It’s been a little more than six years since Mooney was acquired by Meijing Group, a Chinese real estate company. But, this week, the company closed its doors. At this time, there has been no official announcement as to the future of the company. The Kerrville Daily Times announced yesterday that Mooney’s employees were furloughed. With hopes for the future for the employees affected by the shutdown, Kerrville’s Area Chamber of Commerce president and CEO, Walt Koenig told the Daily Times, “I think they will be back.”
Mooney Furloughs Employees
Key Takeaways:
- Mooney International has closed its doors and furloughed employees, six years after being acquired by China's Meijing Group, with no official announcement about its future.
- Under Chinese ownership, the company pursued an aggressive reestablishment, including increasing staff, reopening US facilities, and developing a new M10 aircraft, which was ultimately shelved.
- Despite efforts, a large facility in China saw limited activity, and Mooney struggled with frequent leadership changes since 2016.
Key takeaways sponsored by Aviator Pro | Start Your Training ->
See a mistake? Contact us.
