Okay, I'm not quite sure what you said in the last two sentences, but, here you go on shinies with alpha channels.

So you have the one you want it to look like with her name on the tail, right?  So that's your base image.
Open the original in DXTbmp, and go to Alpha / Export Alpha Channel, and save the image somewhere.  This is your alpha channel.  It's what makes the aircraft reflective and shiny.
Open your base image with the name on the tail.  Go to Alpha / Import Alpha Channel, and select the alpha channel you exported from the original.
Then save the image as an Extended Bitmap / DXT3.  This is your completed image.
Make a copy of the original texture folder, and rename it something like texture.name
Then replace the original image with your new completed image.
Put the new texture folder in the aircraft's folder, and add a correct new section in the aircraft.cfg.
Then, fly!

Good morning Major Sir. I followed your instructions for the shiney finish and it worked beautifully! It was very simple to do,which made it that much more easy to accomplish.Thanks so much for the help! Really! I fought that problem for quite some time.Finally gave up.I hate to be beat at anything,but that one really stumped me since I didnt understand the art jargon.I have Gmax and dont fool with that.Seems like one needs to understand aerodynamics and related matters to even begin to make a worthwhile plane.But thats another matter.So thanks again Sir for the much valued help on this long time problem! /stephan "Altitude With Attitude!"