Factory Is Closed, At Least Temporarily

We don't have a lot of details, but the Mooney factory in Kerrville, TX is currently closed, and all of its employees have been furloughed.

A call to Mooney resulted in a recorded message saying that the employees had been furloughed.

A post on the Mooneyspace.com indicated that the employees had been furloughed for a week and told to return to work a week from Monday. No other details were made available. There is no indication of the furlough on the company website.

According to Wikipedia, the company cut production and laid off some 60 employees in 2008, citing a weak economy and high fuel prices. The company continued to clear its backlog of aircraft, but no new airplanes were produced.

In 2013, Mooney was purchased by California-based Soaring America Corporation led by president Cheng Yuan (Jerry Chen) of Taiwan. Production resumed in 2014 after an infusion of capital from Chinese investors.

It is unclear what this current furlough means for the future of the company ... whether it will be a bump in the road or a permanent closure. We're following this story and will provide updates as they become available.

(Image from file)

FMI: Mooneyspace
Wikipedia
www.mooney.com