Mooney to be privatised

Mooney Aerospace is to be privatised, following a move from MAG Holding Group, which owns more than 90 percent of the outstanding stock of Mooney Aerospace. All current Mooney shareholders will receive 35 cents per share.

Mooney Airplane Company will continue to be a wholly-owned subsidiary of Mooney Aerospace.

No news, as yet, of what this means for the future of Mooney and its aircraft