New Mooney Cuts Prices, Nears Century Jet Deal

 - April 14, 2008, 9:49 AM

Aiming to attract business travelers who are working for companies in the $5 million to $90 million sales-per-year range, Mooney Airplane, now a subsidiary of Mooney Aerospace Group (MAG) of Long Beach, Calif., has reduced the price of its piston singles by an average of $90,000, or about 20 percent. The first new production airplane will be delivered at Oshkosh later this month, according to MAG Chairman and CEO Roy Norris. He told AIN that he is in the final stages of negotiations with Bill Northrup about MAG’s acquisition of the Century Jet program. “We’ve agreed on the price, the basic terms and conditions,” he said. Mooney Aerospace recently merged the assets of Advanced Aerodynamics and Structures Inc. and bankrupt Mooney Aircraft of Kerrville, Texas.