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:
- Mooney, under new President and CEO Vivek Saxena, has canceled the M10 three-seat training airplane program.
- The company is shifting its focus to developing a "Next Generation Piston airplane," aiming for a new game-changing airframe design and leveraging insights from the M10's development.
- Mooney has strong financial backing and plans a $100 million investment to modernize its operations and become a leading GA airplane manufacturer.
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