Justin Schmidt Posted Friday at 08:37 PM Report Posted Friday at 08:37 PM It really appears that mooney is transferring what they can to LASAR and shutting down. Now could this be to shed to existing debt? Probably. Could it be to shed China out that still owns 20%? Probably. Could they then turn LASAR into Mooney? Possibly. Frankly, as long as someone finds an actual businessman that knows aviation business to take of "mooney " stuff. But really mooney is no longer viable.
1980Mooney Posted 8 hours ago Report Posted 8 hours ago On 9/19/2025 at 3:37 PM, Justin Schmidt said: It really appears that mooney is transferring what they can to LASAR and shutting down. Now could this be to shed to existing debt? Probably. Could it be to shed China out that still owns 20%? Probably. Could they then turn LASAR into Mooney? Possibly. Frankly, as long as someone finds an actual businessman that knows aviation business to take of "mooney " stuff. But really mooney is no longer viable. When you say "shedding debt", remember the buildings in Kerrville are leased from the City of Kerrville in a long-term lease. A long-term lease is a liability similar to long term debt. If LASAR picks up the long term lease from the City then that sheds some liability from Mooney. If LASAR "sublets" it from Mooney - then Mooney is still liable but it helps Mooney cashflow. However that is small in the scheme of things. The Kerrville Airport Authority has not posted any of Minutes of the recent Board Meetings so it is not clear what is going on. I don't see how this "sheds the 20%" still owned by the Meijing Group of China". Meijing put a lot of money into Mooney. I bet most was via debt to themselves and is still on the Mooney Corp books making Meijing, Mooney Corp's biggest Creditor. It is exactly what the VanGrunsven family did with Vans Aircraft. VanGrunsven was selling the stock of Vans Aircraft Company to the employees, but the VanGrunsven family loaned money to Vans Aircraft Company as debt to provide the financing and working capital for it to function. Vans became insolvent and filed bankruptcy. In bankruptcy the stockholders (equity) usually get wiped out as the debtholders seek to get enough value to cover what is owed to them (either from liquidation (auction) of assets or if there is not enough liquidation value, by taking ownership of the company in order to get paid back over time). At the time of bankruptcy, VanGrunsven was a minority shareholder (like Meijing at Mooney), but in bankruptcy VanGrunsven wound up owning 100% of Vans. - just like a rubber band the VanGrunsven family snapped the ownership back and the employee shareholders got hosed. I am willing to bet that if Mooney files bankruptcy, the Meijing will wind up with 100% ownership again.... 4
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