Sadly this is not a rumour.
A friend of mine due to start his course in May was served a letter yesterday from the Depute Principal of GCNS saying that his course had been cancelled and no further courses would be run.
It seems that the college were making a huge loss by running the courses despite the efforts of the Aviation Studies team. All the full time GCNS Aviation guys have been made redundant it seems.
I would suggest that anyone that had booked a course, but not yet received ther letter, gets in touch with them pretty quickly and get your deposit back while you still can!!!