Originally Posted by
Alex Whittingham
Thank you! Assuming a 6 month groundschool phase and no delays that means that, as you finish groundschool and you make payment #4, they have £77000 of your money when you start flying. The groundschool will have cost £5k-ish or less so that's a credit balance of more than £70k. I'd like to think that Skyborne could do better. Support *pay-as-you-fly!*
They do have a modular offer which supports more of a pay-as-you fly method.
Of course, both modular and integrated have their own pro’s and con’s. It’s ultimately down to the individuals circumstances as to which works best.
The only way I could see a regulator being effective is if the students money was held in some kind of trust which could only be accessed at certain parts, therefore keeping the remaining funds safe at all time.
Without that financial protection, I can’t see a regulator being very effective.
I’m honestly surprised there isn’t an insurance for it, I thought it would be a huge money spinner for insurance companies.