Fri, Apr 15, 2005
Sales on Track to More Than Double 2004 Results In 2005
Mooney Airplane Company
has announced that it has achieved record new orders and
deliveries for the first quarter 2005. The high-performance,
single-engine airplane manufacturer recorded new orders for 13
aircraft during the first three months of 2005, exceeding its
initial expectations. Based on strong first quarter 2005 results,
and anticipated accelerated growth in orders throughout 2005,
management anticipates total orders in 2005 could exceed last
year's orders totaling 85. During the same period, the company also
delivered 20 aircraft, matching its output for the final quarter of
2004 and more than doubling the output of the first quarter
2004.
"The delivery of 16 Ovation2 GX models, three Bravo GX airplanes
and an Ovation DX, coupled with the outstanding response to our
nationwide Freedom Tour, have positioned Mooney to more than double
our deliveries from last year in 2005," noted David Copeland, vice
president of sales and marketing.
"The 'buzz' over the
performance of the Bravo and Ovation2 GX airplanes has helped
stimulate sales during the first quarter and we have already
significantly increased the number of serious prospects and orders
over the same period last year. Customers and prospects in six
cities have had a chance to see the new Garmin G1000-equipped
aircraft up close. They have experienced first hand the exceptional
performance and versatility of these aircraft. We will be traveling
around the country to more than 30 cities before the Freedom Tour
ends at the annual EAA AirVenture in Oshkosh at the end of
July."
"In addition, we have added new Mooney Team Representatives
(MTRs) to our sales team. Rick Neely has joined us as domestic
sales manager and Ronnie Smith now covers the Northeast from his
base in upstate New York. USAero LLC of Long Beach, California and
Aviation Unlimited of Markham, Ontario, Canada have also begun
serving as Mooney sales representatives since the first of the
year. These additions have already, and should continue to generate
sales," Copeland stated.
"The Freedom Tour will also continue through the end of July and
is an integral part of our aggressive sales effort that position us
to maintain our backlog throughout 2005. The tour will extend into
the middle of the year on the Ovations and into the fourth quarter
on the Bravos."
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