A mooniac for action, Mooney Aerospace Group wants to keep flying high. Through operating subsidiary Mooney Airplane, the company produces three models of the M20, a high-performance, single-engine, piston-driven propeller aircraft: the Ovation 2 GX, the Ovation 3, and the Acclaim. Mooney also offers financing, insurance, training, aircraft upgrades, and retrofit kits. Mooney Airplane was sold by its parent company to Swiss investment firm Allen Holdings & Finance in 2004 and then reacquired later that year as part of Mooney Aerospace Group's reorganization under Chapter 11. Mooney Aerospace Group emerged from bankruptcy protection in December 2004.