Good News for Mooney Aircraft Owners

Hello Mooney Followers,

It is time for all of you to take a deep breath and listen to what I
have to say about Mooney International, now that I am allowed to speak.

We have been working for months with Dr. Jerry Chen, President of
Soaring America on a deal to provide funding to restart production of
Mooney aircraft in Kerrville, TX. This last Friday, all of the necessary
hurdles being jumped, Mooney Aviation Company became Mooney
International Corporation, with a funding injection by Soaring America.
Soaring America is a U.S owned company, with its home office located in
the Los Angeles, Ca area.

If you were to meet Jerry, you would find a very intelligent, likable
guy. I mean this guy is a full Professor of Aeronautics at UCLA, and he
saw the potential in resurrecting one of the most advanced aircraft
designs in the world, and growing on that for future Aerospace products.
When Jerry first approached us, one of the first visions he presented to
us was to maintain a high quality aircraft brand, made in the USA by
American workers, sold worldwide including up and coming Emerging
markets worldwide. Restarting Production of the Ovation and the Acclaim
Type S is an expensive proposition, and Soaring America has the kind if
financial backing to get this place up and running again. You, as Mooney
owners can expect a serious improvement in parts flow and customer care
in the coming months. An example would be the Elevator skins, which have
not been available for years, are now shipping from the factory in
Kerrville to needy customers everywhere. Why? Because Jerry spent
$16,000 to replace the rubber press plate on our Large Hydro Press that
had deteriorated beyond use several years ago. We are currently
receiving bids to refurbish the factory, and are looking to hire upwards
of 100 people in the coming year. This will allow us to start Production
of new aircraft in early 2014, delivering later in the year.

Last week, an unfortunate, and inaccurate Press Release found its way
onto some of the internet aviation websites. That subsequently lit up
the chatlines with all manner of speculation and comment, including one
commenter that was ready to sell his F Model because "he wasn't going to
put any Chinese Junk" on his airplane. Really??

Allow me to present some FACTS to you, that you may not be aware of:



- Mooney International Corporation is a U.S. Corporation. Want proof?
Friday I transferred the Type Certificate 2A3 to Mooney International
Corp. under the authority of FAA Order 8110.4C Paragraph 3-2(f)(2) which
states: "Certificate Transfer to a Domestic Holder. When a TC holder
transfers a TC within the U.S., the FAA must reissue the TC immediately.
The TC holder submits the original TC to the ACO after completing the
transfer endorsement on the reverse side of the TC. This changes the TC
holder, and the effective date is the date of the TC holder's
signature...

 - I personally do not care if another country makes "junk", or not. I
am Chief Engineer for Mooney International, and Mooney International
makes aircraft and its parts, in Kerrville, Texas that conform to our
Type Design. The people that are, and will be employed here are
Americans that live in the Kerrville area. Always has been, always will
be.
- Is the source of this financing originating in other countries?
Probably. Let me remind you of another fact: Mooney, for more than the
last decade, has been financed by (GASP!) European investors. So if the
source of the financing that funds a U.S Company, building a U.S.
product in the U.S built by U.S. workers bothers you, then maybe you
should check out one of our competitors. Oh, wait! Most of them are
owned by foreign companies! But not Mooney International. Oh, and by the
way, Dr. Chen's lineage is not Chinese, rather Taiwanese.


In closing, I hope I have been able to put these rumors to rest. If I
were you, I would look for news releases that come from here. What is
happening here in Kerrville is GREAT NEWS, and should be greeted as
such.



Bill Eldred

Director of Engineering

Mooney International Corp.