Backed with Cash, Relaunched Mooney Plans To Focus on Flagship Aircraft
The company recently completed its first aircraft–an M20TN Acclaim Type S–since the new investors took control.
Mooney CEO Dr. Jerry Chen
Mooney CEO Dr. Jerry Chen

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. All auction proceeds–$646,000–will be used to establish a Mooney history museum in Kerrville.

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