Upgraded: Gretchen Jahn | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 03.23.15

Airborne 03.24.15

Airborne 03.25.15

Airborne 03.26.15

Airborne 03.27.15

Airborne Hi-Def On YouTube

Airborne 03.23.15

Airborne 03.24.15

Airborne 03.25.15

Airborne 03.26.15

Airborne 03.27.15

Wed, Aug 03, 2005

Upgraded: Gretchen Jahn

Mooney Aerospace Group Names Her President

Mooney Aerospace Group said Tuesday that Gretchen C. Jahn, CEO of Mooney Airplane Company, a wholly-owned subsidiary, was elected President of the parent company July 21st. She will now perform CEO duties for both companies. She has joined both companies' boards of directors. Barry Hodkin, Mooney Airplane Company's CFO, has assumed the CFO and secretary titles and duties at the parent company as well. These appointments follow the resignation of J. Nelson Happy, who had been serving as vice chairman, president, CFO, and secretary of Mooney Aerospace during the firm's reorganization.

"We congratulate Gretchen on taking over the chief executive role at the parent company in addition to the operating company. We know she will bring to the parent company the same leadership, expertise and enthusiasm that have helped Mooney Airplane Company return to a position of prominence among general aviation manufacturers," said Sol Mayer, a director of the Mooney Aerospace Group. "We also appreciate Nelson Happy's contribution to Mooney's reorganization and wish him well in his future endeavors."

"2005 is turning out to be an excellent year for Mooney under Gretchen's leadership," said Mayer. "We expect to deliver more than twice as many airplanes as last year, and surpassed the 2004 total already in June. Orders are more than 10 percent ahead of last year's pace."

Mooney defines an order taken when a contract is signed between the company and the customer, and the company receives a deposit. A delivery is recorded as a sale on the company's income statement when the balance of the purchase price is paid in full and the airplane is delivered to the customer.

"With a backlog of more than 40 orders, Gretchen's team is ramping up production to keep pace," Mayer added. "As a result, our year over year margins are improving and we expect to become profitable on a quarterly basis sometime during 2006."

"In addition to Gretchen's experience in business management, which gives her the expertise to continue to turn around our company, she understands the needs of our customers," said Mayer. "She herself owns a Mooney Ovation2 GX and has been an avid pilot for more than 20 years."

FMI: www.mooney.com

Advertisement

More News

Airborne 03.27.15: Cockpit Changes Announced, Maine v UAVs, NBAA v Santa Monica

Also: AirVenture Update, Barnstorming Opines On Media Aero-Reporting, NTSB Update, ERAU Scholarships, Doolittle Raiders, Tecnam P2010 The loss of Germanwings Flight 9525 due to wha>[...]

IFALPA Strongly Condemns Leaking Of Germanwings CVR Data

Calls Release Of Early Data A 'Breach Of Trust' The International Federation of Air Line Pilots’ Associations (IFALPA) deplores and condemns the leaking of certain elements o>[...]

Airborne 03.27.15: Cockpit Changes Announced, Maine v UAVs, NBAA v Santa Monica

Also: AirVenture Update, Barnstorming Opines On Media Aero-Reporting, NTSB Update, ERAU Scholarships, Doolittle Raiders, Tecnam P2010 The loss of Germanwings Flight 9525 due to wha>[...]

Airborne 03.26.15: Airbus Crash 'Pilot Induced', B-29 Rollout, CC Rockets Ready

Also: ALPA v UAVs, Aero-Community Update: XPrize, FAA Streamlines UAS COAs, Airport Infrastructure, ATC Reform, New SpaceX Rocket Data retrieved from the Cockpit Voice Recorder (CV>[...]

Summerville, SC Makes Flowertown Festival A UAV No-Fly Zone

Violation Could Land UAV Operator In Jail The town of Summerville, SC has declared its annual Flowertown Festival a no-fly zone for UAVs.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC