Mooney Airplane Company Announces Over 20% Decrease in Aircraft Construction Hours in One Month
KERRVILLE, Texas, Nov 5, 2003 (BUSINESS WIRE) -- Mooney Airplane Company, wholly owned subsidiary of Mooney Aerospace Group Ltd. (OTCBB:MASG), announced today that it had decreased the total number of hours required to construct a Mooney aircraft by over 20% from September to October.
J. Nelson Happy, Mooney president, reported: "The company was able to reduce the total unit hours spent constructing an aircraft from an average of 4,400 hours in September to 3,535 hours in October 2003. This is a remarkable step forward and all of our employees need to be congratulated. This is over a 20% decrease in labor hours, and will go a long way to reducing our manufacturing costs."
Robert Collier, Mooney's director of production, stated: "I am proud of our people for being able to make such a drastic reduction in labor hours. I am sure that we will be able to make further reductions as the assembly line becomes smoother. Everyone is working harder and smarter, and I believe our new systems are starting to work well."
According to Mr. Happy, "We are starting to see that our production systems are more efficient than in the past, and it is encouraging all of us to find more ways to cut costs as we go forward."
Mooney Aerospace Group Ltd. is a general aviation holding company that owns Mooney Airplane Co., located in Kerrville, Texas. Mooney currently sells three models; the highest performing four-place single engine piston powered aircraft, the Bravo DX, and its stablemates, the highly rated Ovation2 DX and the economical Ovation. Mooney is celebrating its 50th anniversary in Kerrville, Texas, this year, where it has manufactured more than 10,000 aircraft that have been delivered worldwide. Complete information about Mooney aircraft is available at www.Mooney.com (http://www.Mooney.com).
For additional information contact:
Mooney Airplane Company
J. Nelson Happy, President
Louis Schreiner Field
Kerrville, TX 78028
830-792-2917
E-mail: nhappy@mooney.com
SOURCE: Mooney Aerospace Group Ltd.
Mooney Aerospace Group Ltd., Kerrville
J. Nelson Happy, 830-792-2917
nhappy@mooney.com
. |
