Mooney Airplane Aims to 'Lead with Speed'

Mooney was traded over the counter, but MAG Holding, which held more than 90 percent of the stock, filed a certificate of ownership and merger with the Delaware secretary of state's office -- with all outstanding shares of common stock to be canceled and stockholders to be paid 35 cents per share.

With its house now in order, Mooney management is optimistic about the year ahead.

"Speed sells. We expect the Acclaim to generate a lot of interest," Franson said, adding, "2007 is going to be an exciting year for Mooney."

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