22 Jun 2025, 09:12 [ UTC - 5; DST ]
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Username Protected
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Post subject: Re: First it was MOONEY AIRCRAFT, Now it is ICON A5  Posted: 25 Dec 2024, 11:21 |
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Joined: 10/07/18
Posts: 3348
Post Likes: +2399
Company: Retired
Location: Columbus, Ohio
Aircraft: Baron 58, Lear 35
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Mooney has been “bust” more times than I can keep track.
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Post subject: Re: First it was MOONEY AIRCRAFT, Now it is ICON A5 Posted: 25 Dec 2024, 11:32 |
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Joined: 03/04/14
Posts: 1967
Post Likes: +908
Location: FREDERICKSBURG TX
Aircraft: MOONEY M20TN
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Username Protected wrote: Mooney has been “bust” more times than I can keep track. They have certainly changed hands many times. In the 71 years that they've been here in Kerrville TX they filed bankruptcy three times, twice under a Mooney name. Once in 1969 after spending too much developing a pressurized single that didn't make it (M22). Again in the summer of 2001 they filed and then the entire holding company that bought their assets (and owned several other companies) filed in 2004. Even after the Chinese ownership, they are now owned primarily by a group of U. S. investors. They haven't been producing airplanes since late 2019, but still employ about 35 people to run the Mooney Factory Service Center and to manufacture parts to support the 7000 Mooneys flying.
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Post subject: Re: First it was MOONEY AIRCRAFT, Now it is ICON A5 Posted: 25 Dec 2024, 20:27 |
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Joined: 08/16/15
Posts: 3435
Post Likes: +4960
Location: Ogden UT
Aircraft: Piper M600
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Not sure what their interest in Icon would be. Thought it was interesting that they bought Cirrus, maybe for some IP from the jet. Looks a lot like some of their new military drones. Maybe with the Icon they want drones that they can launch at our ships from the water  Attachment: Ski (2).jpg Attachment: 2 (2).jpg
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_________________
Chuck Ivester
Piper M600
Ogden UT
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Post subject: Re: First it was MOONEY AIRCRAFT, Now it is ICON A5 Posted: 25 Dec 2024, 21:33 |
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Joined: 09/18/21
Posts: 401
Post Likes: +340
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Since 2000 Chinese entities have bought:
Continental Motors
Theilert Motors
ECI
Superior Airparts
Cirrus
Diamond
Eclipse
Mooney
Glasair
Searay
Icon
Enstrom
Brantley
Hiller
Of that list I believe Mooney, Eclipse, and Enstrom returned to Western ownership via bankruptcy. (I know for sure this was the case for Enstrom as I work there.)
Continental, Theilert, ECI, and Superior comprise of well over 50% of the piston aircraft engine manufacturing in the world.
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