[Aviation Today February 10, 2014] Mooney International Corp. CEO Jerry Chen said the company has begun the first production of new aircraft since the start of its five-year hiatus in 2009.
Mooney Acclaim Type S. Photo, courtesy of Mooney.
Chen announced the company's return to the industry in November 2013. The first aircraft to come off the assembly line will be a single-engine M20TN Acclaim Type S with upgraded cockpit technology powered by Garmin's G1000 integrated avionics suite.
Mooney’s relaunch is funded by Soaring America Corp., a California-based investment group. The corporation ceased production in 2008 at the start of the recession when sales of single-engine aircraft dropped by 30 percent.
Mooney aircraft dealers, such as Premier Aircraft Sales, believe the company's return will be well received by the General Aviation (GA) industry.
"There's been a void in the market since Mooney ceased production," said Fred Ahles, president of Premier. "Now that they are back, there's a groundswell of demand and we couldn't be more excited to have Mooney start to fill the pipeline with product."