Mooney International Corp. of Kerrville, Texas, which bought the assets of moribund Mooney Aircraft in October 2013, announced on Friday at the Sun ’n’ Fun in Lakeland, Fla., resumption of production of the piston single Acclaim Type S and Ovation 3. An Acclaim, Mooney’s 240 knot-plus flagship model, is scheduled for completion in July–the first new Mooney built since 2009–and will be auctioned online, the proceeds seeding a Mooney Museum, company CEO Dr. Jerry Chen told guests at the company’s relaunch ceremony.
Although it’s unlikely to become the Wal-Mart of general aviation, the newly created Mooney Aerospace Group (MAG) has announced a price rollback. Roy Norris, who on January 8 became chairman, CEO and president of Long Beach, Calif.-based Advanced Aerodynamics and Structures Inc.
Advanced Aerodynamics & Structures, which completed its acquisition of the assets of bankrupt Mooney Aircraft on April 29 and changed its name to Mooney Aerospace Group, has indefinitely suspended development of the Jetcruzer 500.