Mooney Aerospace's Flag Ship Airplane The ``OVATION 2'' Awarded Plane and Pilot Magazine Reader's Choice Award -- New Aircraft Division
KERRVILLE, Texas--(BUSINESS WIRE)--Aug. 20, 2003-- Plane and Pilot Also Recognizes Mooney's 231 As Top Ten Most Undervalued Plane
Mooney Aerospace Group, Ltd. (OTCBB:MASG), a leading manufacturer of high performance single engine piston aircraft, today announced that the company's flagship aircraft the "OVATION 2" was recently awarded by Plane and Pilot Magazine a Reader's Choice Award in the New Aircraft Division. Additional recognition was given to the Mooney 231 model aircraft produced from 1976 to 1988 in the August 2003 edition of Plane and Pilot magazine. The Mooney 231 plane was chosen as one of the top ten most undervalued planes in the market.
"It's always a distinct honor to be recognized by the industry for the work done by our company but it is especially gratifying we were chosen by the readers of Plane and Pilot Magazine," commented Nelson Happy, President of Mooney Aerospace Group. "Additionally, being chosen as a top ten most undervalued plane aircraft is a testament to the quality and durability of the company's brand. We look forward to upholding the heritage of the Mooney legacy in the years to come," concluded Mr. Happy.
ABOUT MOONEY AEROSPACE GROUP Ltd.
The Mooney Airplane Company is located in Kerrville, Texas, and currently markets three Mooney models: Ovation, Ovation2 DX and Bravo DX. Mooney production began 53 years ago and over 10,000 airplanes have been delivered worldwide. Complete information on the Mooney Airplane Company and its products is available at: www.mooney.com.
ABOUT PLANE AND PILOT
Reaching over 100,000 subscribers in the general aviation industry, Plane and Pilot magazine focuses directly on the active single-engine pilot. A division of Werner Publishing in Los Angeles, Ca., Plane and Pilot and its sister publication the Pilot's Journal are industry leaders in the aviation communication industry. www.PlaneandPilotMag.com
CONTACT:
Mooney Airplane Company, Kerrville
Larry Hunter, 830-896-6000
www.mooney.com
or
PMR and Associates, llc (Investor Relations)
Patrick M. Rost, 858-350-3656
PMRandCo@aol.com
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