Went into liquidation on 22nd Dec.
The A/c are sitting in hangars on the field and it's waiting for a person to come and buy them.
The students are being cared for by NMIT and have the option of going to another NMIT school to complete their training, but word on the street is that there is possibly a buyer who will start within the week if the students commit to staying.
divinesoul, Yes PH sold it in 2010 to someone (Who you can check on the companies office website) and it was him that put it into Liquidation.