PPRuNe Forums - View Single Post - Aero's Gloucestershire - brink of going bust?
Old 9th Sep 2008, 22:16
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Pace
 
Join Date: Jan 2001
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Never but never pay large sums of money up front. I know of one young lad whos grandparents paid around £20,000 up front for flight training and the company then went bust. He lost the lot.

If you have to pay up front then insist the money is held in escrue and bled off as it is used or pay in small block payments.

To pay large sums of money up front is madness and asking for trouble without safeguards built into the deal and safeguards do not mean a smile and assurances from the company you are dealing with but a legal framework to protect your funds.

Pace

Last edited by Pace; 9th Sep 2008 at 22:30.
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