Originally Posted by
Will66
Hi there!
Looking to start an integrated flight school, with an overall cost of around £95,000
I am hugely worried due to the volatile industry, if the flight school was to cease trading as seen in some schools around the UK recently.
The school take payments in around £20,000 instalments throughout the course which is below the £30,000 limit for section 75.
My question is, would each instalment be protected under section 75 in case the collapse of the company?
And would it be even possible to get a credit card, put on 20,000 and pay. Or does it not work like a debit card? Never had one!
Thanks
I’ve copied and pasted my response from the other thread you made on the same topic should anyone else stumble across this in the future… In short if you get over this desire to go to a ‘premier’ instagrammable flight school where you get given gold bars and get to dress like an Emirates captain from day 1, then you won’t have an issue. Modular, you’re not paying them the whole lot upfront, the risk is massively reduced.
You’re paying an extra 30K for the privilege of potentially taking longer to train, and having no control of your finish point. That 30K goes into glossy brochures and the RS6 that the executive director parks out front when they come to visit…
Imagine £30K of cash, piled up on a table. Actual solid bank notes. Then douse the pile in petrol and throw a match at it. That’s what you’re doing by going integrated. In fact worse than that, at least you’d reduce your heating bill doing that.
’The scenario you’ve hypothesised is another fantastic reason not to go with an integrated sausage factory school. Go Modular, you’ll save £20/30K before we even discuss the risk element.
Modular you’ll pay as you go. May need to block buy 10/15 hours at a time, worst case if they fold the second you’ve paid you’re down £3/4k at best. Annoying but it won’t materially change your life.
And you won’t be treated like a 5 year old.
It’s an endless list of reasons, question answered? 
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