A typical modification technique of the functional properties of Al–Si based alloys is the addition of some third element in trace level. In the present work, ternary Al–Si–Zr bulk and ribbon alloys have been prepared. The kinetics of high-temperature surface oxidation has been studied by thermogravimetric method. It was found that at the start of the experiment the chemical reaction velocity is rate-controlling while for longer times the (oxygen) diffusion is the rate-controlling process. Activation energy of the two stages of oxidation has been obtained. Additional studies such as thermochemical analysis, optical and electron microscopy, and microhardness tests have been done.