The IAA has suspended flight training operations for PTC and that includes their Irish operation:
At a meeting today (Wednesday 4th July 2012) with PTCW, and their financial / legal advisers the IAA, (in accordance with JAR, Joint Aviation Requirements Flight Crew Licensing) sought evidence and assurances that sufficient funding is available to continue operations in Waterford, given that the Florida operations have ceased.
Irish Aviation Authority - Statement from the Irish Aviation Authority in relation to Pilot Training College Florida.
And all their aircraft are for sale
Piper Aircraft for Sale in Ireland - Used Irish Aircraft Sales at GlobalPlaneSearch.com
Not much need to read between the lines there.