There have been noteworthy changes at Mooney, as Vivek Saxena recently took over as president and CEO of the revitalized Kerrville, Texas-based aircraft manufacturer. Saxena announced the cancellation of the M10 three-seat training airplane program at a press conference at the Sun ‘n Fun International Fly-In and Expo this week, an airplane he explained never made sense for Mooney, and hinted at big things in store for the rapidly growing company.
Mooney Switches Gears to Next Generation Piston Program
Key Takeaways:
- Vivek Saxena, Mooney's new president and CEO, announced the cancellation of the M10 three-seat training airplane program.
- Mooney is shifting its focus to developing a "Next Generation Piston" airplane, aiming to create a new game-changing airframe design.
- The company has strong financial backing and plans to invest $100 million to modernize its operations and become a leading GA airplane manufacturer.
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