Wed, Jan 28, 2004
Deliveries Increased 350 Percent in '03
Mooney Airplane Co.
announced on Monday that in 2003 the company delivered 35
airplanes, a whopping 350 percent increase from the number of
aircraft delivered in 2002. Deliveries included 29 Mooney Ovation2
models and 6 Bravo DX aircraft.
Mooney President J. Nelson Happy remarked: "We are very pleased
with the company's sales and deliveries in 2003. It exceeds our
expectations, and reflects the hard work that all of our employees
put into restarting the company."
Sam Rothman, chairman of Mooney's board, stated: "We
accomplished a great deal in 2003. We went from a production rate
of one airplane per month to about five per month. We are now well
positioned to increase production in 2004. We have proven that the
company is back in business and ready to resume normal operations
this year."
Nicolas Chabbert, executive vice president of marketing and
sales for Mooney, stated: "In 2003 we re-established the confidence
with our customers and we were able to sell an increased number of
airplanes toward the later part of the year to traditional Mooney
buyers. Our new airplanes were built to the highest quality
standard in Mooney's 50-year-history. In 2004 we expect a number of
important technological advances that will put Mooney at the
cutting edge of general aviation technology. We also expect to
increase sales to about 80 airplanes for the year."
Mr. Happy commented: "We expect to re-enter the international
market with substantially increased sales in 2004 to take advantage
of the favorable exchange rate which now exists, especially in
Europe. We are optimistic about the company's opportunities
throughout the world."
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 stable mates, 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.
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