PPRuNe Forums - View Single Post - Is There A Recession In The Flight Training Industry?
Old 3rd November 2008 | 15:43
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skydiver69
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There may not be a shortage of students yet but there probably will be soon due to the credit crunch. HSBC apparently have stopped the big career development loans and raising finance via a remortgage has become a lot more expensive and with dropping house prices this option looks a lot less practical. The sum total of this will be that fewer students will be able to raise the money for integrated courses which in turn will affect the FTO's.
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