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Fri, Oct 20, 2023

No Great Surprise... Rotor X Declares Bankruptcy

Millions of Dollars In Expected Claims Affect A Large Number of Sport Rotorcraft Community

When reports started surfacing about issues in the Rotor X community, ANN did two things that are highly unusual in the aviation journalism world. 

First, we researched, corroborated, and looked into both sides of the issue to find out what appeared to be the truth of the matter -- not a short or easy process. 

Second, we actually reported on it -- one of the more unusual aspects of such stories like these today. 

Now, ANN has learned that Rotor X has filed for bankruptcy in the state of Arizona. The official documents we've seen so far indicate that Rotor X is filing their bankruptcy, pro se (both unique and questionable considering the size of the claims involved), and is doing so under Chapter 11 of the US Bankruptcy Code which tends to suggest that they actually think they're going to reorganize the complex and convoluted mess that we've documented so far. 

Nearly 100 customers are reportedly affected by over a year's worth of broken promises, undelivered kits, incomplete kits, and what can only be termed as untrue statements by the company as it attempted to prop up its faltering operations -- possibly, it appears, with the support of one or two players in the Builder Community. 

We have reached out to the US trustee in this matter and will report back as soon as we have proper information.

FMI: www.rotorxaircraft.com

 


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