Mooney Airplane Company has given termination packages and career transition support to 80 employees as a result of a weak market that has seen piston-engine aircraft sales slump by 28 percent overall.
The company is also slowing production from eight aircraft per month to five for the rest of this year, according to Mooney CEO Dennis Ferguson.
“Our plans include positioning Mooney as a strong contender in the international market,” Ferguson said. “We are strengthening our business in Europe, South America, and Australia, where Mooney’s high performance, efficiency, and pricing are especially appealing. Our focus is to ensure the long-term viability of the company through prudent management and expansion of our market reach.”
Mooney recently received certification for the Model M20TN Acclaim and the Acclaim Type S from the ANAC, the Brazilian aviation certification authority. Other recent international certifications for the Acclaim include the Civil Aviation Safety Authority (CASA) in Australia.