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FOR IMMEDIATE RELEASE CONTACT: Dave Franson
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FEBRUARY 10, 2006 MOONEY PUBLIC RELATIONS
Cell (316) 641-6766
dfranson1@cox.net
MOONEY DELIVERS 85 AIRPLANES IN 2005
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KERRVILLE, TEXAS-- Mooney Airplane Company, a wholly-owned subsidiary of the
Mooney Aerospace Group, Ltd. (OTC BB: MNYG) delivered 19 aircraft valued at
approximately $9 million during the fourth quarter of 2005, bringing the
company's total for the year to 85 airplanes worth approximately $36.5 million.
The tally exceeds Mooney's projection to "more than double 2004 deliveries" and
represents a 136% increase in deliveries, year to year, over 2004. Mooney
delivered a total of 34 aircraft in 2003 and 36 in 2004.
"Our sales in 2005 reflect both the strength of our product line and confidence
in the company," said David Copeland, Mooney's vice president of sales and
marketing. "We expect growth in both orders and deliveries in 2006 as we mark
our 60th year of production," he added. Mooney began building airplanes in
Wichita, Kansas in 1946, before moving to Kerrville, Texas in 1951. It now
employs 410 people at the site.
During the fourth quarter, Mooney delivered 14 Ovation2 GX and 5 Bravo GX
models, bringing the yearend totals to 64 Ovation2 GX aircraft and 20 Bravo GX
models. A single Ovation DX was also delivered during the year. "The delivery of
our 11,000th production airplane and the 100th GX model will highlight the first
quarter of 2006, and we'll launch our 60th Anniversary celebration with some
special events, as well," Copeland stated.
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"We've streamlined our operations and delivery process in 2005, and made
measurable improvements in customer support and responsiveness," noted Gretchen
Jahn, Mooney's chief executive officer. "Our expectations for 2006 include
improvements in our processes and productivity as well as the increases in
orders and deliveries," she added.
ABOUT MOONEY AIRPLANE COMPANY
Mooney Airplane Company, located in Kerrville, Texas, is a wholly-owned
subsidiary of Mooney Aerospace Group, Ltd., a general aviation holding company
that is publicly traded under symbol (OTC BB: MNYG.ob). Mooney Airplane Company
currently sells two models of the M20, the highest performing, four-place
single-engine piston-powered aircraft, now available with the Garmin G1000 glass
panel display. Since its inception in 1946, the company has manufactured and
delivered more than 11,000 aircraft worldwide. Today, 7,000 customers in the
United States and 1,000 more overseas fly these proven, high-performance
airplanes. For more information, visit www.mooney.com.
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This press release contains forward-looking statements within the meaning of The
Private Securities Litigation Reform Act of 1995 (the "Act"). In particular,
when used in the preceding discussion, the words "plan," "confident that,"
"believe," "scheduled," "expect," or "intend to," and similar conditional
expressions are intended to identify forward looking statements within the
meaning of the Act and are subject to the safe harbor created by the Act. Such
statements are subject to certain risks and uncertainties and actual results
could differ materially from those expressed in any of the forward-looking
statements. Such risks and uncertainties include, but are not limited to, market
conditions, the availability of components and successful production of the
Company's products, general acceptance of the Company's products and
technologies, competitive factors, timing, and other risks described in the
Company's SEC reports and filings.