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June 02, 2004

Mooney Completes Stock Sale

Says Deal Strengthens Airplane Manufacturer

In a move apparently triggered by pressure from creditors, Mooney Aerospace Group announced Tuesday that it has sold all of the stock of Mooney Airplane Company to Allen Holding Finance Ltd., a private investment company. As part of the transaction in consideration for the stock, Allen agreed to assume all of the debt owed by MASG to its secured debenture holders, an amount in excess of $21 million, and invest $4 million in new capital for Mooney Airplane Company by July 27, 2004.

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Cirrus Receives European Certification

SR20 Becomes First Aircraft Certified for Import by EASA

Cirrus Design Corporation Tuesday announced that it received European Aviation Safety Agency (EASA) certification for its popular SR20 model.

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Almost Showtime

Final Preparations Under Way For 14th Annual AOPA Fly-In

The 14th annual AOPA Fly-In and Open House is only a few days away, and holiday weekend or not, final preparations are moving ahead.

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Two Dead In Arizona Stearman Crash

Spotted By Another Aircraft Near Falcon Field

Two people were killed Monday when their 1942 Stearman went down about seven miles north of Mesa's Falcon Field. As of ANN's deadline on Tuesday, authorities in Arizona had not yet identified the victims. Local news reports, however, identified the victims as a Mesa man and his stepfather.

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Deputy Dies Responding To Fatal Crash

Two Killed, Along With Deputy In California Mishap

Anguish heaped on tragedy Monday when a Tuolomne County deputy was killed in a car crash while responding to reports of a plane down near Columbia (CA).

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First Land, THEN Swim

Two Okay After Emergency Water Landing

Nicholas Crlucci and James Slobodnik went flying Monday morning -- a little sightseeing trip along southwest Florida's beautiful gulf coast. They didn't, however, expect to go swimming.

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What To Get Dad For Father's Day

Be A Pilot Has A Great Idea...

Let us carefully venture into the land of the general media, a place fraught with dangers and misunderstandings when it comes to aviation. Let us extend the hand of friendship to reporters across the land in hopes that they will have a better grasp of all things aeronautical. Let us offer them a free flight lesson.

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