Originally Posted by
keith williams
Although lots of companies will express their sympathy and offer to "take on" the victims of the CABAIR disaster, it is probably the case that most of these offers are driven by the self-interest of the companies rather than anything more altruistic.
All of the FTO’s are likely to be struggling to find business at the moment and some will be struggling to remain afloat. CABAIR will not be the last one to fail. Students looking for a new FTO should take great care not to get bitten again.
It is also worth remembering that EPTA was owned and managed by WAC when it went down.
Don't think the latter point is correct. EPTA was owned by World Aviation Holdings Ltd, a holding company set up from Cabair International Aviation Ltd. WAC was also owned by World Aviation Holdings Ltd. EPTA wasn't therefore owned by WAC.
When Cabair went into Administration, EPTA went into liquidation and WAC went into administration. Worldwide Aviation Ltd, another company within the WAHL holding also went into administration and was sold through a pre-pack deal to DS Aviation. WAC was sold as a pre-pack deal Booker Aircraft Operations Ltd. Booker Aircraft Operations Ltd is owned by Booker UK Investments Ltd.