FOR IMMEDIATE RELEASE

April 8, 2008

CONTACT: Dave Franson
Mooney Public Relations
Cell: 316.641.6766
dranson1@cox.net

Mooney Announces Maximum Coverage Warranty

Coverage Extended to 3 Years/1000 Hours For Airplane Systems and Components, Six Years/2000 Hours on Structure

KERRVILLE, TX --Mooney Airplane Company is expanding its warranty coverage on new aircraft from spinner to tail, assuming the responsibility of being the single point of contact and claim administration for all of the airplane’s components, including those supplied by vendors. The new Maximum Coverage package extends the warranty from 36 months or 600 hours to 36 months or 1000 hours, whichever comes first. It also includes a new 6-year or 2000 hour structural warranty, as well.

“This coverage is designed to give our customers the benefits of straight-forward, efficient and consistent response to any service or support issues that arise during the warranty period on their aircraft,” said Pete Wolak, Mooney’s vice president of customer service. “Having a single point of contact takes the guesswork out of the equation and eliminates virtually all of the ‘red tape’ that can be associated with filing a warranty claim. It’s also consistent with the type of treatment typically provided to owners and operators of higher-priced business aircraft. We’re committed to providing customer service that sets the industry standard to our family of Mooney owners,” he added.

The Maximum Coverage warranty covers parts, assemblies and integrated systems as did previous warranties, subject to typical limitations and exclusions. It also allows customers to deal with Mooney on issues related to the avionics, engine and propeller, all of which previously required separate contact with the manufacturers. Coverages for the latter are set by the vendors, but Mooney will now assist owners and operators with administration of claims and coordination of repairs or replacements.

Under terms of the Maximum Coverage warranty, owners who discover a potential defect are required to notify Mooney or a Authorized Service within thirty (30) days and deliver the item or arrange for its repair by such Service Center, along with a written Defect Report. Once Mooney acknowledges the part failure, any labor expenses incurred by the Owner for the removal, return, re-installation and related costs and expenses with respect to such part or parts (including transportation costs by normal service carrier to and from Mooney’s facilities) shall be reimbursed by Mooney to the Service Center. The repair or replacement of defective parts under an accepted Warranty claim will be made without charge to the owner.

“Our goal is not only to minimize the number of warranty issues customers face, but to make the process of filing a claim and getting necessary repairs or replacements as efficient and painless as possible. We view the support of our customers’ airplanes as a partnership,” Wolak said.

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. Mooney Airplane Company currently produces the world’s fastest, most efficient single engine piston-powered aircraft – the Acclaim Type S, Ovation3 and Ovation2 GX. All come with standard equipment that includes the Garmin G1000 integrated avionics suite and the Garmin GFC 700 Automatic Flight Control. 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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