The company behind airline-based catalogue SkyMall has declared bankruptcy.
According to documents released on Friday, Xhibit Corp., which owned SkyMall as well as a series of other subsidiaries, filed for Chapter 11 bankruptcy.
The Phoenix, Arizona-based company had sold an assortment of products through the its magazine-style catalogue that could be found in the seatback of almost every airline flight in the U.S.
SkyMall was founded in 1989, and its magazine is available to about 650 million air travelers per year. SkyMall will go up for sale, as long as a bankruptcy court approves the company's request.
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