gap between the normally aspirated MSE and the turbocharged TLS, and it was powered by a Continental IO-550 engine. Of the 91 Mooney aircraft manufactured in 1995, 54 were Ovations. This model was named Flying's single-engine plane of the year in 1994. The following year, an upgraded model of the TLS with a more powerful Lycoming TIO-540-AF1B engine, was designated the M20M, but also was referred to as the "Bravo" due to the new B engine. This upgrade was offered to owners of earlier TLS models that had the TIO-540-AF1A engine. Soon after the release of the Bravo, the TKS ice protection system was offered for the Bravo and Ovation models. The M20K Encore was released in 1997, an M20K with more horsepower and a higher gross weight, giving it performance similar to the original M20K. It also had an improved interior and reduced cabin noise levels. The M20S Eagle, released in 1999, was powered by a Continental IO-550-G. It was followed in 2001 by the Eagle 2. This model included refinements such as a standard leather interior. The Eagle 2 also used the same 3 blade propeller as the original versions of the M20R and was produced from 1994 to 1999. 2000s The M20TN Acclaim was released in 2006, powered by a turbonormalized Continental TSIO-550-G powerplant with twin turbochargers and dual intercoolers. The Acclaim replaced the Mooney M20M Bravo in the company product line. Mooney laid off 60 employees in June 2008 and cut production, citing a weak economy and sales inhibited by high fuel prices. Later that year, in November, all production was halted. In July 2008, Mooney signed a memorandum of understanding with Rolls-Royce to develop a version of the M20 that was to have been powered by the Rolls-Royce RR500 TP turboprop powerplant. The project was announced as being a joint "marketing investigation" and "exploration project", but does not appear to have come to fruition. 2010s More employees were laid off in late 2010. The stated goal was to have fewer than 10 employees at the start of 2011, with these employees providing parts and support to existing aircraft owners while the company searched for new investment. This search ended in late 2013; Chinese investment enabled the company to resume production in early 2014. Later that year, the M10T and the M10J were announced, both to be powered by Continental diesel engines. Two new models were