Mooney Aviation Company Essay

2246 words - 9 pages

In the year 1929 Albert and Arthur Mooney came together and they started an Aircraft Company known as Mooney Aviation Company in Texas. This research paper will examine this Aircraft Company from its initial operation in the global air industry and how it has been operating with all the ups and downs posed by technological and economic changes across the globe. Typically, Mooney Aviation Company is a privately owned company that aims at making profits, offering the best or high quality airplane services to its clients. In addition to this, Mooney Aviation Company encourages its employees to be creative and innovative thus enhancing their personal growth. Apart from being friendly, Mooney Company treats its employees with a lot of care, respect, and warmth thus enabling them to offer quality services to their clients (Ganson, 2014).
Although this company went bankrupt in 1930 following the great depression it got back in track during and after the Second World War, however, in 1960s the company fell down again due to lack of adequate funds. Then came the period of 1980s when Mooney Aviation Company started enjoying overwhelming profits till 2008 when it started laying off part of its employees. On 8th October 2013 Soaring America Corporation a California based Company acquired all assets of the Mooney Aviation Company. although , Mooney Aviation Company have been facing a lot of challenges year in year out, it has been able to make a lot of remarkable profits and according to Chen, CEO of the company, they are expecting to rise back and by the end of 2014 they expect to increase its employees to 120. In addition to this, Mooney Aviation Company hopes have reduced its travel charges remarkably in such a way that potential clients are able to afford these charges. Furthermore, Mooney Aviation Company treats its employees with outmost faith, they do this by treating employees in such a way that they feel they are the ones who own the company. This new culture developed by the top management of Mooney Aviation Company will definitely increase it profits.
Although, Mooney Aviation Company has been experience a lot of pitfalls since it started operating, the company has always been ranked as the best when it comes to employee and customers satisfaction. According to the reports given by Fortune, Mooney Aviation Company has been successful in the airline industry history. In this respect, Mooney Aviation Company is accredited for introducing the first aircraft (M20J 201) that achieved a speed of 201 mph at 200 hp. Following the terrorist attack of US on 9/11 experienced huge financial loss, however, the company was able to maximize its strong cash position that it had accumulated and was able to expand and reach new markets. In addition to this, Mooney Aviation Company has been able to succeed as a result of strong labor relationship as well as good strategies and coordination developed by its management.
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