Mooney News

Mooney Aviation Website

Wed, 22 May 2013 10:59:12 -0400

SUN'nFUN - 2011

Wed, 22 May 2013 10:59:12 -0400

The market outlook for new planes in the US is showing signs of improvement and we are starting to see increased interest from potential customers who are questioning when they will be able to place an orders for new planes. Internationally we are also seeing increased interest led by the developments in China which in turn is boosting interest in Asia generally. "The future growth of the Chinese market and the development of a true GA environment has significant potential for us" says Sol Mayer Mooney's President and CEO. "The recent acquisitions of US GA companies by Chinese companies demonstrate how seriously they view the development of their domestic GA industry.

While Mooney is not currently producing new planes we continue to focus our resources on maintaining our certifications and supporting the existing fleet. This support includes the provision of service parts and the technical help desk. We are in the process of sourcing parts with local vendors so that we can maximize parts availability to our customers. The continued support of Mooney owners, Mooney Ambassadors, Mooniacs, and our pilot associations MAPA and MOA has contributed significantly to our ability to weather the market downturn over the past two years. This will allow us to emerge stronger than ever.

Mooney Aviation Company Announcement

Wed, 22 May 2013 10:59:12 -0400

November 18, 2010 - Kerrville, Texas

Mooney employees received unwelcome news this week as the holiday season approaches. More difficult decisions were necessary that will eliminate many of the current positions at the company by year end.

"We are not shutting down," said Mooney Chief Financial Officer Barry Hodkin. "However, we cannot continue to subsidize the company at the level we have in the recent past. We have been in discussions with potential investors for more than 18 months and will continue to work with them. If things change then the scope of this layoff could change."

"We will continue to protect Mooney's assets both tangible and intangible," Hodkin said. "Those assets include the facilities and our certificates for production and manufacturing."

In addition, the company intends to continue to provide technical support to existing owners and a level of spare parts support for Mooney airplanes.

Mooney began layoffs in 2008. At that time, the company employed approximately 500 people in the manufacture of its high-performance, single engine aircraft. That year, as the economy worsened Mooney started taking steps to survive the economic downturn. On November 4, 2008, more than 200 employees were furloughed. Smaller reductions in force continued until they reached today's employment level of 53.

Hodkin said negotiations with potential investors continue, but there have been no commitments made to date.

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MOONEY AVIATION

Wed, 22 May 2013 10:59:12 -0400

October 15, 2010, Kerrville, Texas – As Mooney positions itself for the future, the assets of Mooney Airplane Company, Inc. have been transferred to Mooney Aviation Company, Inc. Mooney Aviation Company wants to advise customers that it is currently providing service on all aircraft supported by Mooney Airplane Company, including technical support, service parts and the factory service center based in Kerrville, Texas.

About Mooney Aviation Company

Mooney Aviation Company is located in Kerrville, Texas. Current models include the Acclaim Type S, the Ovation3 and the Ovation2 GX. Since inception in 1946, Mooney has manufactured and delivered more than 11,700 aircraft worldwide. Today, 7,000 customers in the United States and 1,000 more overseas fly these proven, high-performance airplanes. For more information, visit www.mooney.com .

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