Through the first three quarters of 2006, the company reported about $25 million in revenue, but noted that many potential buyers were opting to put in reservations for an Acclaim and wait for shipments this year.
In October, Mooney Aerospace Group Holding Corp. -- a Swiss-based investment group that bought Mooney during its Chapter 11 bankruptcy -- announced its intent to take the company private.
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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When the FAA gave its approval this month, Mooney announced it upped the official cruise speed to 237 knots.
Matt Kenseth, who is currently among the leaders in NASCAR's Nextel Chase for the Cup, will be signing autographs and greeting potential Mooney customers at the company's NBAA Static Display on...
Mooney Aerospace Group, Ltd. announced that Gretchen L. Jahn has resigned as CEO of Mooney Airplane Company, Inc. and president of the parent company, Mooney Aerospace Group, Ltd.
Mooney Airplane Company has announced that the M20 TN Acclaim has received its final certification from the Federal Aviation Administration and deliveries are expected to begin immediately.