Here is a piece extracted from the website of local Waterford radio station WLR FM.
The High Court has appointed an Examiner to the Waterford based Pilot Training College
It follows its well publicised dispute with the Florida Institute of Technology which PTC says has left it with a major financial deficit. An Independent Accountant told the court that PTC has a reasonable prospect of survival if its restructured.A number of parties have also indicated an interest in investing in a restructured enterprise and the Interim Examiner , Michael McAteer of Grant Thornton, will now engage with those parties and the Irish Aviation Authority in a bid to restore the company's licence.