREIN.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       8
<PAGE>
         IN WITNESS WHEREOF, the undersigned have executed this Guaranty as of
the 21st day of December, 2001.

                                   GUARANTOR:

                                   AVIALL, INC.

                                   By:  /s/ Cornelius Van Den Handel
                                        ----------------------------------------
                                        Name:  Cornelius Van Den Handel
                                        Title: Vice President and Treasurer

                          [SIGNATURE PAGE TO GUARANTY]

                                       9

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