Who moved my beneficiary fund ; when and how the rot set in at aircrew protection int
Who moved my beneficiary fund ; when and how the rot set in at aircrew protection international under the watch of the individuals( GD DT PD)” the Aircrew Protection international management company “and the managing director of API Sovereign Trust Guernsey Limited (SH).
The date : 02 April 2015 when the API Sovereign Trust Guernsey Limited became law.
( again members and beneficiaries be aware the aircrew protection international management company and API Sovereign Trust International Guernsey Limited amended said declaration of trust at will and the last copy to date is 07th June 2017 .
The event : the management company who are LIPS ( shareholders and the MOB GD DT PD ) decide that LIPS is their “ business” with in house profits to be made for the members of the board of Aircrew Protection international by offering ancillary life insurance,( using Oman Insurance) legal advice cover etc “ free” . Turns out actually the API board members were earning commissions on the back of these “ free “ sweeteners and at last count over 1 million aed was being siphoned out of the friendly pilots helping pilots beneficiary accounts to Oman Insurance. Were these commissions credited back into the so enthusiastically promoted as” non profit “ pilots helping pilots aircrew protection international fund ? The legal action to be executed under Guernsey Royal Court will no doubt reveal the truth under oath.Of interesting note over the entire period of Oman insurance “ cover “ only two pilots loss of life payments were made .( 2 x 100,000 usd )
At one stage there were six members of the board of the Aircrew Protection International management company each drawing salaries of 6000 aed a month : a figure of extortionate proportion by any standard for a fund this size.
what was or at least appeared on paper to be a pilot contribution fund set up to support exclusively company pilots who lost their class 1 medical ( commercial flying career) had in effect become a business entity no pilot would recognize or identify with .
Last edited by Bogelbogelbogel; 11th August 2019 at 19:13.