Backed with cash from Asian investors, the relaunched Mooney International has spent the last eight months hiring staff at both its Kerrville, Texas production plant and its new Chino, Calif. headquarters and R&D center. The company now employs 150 and recently completed its first aircraft–an M20TN Acclaim Type S–since the new investors took control. That aircraft was the first new Mooney off the production line in Kerrville in five years. It was sold via auction and delivered to the customer’s representative on Tuesday at EAA AirVenture 2014.
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.