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Technology Stocks : MNYG - Mooney Aerospace Group, Ltd.

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To: jmhollen who started this subject4/12/2004 8:43:54 AM
From: jmhollen   of 94
 
Mooney Airplane Company Delivers Eight Aircraft in First Quarter, Builds Backlog for Future Delivery

KERRVILLE, Texas, Apr 12, 2004 (BUSINESS WIRE) -- Mooney Airplane Company, wholly owned subsidiary of Mooney Aerospace Group Ltd. (MASG) , announced today that during the first quarter of 2004 is delivered eight new aircraft: six Ovation 2 DX and two Bravo DX models. In addition, the company has a backlog of 10 aircraft for future delivery.


J. Nelson Happy, Mooney's president, remarked: "Our sales team is doing a great job of selling new Ovation 2 DX, Bravo DX and our new GX models which are equipped with the Garmin-G 1000 glass panel avionics. We are also pleased with the quality of the aircraft that we are manufacturing and look forward to increasing sales and deliveries throughout the remainder of the year."

Nicolas Chabbert, Mooney's executive vice president of marketing and sales, commented: "Our customers are showing a great deal of interest in both the GX and DX models. I am pleased that we are able to offer both the conventional instruments and the glass panel, as there are two kinds of pilots and we can provide each type with what they want."

Mooney Airplane Company, a wholly owned subsidiary of Mooney Aerospace Group Ltd., is a general aviation holding company, located in Kerrville, Texas. Mooney currently sells five models; the highest performing four-place single engine piston powered aircraft, the Bravo DX, which is available with the Garmin G-1000 glass panel display as the GX; and its stablemates, the highly rated Ovation2 DX and GX, and the economical Ovation. Mooney is celebrating is 51st anniversary in Kerrville, Texas, this year, where it has manufactured more than 10,000 aircraft which have been delivered worldwide. Complete information about Mooney aircraft is available at www.mooney.com.

SOURCE: Mooney Airplane Company

Mooney Airplane Company, Kerrville
Terry Freeman, 830-792-2935
tfreeman@mooney.com
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