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                                                                    Exhibit 31.1

                                 CERTIFICATIONS

I, J. Nelson Happy, certify that:

    1.   I have reviewed this annual report on Form 10-KSB of Mooney Aerospace
         Group, Ltd.;

    2.   Based on my knowledge, this annual report does not contain any untrue
         statement of a material fact or omit to state a material fact necessary
         to make the statements made, in light of the circumstances under which
         such statements were made, not misleading with respect to the period
         covered by this annual report;

    3.   Based on my knowledge, the financial statements, and other financial
         information included in this annual report, fairly present in all
         material respects the financial condition, results of operations and
         cash flows of the registrant as of, and for, the periods presented in
         this annual report;

    4.   I am responsible for establishing and maintaining disclosure controls
         and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for
         the registrant and have:

         a)       designed such disclosure controls and procedures, or caused
                  such disclosure controls and procedures to be designed under
                  my supervision, to ensure that material information relating
                  to the registrant, including its consolidated subsidiaries, is
                  made known to us by others within those entities, particularly
                  during the period in which this annual report is being
                  prepared;

         b)       evaluated the effectiveness of the registrant's disclosure
                  controls and procedures and presented in this report our
                  conclusion about the effectiveness of the disclosure controls
                  and procedures, as of the end of the period covered by this
                  report; and

         c)       disclosed in this report any changes in the registrant's
                  internal control over financial reporting that occurred during
                  the registrant's most recent quarter that has materially
                  affected, or is reasonably likely to materially affect, the
                  registrant's internal control over financial reporting; and

    5.   I have disclosed, based on our most recent evaluation, to the
         registrant's auditors and the audit committee of registrant's board of
         directors (or persons performing the equivalent functions):

         a)       all significant deficiencies in the design or operation of
                  internal controls which could adversely affect the
                  registrant's ability to record, process, summarize and report
                  financial data and have identified for the registrant's
                  auditors any material weaknesses in internal controls; and

         b)       any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  registrant's internal controls over financial reporting.

Date: March 30, 2004

                             /s/ J. Nelson Happy
                             -------------------------------------------------
                             Vice Chairman, President, Chief Financial Officer
                             and Secretary (principal Executive and Financial
                             and Accounting Officer)