SkyMall the in-flight shopping catalogue brand owned by Xhibit Corp has filed for bankruptcy protection (Chapter 11), suspended its print catalogue operation and laid off 47 of its 150 employees. SkyMall was founded in 1989 and was market leader in the in-flight shopping sector holding contracts with major airlines. It had recently lost its contract with Delta Airlines and had been give notice of contract termination with Southwest Airlines Co..
It is expected that the SkyMall online business will find a buyer.
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