The parent of the in-flight shopping magazine SkyMall said on Friday that it had filed for bankruptcy protection, citing in-flight Wi-Fi access as one of the factors luring shoppers away from its quirky catalog of travel products, pet toys and garden gnomes.
The company, Xhibit, said that it would sell off its online retail business and other assets.
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The SkyMall business generated revenue of about $33.7 million in 2013 and $15.8 million for the nine months ended Sept. 28, according to the filing. Debtors estimate that total creditor claims are approximately $12 million, the filing said.
Rebecca R. Ruiz contributed reporting.
