No Great Surprise... Rotor X Declares Bankruptcy | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.01.24

Airborne-Unlimited-04.16.24

Airborne-FlightTraining-04.17.24 Airborne-AffordableFlyers-04.18.24

Airborne-Unlimited-04.19.24

Join Us At 0900ET, Friday, 4/10, for the LIVE Morning Brief.
Watch It LIVE at
www.airborne-live.net

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

 


Advertisement

More News

Aero-News: Quote of the Day (04.17.24)

"Sometimes, growth makes it easy to miss the little things, and today's "little guy" is smarting more than ever just looking at the price tags of "cheap" aircraft. Poberezny, seein>[...]

ANN's Daily Aero-Linx (04.17.24)

Aero Linx: Space Medicine Association (SMA) The Space Medicine Association of the Aerospace Medical Association is organized exclusively for charitable, educational, and scientific>[...]

Airborne-Flight Training 04.17.24: Feds Need Controllers, Spirit Delay, Redbird

Also: Martha King Scholarship, Montaer Grows, Textron Updates Pistons, FlySto The FAA is hiring thousands of air traffic controllers, but the window to apply will only be open for >[...]

Airborne 04.16.24: RV Update, Affordable Flying Expo, Diamond Lil

Also: B-29 Superfortress Reunion, FAA Wants Controllers, Spirit Airlines Pulls Back, Gogo Galileo Van's Aircraft posted a short video recapping the goings-on around their reorganiz>[...]

Airborne 04.11.24: SnF24!, King's 50th, Top Rudder, Aileronics

Also: Flight Club, Jet Shades, MyGoFlight’s FlightFlix Acquisition FIFTY YEARS! What a milestone for the aviation world’s master aero-education duo! John, Martha, along>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC