PPRuNe Forums - View Single Post - Cabair - To pay or Not to pay
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Old 8th May 2004 | 12:20
  #17 (permalink)  
Eliza
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I can only echo the warnings above about companies going under just after you've paid them a handsome sum! It happened to me a while ago (nothing aviation related) and I learned the hard way that unsecured creditors are at the bottom of the list!

However, saying that I have been going through my PPL by putting down sums of £1k at a time as it allows for a certain discount of the price of lessons. Before I did this I checked the company accounts were in order just to give me piece of mind!

Try www.companieshouse.com - you can find general info about the company and can order certain documents. I would recommend getting the latest full accounts and returns filed for Cabair before putting any money down. Cabair have a number of companies within their group, check them all if you can (it will cost £4 per company but nothing compared to what you could lose) - they are probably all guaranteeing the other. Just remember though, that this method is not fail safe - companies can go under in a very short space of time, but at least if the accounts look fine, it is a lot less likely!

Good luck!