AMA Drone Report 01.11.18: Hobbico Chapter 11, New Tello Drone, Karma Killed | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 07.16.18

Airborne-UnManned 07.17.18

Airborne 07.18.18

AMA Drone Report 07.12.18

Airborne 07.13.18

Airborne-YouTube

Airborne 07.16.18

Airborne-UnManned 07.17.18

Airborne 07.18.18

AMA Drone Report 07.12.18

Airborne 07.13.18

Thu, Jan 11, 2018

AMA Drone Report 01.11.18: Hobbico Chapter 11, New Tello Drone, Karma Killed

Also: Huerta Steps Down, NJ Considering Drone DUI, UK Drone Collision Study, Team Futaba

In a bit of bad news we did not need, one of the hobby industry’s biggest players is filing for bankruptcy protection as it looks to refinance or sell the company.

A major presence in the hobby drone market, Hobbico filed a petition for relief under Chapter 11 of the United States Bankruptcy Code while it ‘seeks an orderly finalization and implementation of its comprehensive restructuring plan.’ The petition was filed Wednesday with the United States Bankruptcy Court – Wilmington of Delaware. In conjunction, Hobbico also announced its plan to sell the company. Ryze Tech, a drone start-up, has completed development of its first intelligent toy drone called the Tello, and is officially debuting the new product at CES 2018 in Las Vegas. The Tello is a hobby drone that balances fun, form and function, weighing around 2.8 ounces with a body that is approximately the size of a smartwatch. It can be activated with a quick toss and return to land in the palm of your hands in a matter of seconds. GoPro announced in its most recent earnings report that it is exiting the camera drone market after it sells off its existing drone inventory. The company is reportedly laying off between 200 and 300 people, mostly from the Karma segment of the business.
The layoffs were announced in a letter from GoPro executives to employees affected by the move, which was called part of a "larger restructuring to better align our resources with business requirements." All this -- and MORE in today's episode of the AMA Drone Report!!!

AMA Drone Report 01.11.18 is chock full of info in this Weekly News Episode, Thursday, January 11th, 2018... Presented by Aero-TV veteran videographer and Airborne Hosts Brianne Cross, Christopher Odom, and Laura Hutson, and is supported by ANN CEO/Editor-In-Chief Jim Campbell, Chief Videographer Nathan Cremisino, and Aero-Journalists Tom Patton, and Earl Downs, this episode covers:

  • Hobbico, Inc. Files Petition For Chapter 11 Relief, Pursues Sale Of Company 
  • New Tello Hobby Drone Soars Into CES 2018
  • GoPro Kills Karma, Announces Layoffs
  • Huerta Steps Down As FAA Administrator 
  • New Jersey Considering Drone DUI Law 
  • U.K. Drone Collision Study Called Into Question 
  • Team Futaba Welcomes Colton Clark 

Get Comprehensive, Real-Time, 24/7 coverage of the latest aviation and aerospace stories anytime, at aero-news.net. And be sure to join us again next week for the next edition of "AMA Drone Report" here on Aero-TV. Thanks for watching. See you, again, tomorrow!

© 2018, Aero-News Network, Inc., ALL Rights Reserved.

FMI: www.amadronereport.com, www.airbornetv.net, www.aero-news.net, www.aero-tv.net, www.youtube.com/aerotvnetwork, https://vimeo.com/aerotvnetwork, http://twitter.com/AeroNews

 


Advertisement

More News

Airborne 07.16.18: Coast Guard Rescues, AEA $$Prizes$$, Commuter Craft

Also: Hartzell @OSH18, FreeFlight Systems, Kent State Alsims, Hackers Ripoff MQ-9 Reaper Info If you aren’t already in awe of the work of the US Coast Guard, you should be. T>[...]

One More Reason To Celebrate Oshkosh -- ANN To Select Best Sportplanes of 2018!

In An Age Clouded By Icon's Flim-Flammery, We Want To Suggest Companies/Planes We HONESTLY Believe You Should Trust As we have in year's past... ANN is dusting off one of our reade>[...]

Klyde Morris (07.16.18)

Klyde... There Ain't No Buck Rogers Without The Bucks! FMI: www.klydemorris.com>[...]

Details About ANN’s NEW Social Media Program (SMP) For Oshkosh 2018!

ANN Pushes Aviation Media Further Into The 21st Century... ANN is radically updating its social media campaign for the upcoming 2018 Oshkosh AirVenture Fly-In. This is just the lat>[...]

ANN's Daily Aero-Term (07.16.18): Intermediate Fix

Intermediate Fix The fix that identifies the beginning of the intermediate approach segment of an instrument approach procedure. The fix is not normally identified on the instrumen>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC