Aerospace Aviation
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Quote: Cynical Pilot
Seemingly only in the aviation aspects. When was the last time an aviation company was investigated by ASIC et al?
Seemingly only in the aviation aspects. When was the last time an aviation company was investigated by ASIC et al?
In all but a few insolvencies, there are no such breaches. Poor management in itself, no matter how ridiculous isn't considered a breach of law, and so AISC has no role to play in 90% of company wind-ups.
Occassionally, we do hear of ASIC sticking their noses into aviation companies that aren't even under administration, because of recommendations from auditors or the ATO. Good examples of ASIC placing aviation companies under involuntary admin in this way over the last few years include Jetcraft Aviation and Flightline Aviation.
The only reason Jetcraft ever got dropped in it was because of financial problems caused by the unexpected grounding of two of its aircraft and a long running dispute with a major customer.
So ask yourself, when you've already got genuine business trouble like that, do you need ASIC breathing down the back of your neck while they lube up?
ASIC pay the same attention to GA that everyone else gets. Don't wish for an increase in their attention!
PS - Who's your et al?
Last edited by Rojer Wilco; 18th Dec 2009 at 05:30.
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Catalogue of AA's aircraft to be auctioned in now online at Hymans
Join Date: Aug 2009
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Aerospace students meet and organize how to get their pending CPL.
Any Indian students out there please let us get together and get all our money back and finish off our CPL training else where. Yes I m talking about REFUNDS FROM AEROSPACE and this is not a joke. what happened last year was not the first time. similar issues were faced by students from a long time i guess since early 2000.
And I m also a victim of the same. But with dedication I got my work done. I have a lot of respect for the present batches who are facing trouble, but i salute those who were brave enough to take them to task. But guys and gals we cant give up here we came here for a purpose and that is EARNING OUR WINGS - CPL AND CIR.
So what are u all waiting for lets do some thing about it. I guess the first thing is to get together and discuss issues of refunding and how we all can finish our training else where.
VTAB is not the point here we can get permission from the govt. to finish our training and extend our visas. I wonder who thinks that the visas are getting cancelled???? Yes if u all are not doing waht u came for then surely this will happen.
I have faced it , u are facing it, i got out of it, now i want to help all to get out of it. HAPPY LANDINGS and CHEERS MATE.
And I m also a victim of the same. But with dedication I got my work done. I have a lot of respect for the present batches who are facing trouble, but i salute those who were brave enough to take them to task. But guys and gals we cant give up here we came here for a purpose and that is EARNING OUR WINGS - CPL AND CIR.
So what are u all waiting for lets do some thing about it. I guess the first thing is to get together and discuss issues of refunding and how we all can finish our training else where.
VTAB is not the point here we can get permission from the govt. to finish our training and extend our visas. I wonder who thinks that the visas are getting cancelled???? Yes if u all are not doing waht u came for then surely this will happen.
I have faced it , u are facing it, i got out of it, now i want to help all to get out of it. HAPPY LANDINGS and CHEERS MATE.
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Sigh...the usual emotional Indian clarion call to right a wrong or avenge an injustice along Bollywood lines doesn't really apply here Raptor my lad.
The reason that Aerospace is in administration is that the business in its present form is not sustainable. It went into voluntary administration!
That would infer that in fact...the money belonging to these students is long gone.
Rather than raise a rabble, contact the administrating firm itself through calling Aerospace direct.
Sad I know.........DON'T PAY UPFRONT!!!!!!
The reason that Aerospace is in administration is that the business in its present form is not sustainable. It went into voluntary administration!
That would infer that in fact...the money belonging to these students is long gone.
Rather than raise a rabble, contact the administrating firm itself through calling Aerospace direct.
Sad I know.........DON'T PAY UPFRONT!!!!!!
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R. Raptor:
Go for it Son.
Grab all your colleagues together (ex-SFTC as well) and make as much noise as you can.
However, as unsecured creditors, don't hold onto any unrealistic chances of getting a full refund.
Just as important:
Pass the word to wanna-be Pilots back home.
Why is there a repeat cycle of Indian Students getting ripped off??.
- CHEAPEST is not often the best or safest option.
- Avoid paying all fees upfront.
- Did I mention beware of Cheap courses.....
Good Luck.
Go for it Son.
Grab all your colleagues together (ex-SFTC as well) and make as much noise as you can.
However, as unsecured creditors, don't hold onto any unrealistic chances of getting a full refund.
Just as important:
Pass the word to wanna-be Pilots back home.
Why is there a repeat cycle of Indian Students getting ripped off??.
- CHEAPEST is not often the best or safest option.
- Avoid paying all fees upfront.
- Did I mention beware of Cheap courses.....
Good Luck.
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Land ur Dreams, dont just fly them....
Thanks a lot for the three replies I got.
Well ........u have to land somewhere when u tkof ........so where that place/situation is is in ur hands. keep up for green pastures in the future............but dont forget ..........we cant LAND on them SAFELY.
and bravo to all those who made it
HAPPY LANDINGS.
Well ........u have to land somewhere when u tkof ........so where that place/situation is is in ur hands. keep up for green pastures in the future............but dont forget ..........we cant LAND on them SAFELY.
and bravo to all those who made itHAPPY LANDINGS.
