Advanced Aerodynamics & Structures, Inc..

[jmhollen]

Parts Sales Increase Drastically at Mooney

LONG BEACH, Calif., May 28 /PRNewswire-FirstCall/ -- The Mooney Aerospace Group, Ltd. (OTC Bulletin Board: AASI) announced today that its sales volume of spare parts had more than doubled since February, reaching a volume which will exceed $3 million in sales per year. Roy H. Norris, President and CEO of Mooney Aerospace Group, Ltd., commented: "The volume of sales of spare parts has been outstanding and we have quickly scaled up to meet the demand. The increase in parts sales means that we are meeting our customer's requirements for efficient delivery and manufacturing of spares, and the huge increase in sales volume is also evidence of the fine job our employees are doing in the Kerrville plant. Our backlog of parts orders is over $200,000 now, and new orders are growing at a rate that matches our increases in manufacturing."

Jack Jansen, President of Mooney Airplane Company, points to the hard work of 25 employees now working exclusively on manufacturing and shipping parts from Kerrville, Texas. "In February, we only had 5 people building parts along with our 4 shippers. We have recalled some of our most experience and talented people, and we now have 21 parts builders. They are very responsive to customer requests, and are pleased to be see to it that parts are shipped out quickly, particularly if a Mooney aircraft is grounded because of a parts need."

Mr. Jansen pointed to four employees who typify the kind of people that are working for Mooney in the parts department; Stanley Feller, Debbie Weise, David Tatsch, and Melissa Dominguez.

Stanley Feller has 44 years of experience at Mooney and he now serves as hammer house foreman. Mr. Jansen commented, "Stanley gets all of the sheet metal built at the plant." Mr. Feller observed that: "In all of the years I have worked for Mooney, I have never seen so much enthusiasm among the employees. Many of us had been laid off, and we didn't know if we would get a chance to come back here. I know I hoped that Mooney would make a comeback, and it has. We all want to do quality work efficiently, and it is very satisfying to know that we now have the backing of management to really get the job done for our customers."

Melissa Dominquez, known as "Missy" to everybody at the Mooney plant, has been the supervisor of customer service for 6 years. "I am really proud to work at Mooney," she said. "We are now able to quickly solve many of our customer's needs, and we are trying had to make our service better every day. I feel as though I have a personal relationship with every Mooney owner, and I want to be sure that each one is treated the way I would want to be treated."

Debbie Weise has been building electrical parts at Mooney for over 10 years, and was recently recalled to make parts to fill customer orders. "I can't tell you how great it is to be back at Mooney," she commented. "We have a great work environment here and we are making sure that we work carefully and quickly at the same time. Mooney owners depend on us to do a great job building parts, and we don't let them down!" she said.

Some of the recalled workers are specialized in the high technology of parts manufacturing, like David Tatsch. David has been with Mooney for more than 24 years, and is the CNC programmer, runs the Amada punch press, and is in charge of the Hass Machining Center, all essential to parts building. "I have had a lot of training in order to do my job, and I am glad that I can do it here at Mooney. Building a high performance airplane like the Mooney is important work, and keeping them flying with an abundant supply of spare parts is a must. I take a lot of satisfaction in what I do here, and I am looking forward to seeing many of my old friends and co-workers as they are recalled," he said.

Mr. Jansen concluded, "We've received positive feedback from our Services Centers as well as aircraft owners on the availability of spare parts. Due to the concentrated effort to replenish our spares inventory, we now have more parts readily available and are reducing lead times. Customer support is vital in the airplane manufacturing business."

Roy Norris added, "We are also scaling up to produce airplanes in the near future. We expect to deliver our first aircraft in July at the EAA show in Oshkosh and deliver a further 20 aircraft this year. We should be at the 100 airplanes per year production rate by January. When we announce our price reduction across the board on all Mooney models, I don't think that production rate will be enough to satisfy the demand. We are looking at ways in which we can accelerate production. It's a 'happy' problem to deal with."

For further information, please contact:

The Mooney Aerospace Group, Ltd., formerly Advanced Aerodynamics & Structures Inc., Long Beach, CA

Investor Relations Manager, 562/938-8618, [e-mail]

For product or corporate information: J. Nelson Happy, Executive Vice President, 562/938-8618, [e-mail]

Additional information is available at the Company's website: www.MooneyLtd.com .

SOURCE Mooney Aerospace Group, Ltd.

CONTACT: Roy Norris of Mooney Aerospace Group, Ltd., [phone],
[e-mail]; or Al Eidson, [phone], [e-mail], for
Mooney Aerospace Group, Ltd.

Web site: http://www.MooneyLtd.com

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