Hi Shuchim,
I am sorry to hear about this as you say a lot of student pilots have lost a lot of money without obtaining a qualification. I am not sure what the agreement is between the students and Kingfisher? At the present time Kingfisher is loosing a lot of money, reducing routes with the likely delay of the international or cancellation all together of the start of international operations. To put it into perspective I think the currently employed qualified pilots should be worried about their jobs, not just those at ASA.
Indian student pilots have had a good run over the last 3 years going from not flying an aircraft at all and then 12 months later being in the right seat of an A320 or B737 with 250 hours total. The bubble had to burst sooner or later! It has burst unfortunately.
The world economy has been on the down for some time now, this hasn't happened overnight! Increasing ATF prices pushing up operating costs which in turn push up the ticket cost to the passenger with the net result of less people flying and the airlines loosing more money.
The airlines have to reduce capacity and reduce the amount of seats they offer on a daily basis to increase their load factors to try and make a profit.
At the end of the day if you pay an organization a lot of money up front prior to obtaining your completed training, it is a large risk! Especially in the world of aviation, with a general aviation organization the risk is even higher.
I also think that people over the last 12 months have had a good indication of this day coming and should have been more cautious and not proceeded with pilot training. I know hind site is great but the indications have been there.
I do hope something is sorted out for these student pilots as it will be a great loss for them. Unfortunately this is life and reality.
