After what can hopefully be appreciated as an extended Thanksgiving break, the workers at Mooney International are back to work at the historic factory in Kerrville, Texas. While the future of the company is not yet completely secure, there is a lot more optimism today than there was a few weeks ago when the company furloughed its entire staff.
Mooney Workers Return
Key Takeaways:
- Mooney International employees have returned to work after a recent furlough, expressing renewed optimism due to ongoing acquisition negotiations.
- A group of investors is finalizing a deal to acquire Mooney, with the stated intent of reestablishing it as a viable production and support company.
- Despite past instability and low annual aircraft deliveries since 2014, the company also generates revenue through parts manufacturing for its own and other aircraft.
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