Sad news for those of us that have been around a while, I have had several Hobbico models and many many bits and pieces from them over the years.
The NexSTAR model in RC Simulator RealFlight must have launched a thousand hobbyists.
Hobbico announced today that they are filing for restructuring under Chapter 11 of the Bankruptcy Code and that they are pursuing a process to sell or restructure the company. Its important to know Hobbico will continue to operate the business throughout the bankruptcy process. Numerous companies across a range of industries (automotive, airlines, etc.) use this type of filing as a tool to get costs under control, create stability and build platforms for growth.
Hobbico intends to use the bankruptcy f…
Read the full article at: https://www.suasnews.com/2018/01/hobbico-restructuring-chapter-11/