MASG - Mooney Aerospace Group, Ltd. (fka MASG)

[jmhollen]

Mooney Airplane Company Announces New Customer Support Programs to Enhance Sale of New Aircraft

KERRVILLE, Texas, Nov 3, 2003 (BUSINESS WIRE) -- Mooney Airplane Company, wholly owned subsidiary of Mooney Aerospace Group Ltd. (OTCBB:MASG), announced today initiation of a new program designed to enhance customer support for owners of Mooney aircraft.

According to J. Nelson Happy, Mooney's president: "We really appreciate the support and enthusiasm of the owners of about 10,000 Mooney's in service now. They are truly `Mooniacs' and we want to make sure they are treated well by the factory. We have hired Todd Bates as our new Senior Manager of Customer Support. He is based at our Kerrville plant and we will be working around the clock to make sure Mooney customers are treated right."

Mr. Bates reports to Nicolas Chabbert, Executive Vice President of Marketing and Sales. Mr. Chabbert noted: "Todd Bates is an experienced pilot, and since 1991 has been the owner of Motor City Aviation in Oakland County, Michigan, where he has over 20 years of experience in aviation customer service and sales. He knows customer's needs and will bring great energy to our customer support program."

"I am excited and honored by the opportunity to join the company. I have always thought that Mooney is the aviation equivalent of the Ferrari, and the performance designed into the airplane is legendary. I intend to create the best factory support division in general aviation, including parts sales, technical assistance, factory repairs and refurbishing including paint and interiors," Mr. Bates stated.

In other company news, during the annual shareholder's meeting in New York City on Oct. 2, 2003, all issues presented to the shareholder's for approval passed by a wide margin, and the entire slate of directors was elected, consisting of Sam Rothman, Chairman, J. Nelson Happy, Vice Chairman, S. H Babad, and Sol Mayer. According to Mr. Rothman: "It was great to get together with the shareholders who were able to attend. They expressed enthusiasm for the company's goals, and many stated that they are looking forward to rapid growth of the company during the next year."

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 is 50th 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
J.Nelson Happy, 830-792-2917
[e-mail]
www.mooney.com