Public Financing Considered for Mooney
Reading, Pa.-Decision later this summer will determine if American Electronic Laboratories, Inc., will seek public financing in order to push the activities of Mooney Aircraft Corp., its newly purchased subsidiary. Mooney, which filed for bankruptcy proceedings earlier this year (AW&ST Mar. 3, p. 16), was acquired in court-supervised bankruptcy sale by American Electronic, a Colmar, Pa., manufacturer of electronic and avionics devices.
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