Not one bit surprised by this saga, but I do feel sorry for the trainees and their families as it looks like some will loose out, albeit as stated many times before, paying upfront is a no no.
I agree with the fact that if you're going to spend this amount of money in one transaction, you must must do your homework to whom provides the service, and even at that, there's always a risk involved.
I'd like to see PTC's breakdown as to how they can justify e85,000k on a fATPL with the majority of training in the US; a rough guess would be about e25-30,000k for the ATPL stage (if undertaken at FIT), including hour building, and the CPL course/skills test. The multi engine instrument rating might eat about e15,000k in Waterford, add in delays, more training, the unexpected, and you might, or should, have a grand total of about e50-55,000k; now here's a simple test, what's 85 minus 55, they should throw that onto the end of their compass test for interests sake!
Seems like Celtic Tiger boom Irish prices are used here, including many other companies that jumped on the band wagon, it's time to wake up folks...
I do believe, what goes around comes around, and let this be a clear and unambiguous lesson for anyone considering training with PTC in the future, do your homework and check companies like this one out before departing with hard earned, or even worse, borrowed cash.
Remember, as I read before on here, some FTO's will sell you the dream through their angelic marketing dept, be cautious with this plug.
I do hope that the trainees get some resolve and that there is minimal financial loss to them and their families.