Mooney may soon be sold to Chinese investors. Then again, maybe not. The Kerrville, Texas, company says it can neither confirm nor deny a report that a sale to a Chinese real estate investment group is imminent.
Mooney Chief Financial Officer Barry Hodkin told Flying he couldn't comment on the report. Hodkin was earlier quoted as saying news of a Chinese buyout was "premature." He backed away from that language when he spoke with us, saying instead that he couldn't speak "for legal reasons."
Mooney shut down operations and laid off most of its workers in 2008, nearly 80 years after the light plane manufacturer was founded by Albert and Arthur Mooney in Wichita, Kansas.
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