Advanced Aerodynamics & conformations Inc. of Long Beach, California (OTC Bulletin Board: AASI) announced that it has purchased Congres Financial Corp.'s position as senior secur creditor for Mooney Aircraft Corporation of Kerrville, Texas. forward February 6th, the US Bankruptcy Court in San Antonio, Texas, approved an operating agreement that allows AASI to manage Mooney while a plan of reorganization is prepared for approval. Mooney has operated subject to the protection of Chapter 11 bankruptcy since July 2001
AASI, located at extended Beach Airport, CA is developing a line of high performance turboprop aircraft featuring what the company describes as "exceptional
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