231. In 1984, Republic Steel was acquired by the Ling-Temco-Vought corporation, and Mooney was dropped. There were several bids to purchase the company and it was quickly purchased by a group of investors known as the Morrison Group from Minneapolis, Minnesota. Less than two months later it was acquired by the team of Armand Rivard of Lake Aircraft and Alexandre Couvelair, a Mooney dealer from Paris. They had placed a bid when Republic dropped Mooney and were determined to own the company. When president Tom Smith left to join Fairchild Aircraft, Roy LoPresti became president, but he left the following year (1985) to work for Beech Aircraft Corporation. The 301 was put on hold and was never resumed by Mooney; it eventually became the TBM700 and is now produced by Socata Aircraft. The focus was once again on the M20 line. Sales continued to fall, totaling 143 in 1984 and 99 in 1985. Mooney opened a new facility in San Antonio, Texas, in 1989. In February of that year, the next M20 model was released: the M20M TLS (Turbocharged Lycoming Sabre). The first year, the TLS accounted for 30 of the 143 aircraft delivered, and in 1990 this increased to 61 units. Also in 1989, Mooney released a trainer model based on the M20J. Beech, Cessna and Piper had all stopped production of trainers throughout the 1980s, and the 201AT was designed to fill this gap. From 1989 to 1992, 20 units were delivered. 1990s 1990 saw the release of the next new model, the M20J 201, also designated the MSE. This was a non-turbocharged model that incorporated many features from the TLS. In early 1991 Mooney decided to offer its Enhanced Flight Screener Trainer model to the general public, given that the Air Force was slow to make a decision on its trainer. It was to have a Lycoming O-540 engine and would be rated for aerobatics. However, it generated little public interest. The TLS continued production through 1995, and the MSE continued too, until it was replaced by the M20R Ovation in 1994. Once again Mooney was offering two models: one with high speed (the TLS) and the other with high efficiency. The competition for the Enhanced Flight Screener program was finally held in 1992, and the Slingsby T67 Firefly was chosen instead of the Mooney EFS. Sales continued to drop, only reaching 64 units in 1993. The