SOCATA ACQUIRES MOONEY'S SHARE OF TBM-700 PROGRAM

Socata, the subsidiary of Aerospatiale that produces single-engine aircraft, recently acquired Mooney's 30-percent interest in the TBM-700 single-engine turboprop. The company dissolved TBM S.A., the joint-venture holding company, and TBM N.A. in North America. Aerospatiale General Aviation in Grand...

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