Fly is in Bankruptcy! I just read over at HRW that Fly has filed for protection of the bankruptcy courts in Spain.
If Fly is closing after there joining with Artin what is going to happen with the other producters?
A SAD, SAD, day in Slot Car Racing.
Frank
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Slotcar Outhouse uses
Slotcar Outhouse follows WEST AUSTRALIAN SLOT CAR RACING GROUP |
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SLOT CAR OUTHOUSE is totally Independent. We are not sponsored, so we can provide readers with un-biased and honest evaluations of the models we review No "Pulp Fiction" no topics removed surreptitiously at the dead of night and no sponsors to placate here folks! |
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Fly
Re: Fly
So the recent deal with Artin is now defunct or what?
I really hope someone gets the fly molds & equipment and makes good use of it.
FLY cars have just doubled their price new or used.
What a dissapointing piece of news.
I suppose the local retailers with a bucket load of old & new FLY product are going to take advantage of this, not to mention any names.
I really hope someone gets the fly molds & equipment and makes good use of it.
FLY cars have just doubled their price new or used.
What a dissapointing piece of news.
I suppose the local retailers with a bucket load of old & new FLY product are going to take advantage of this, not to mention any names.
`It is better to enter a turn slow & come out fast, than to enter a turn fast & come out dead` Ferry Porsche
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Eggmeister
- Engine Tech
- Posts: 91
- Joined: Tue Aug 12, 2008 7:35 am
Re: Fly
Geez......
I wish I'd hung onto those fly cars a bit longer. Could have been in the tinny now.
I wish I'd hung onto those fly cars a bit longer. Could have been in the tinny now.
Re: Fly
This one is an interseting situation. Bankruptcy varies from country to country but predominantly means a person or company CAN NOT pay their debts, eg, their outgoings are greater than their incomings, as opposed to 'need some time' to pay their debts. One of the first acts would be the appointment of a reciever who would determine whether they can trade their way out of debt even if it means restructuring or selling off parts of the company and/or its assets. Contrary to popular belief, Fly had started production in China and if the recievers consider the debtors are better seved by Fly's continued trading, they can trade their way out of insolvency, even at the cost of their Spanish operations and assets, this is the only current 'unknown' and when that question is answered, the future of FLY Car Model will be decided.
When I'm not racing slotcars,
I'm out in the back yard, burning food!!
Re: Fly
Here is the latest dated 27/3/09
http://translate.google.com/translate?p ... l=es&tl=en
http://translate.google.com/translate?p ... l=es&tl=en
`It is better to enter a turn slow & come out fast, than to enter a turn fast & come out dead` Ferry Porsche
Re: Fly
Lets hope that the Fly FW07 actually sees the light of day, eventually. Might have to get another March before they all run out at the shop, before they all end up on the auction sites for a million dollars each.
I hope they can get it all sorted out. As much as the old classics take a bit of sorting, I do have a bit of a soft spot for them.
I hope they can get it all sorted out. As much as the old classics take a bit of sorting, I do have a bit of a soft spot for them.