A rumour, by definition, is quite possibly not "information".

Double edged !
 

I have mixed feelings about starting a post like this and may be damaging the reputation of a company, but I am also mindfull of a number of companys that have taken large sums of money from people just hours before they stopped trading.

But I have to return to the question that I asked at the start, can any one shed any light on this rumour?

As far as I know they have no finnancial problems. They have no instructors as most left to the airlines so they have no need for a large fleet of aircraft.

Rumours can and do have some basis on truth, but not ever getting hold of all of the information is what leads to asking questions.

Not to spread blame or cause damage but to find out the truth. And that is what we are after.

I was burnt by a company based near LHR who dealt with ground training for the ATPL exams and the owners were very bad in dealing with the business and so nearly three months later after taking peoples money went bankrupt.

If i had some information on anything like that I wouldnt have put so much money in, not huge amounts but a tad under £900 was lost. Could have paid for a few retakes.

If we find out the truth then we can save a few others on getting stung.

Happy hunting/flying

259:cool:

Interesting business model. In my world it's the number of customers who drive the facility requirement, not the number of employees.

HOWEVER, this thread was started with an unsubstantiated statement. If it isn't accurate (which it may well not be, regardless of good intentions by individual posters) it could be immensely damaging. Think on, everyone who has no personal knowledge, please. :=