After I spoke with an exisiting instructor I believe it may be wise for a few facts to be pondered: (This info is secondhand, so if untrue I stand corrected)
End-of-year accounts for 31/12/2010 not (yet) filed with Companies House.
Fixed assets 2008: £ 900k
Fixed assets 2009: £ 500k
Cabair College of Air Training Instructors not paid for September!!!!!
Cranfield Airport Limited closed credit line for fuel!!!! (i.e. long overdue)
A few more outstanding debts too.
Would you 'restructure' by closing a facility for 2 weeks, suspend pay and send students home?
Said instructor is actively seeking another job!!!!
I wish staff and students all the best. An ex-CCAT bod.
