Pilot Training College - Florida Ops closure
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Just found this:
No easy path to a high-flying career as a pilot - Latest Business News - Business News - Business - Birmingham Post
"You’ll need to find €85,000 to enrol and if you haven’t got that sort of cash lying around then you’ll need to take out a loan and most likely use your home (or your parents’ home) as security.
Captain Mark Robertson, who is also part of the flight crew selection team, said it’s a commitment that needs to be considered carefully.
“It’s probably the biggest financial commitment of someone’s life, other than buying a house, so it’s not to be taken lightly and it will take you up to ten years to pay it off.”
"Capt Robertson said once students are there they rarely, if ever, fail to deliver. Over a six-year period there have been just two drop-outs – one was kicked out for drinking on campus and the other got pregnant."
"Capt Robertson said: “We train 400 pilots a year but we are going to have to expand to cope with demand from airlines. As many as 79,000 pilots are going to be required in Europe alone over the next 20 years.
As someone who has clearly enjoyed his own flying career he said: “Where else can you go into your office, put the heater on, fly to 35,000 feet and see sunshine every day.”
Lies, lies, lies. Fake captains, liars, cheats, conmen....where the hell is the regulation in the flight training industry. And shame on the IAA for standing by and letting this happen under their noses.
I sincerely hope some of these conmen see the inside of a prison cell, although i doubt it in a country that hasn't managed to jail a single banker yet.
No easy path to a high-flying career as a pilot - Latest Business News - Business News - Business - Birmingham Post
"You’ll need to find €85,000 to enrol and if you haven’t got that sort of cash lying around then you’ll need to take out a loan and most likely use your home (or your parents’ home) as security.
Captain Mark Robertson, who is also part of the flight crew selection team, said it’s a commitment that needs to be considered carefully.
“It’s probably the biggest financial commitment of someone’s life, other than buying a house, so it’s not to be taken lightly and it will take you up to ten years to pay it off.”
"Capt Robertson said once students are there they rarely, if ever, fail to deliver. Over a six-year period there have been just two drop-outs – one was kicked out for drinking on campus and the other got pregnant."
"Capt Robertson said: “We train 400 pilots a year but we are going to have to expand to cope with demand from airlines. As many as 79,000 pilots are going to be required in Europe alone over the next 20 years.
As someone who has clearly enjoyed his own flying career he said: “Where else can you go into your office, put the heater on, fly to 35,000 feet and see sunshine every day.”
Lies, lies, lies. Fake captains, liars, cheats, conmen....where the hell is the regulation in the flight training industry. And shame on the IAA for standing by and letting this happen under their noses.
I sincerely hope some of these conmen see the inside of a prison cell, although i doubt it in a country that hasn't managed to jail a single banker yet.
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Mark Robertson IS NOT A CAPTAIN. He is lying, he could not pass his IR!! He has a single engine CPL, that was arranged for him to pass.
OMG the Edgeworth trait of lying about status and qualifications is really being passed down eh?
This has to stop!
How about a newspaper article telling THE TRUTH FOR A CHANGE, Where are all the true investigative journalists? Hiding behind their ipads in the coffee bars hacking into people phones probably
And as for the IAA, That can be answered by the cosy lunches and weekends at Faithlegg country club in Waterford with Edgeworth and the 'other' government lackeys.
As for PTC being reborn...do you not think that every airline in the world will be not be fully informed of the business dealings of Edgeworth along with every name associated with him and PTC........
And If I was him and I owed an eastern european business 1.2 million, I would be wearing a bulletproof vest....only a rumour...
OMG the Edgeworth trait of lying about status and qualifications is really being passed down eh?
This has to stop!
How about a newspaper article telling THE TRUTH FOR A CHANGE, Where are all the true investigative journalists? Hiding behind their ipads in the coffee bars hacking into people phones probably
And as for the IAA, That can be answered by the cosy lunches and weekends at Faithlegg country club in Waterford with Edgeworth and the 'other' government lackeys.
As for PTC being reborn...do you not think that every airline in the world will be not be fully informed of the business dealings of Edgeworth along with every name associated with him and PTC........
And If I was him and I owed an eastern european business 1.2 million, I would be wearing a bulletproof vest....only a rumour...
Last edited by pilotbear; 3rd Aug 2012 at 00:01.
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“...are you all going to be first officers all your lives...any true Captains out there?”
Your question reduces all aspects of this sorry tale to its very essence.
Some of the posts here display a thinly veiled admiration for the shyster Edgeworth and his ‘business’ practices.
The concept of trust and essential honesty is now considered to be a weakness to be exploited at every turn.
The meteoric trajectory of Edgeworth to the pinnacle of his ‘Captaincy’ could not have happened without high level political collusion and the tacit approval of the IAA.
I believe it’s standard practice to track the money trail in these types of crimes.
In this particular case it might be enlightening to follow the ink of authorising signatures and stamps and then scout around for the empty brown envelopes.
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Totally agree, everyone wants it now and that makes you vulnerable to get turned over. A lot of sales techniques really on rash decisions. And even the ba scheme at 100k for a job is so much money. If the industry didn't allow these backhand deals then all the low hour jobs wouldn't be sown up. Unfortunately it seems as though pilots are being squeezed while everyone else takes home the cash. But hey this is the legacy of the last labour government eg you will all go to UNI and all get good jobs. So expectations have been set way above what is realistic. Leading to a generation of angry individuals that feel the world owes them something when it doesn't. Inherent greed by the banking sector doesn't help but when you see all the
Media the majority of young people want to be rich and have all those things. Rather than do something they enjoy even if it isn't the most well paid such as a flying job not just the shiny jet that really should be part of longer term ambitions, but a bonus if you can get it early if that's what you want.
Media the majority of young people want to be rich and have all those things. Rather than do something they enjoy even if it isn't the most well paid such as a flying job not just the shiny jet that really should be part of longer term ambitions, but a bonus if you can get it early if that's what you want.
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MIKE EDGEWORTH’S CRASH LANDING-article from Phoenix Magazine
PILOT SCHOOL boss Mike Edgeworth has been feeling the heat following the news that his Waterford-based company, Pilot Training College Ltd (PTC), has left 34 trainee pilots stranded in Florida, some of whom have paid up to €85,000 for the privilege. Now Goldhawk can reveal that the Edgeworth family went on a big spending spree in early 2008, and bought up 13 houses on a new housing estate in Waterford. And at the end of 2010, PTC had accumulates losses of €2.8m.Documents lodged with theLand Registry show
that in February and March of 2008, Edgeworth bought 11 houses on an estate called Poplar Drive, in Butlerstown just outside Waterford city. This is
located near the Waterford Institute of Technology and about a 20-minute drive from Waterford Airport, where Edgeworth’s PTC is based. Poplar Drive consists of detached three and four-bed houses and one house in this estate recently went on the market with an asking price of €255,000. Edgeworth took out mortgages from Anglo Irish Bank to fund these purchases.
Land Registry files also show that Edgeworth’s children – Ruth (23), Laura (29) and George (31) – also each bought a house in Poplar Drive in 2008, although these purchases were funded through banks other than Anglo. The children are all directors on various Mike Edgeworth-companies. Land Registry files also show that back in 2003, Mike Edgeworth and his wife Ann re-mortgaged their Co Kildare family home with a €1⁄2m mortgage from Bank of Scotland.
In recent media interviews Edgeworth
– who in 2010 was the chairman of the judging panel for the Rose of Tralee – gave no indication that PTC was experiencing financial difficulty. In an interview for The Irish Times last March, he spoke instead about how PTC had just won a major new contract with Gulf Aviation Academy to train 150 cadets over two years, worth €12m. However, the latest accounts filed for PTC – made to the end of 2010 – show that the company had accumulated losses of €2.8m, although it recorded a profit of €135,000 in that financial year.
A company called Shemburn Ltd is the group company for various Edgeworth- related vehicles (ie assorted aviation companies in the UK and Ireland). The latest accounts here showed that Shemburn lost €255,000 in 2010 and had a deficit in shareholders’ funds of more than €1m. A note in those accounts – signed off in August 2011 – states that the company nvolved in a legal action in the Netherlands in which it is being sued by a former contractor named Rene Dijkshoorn, who is claiming €133,000 in respect of unpaid charges of two aircraft and €28,000 over unpaid invoices for replacement engines. Shemburn has lodged a counterclaim for €117,000 for breach of contract against Dijkshoorn.
PTC is not the first time Edgeworth has been involved with a company that has ran into difficulty. In the 1990s, he was the director of a telecommunications company called Alternative Telecommunications Services Ltd – which was active in Russia – although this collapsed into liquidation in 2000. One of the notable directors here was the former Fianna Fáil minister David Andrews, who had stepped down from the board in 1997.
that in February and March of 2008, Edgeworth bought 11 houses on an estate called Poplar Drive, in Butlerstown just outside Waterford city. This is
located near the Waterford Institute of Technology and about a 20-minute drive from Waterford Airport, where Edgeworth’s PTC is based. Poplar Drive consists of detached three and four-bed houses and one house in this estate recently went on the market with an asking price of €255,000. Edgeworth took out mortgages from Anglo Irish Bank to fund these purchases.
Land Registry files also show that Edgeworth’s children – Ruth (23), Laura (29) and George (31) – also each bought a house in Poplar Drive in 2008, although these purchases were funded through banks other than Anglo. The children are all directors on various Mike Edgeworth-companies. Land Registry files also show that back in 2003, Mike Edgeworth and his wife Ann re-mortgaged their Co Kildare family home with a €1⁄2m mortgage from Bank of Scotland.
In recent media interviews Edgeworth
– who in 2010 was the chairman of the judging panel for the Rose of Tralee – gave no indication that PTC was experiencing financial difficulty. In an interview for The Irish Times last March, he spoke instead about how PTC had just won a major new contract with Gulf Aviation Academy to train 150 cadets over two years, worth €12m. However, the latest accounts filed for PTC – made to the end of 2010 – show that the company had accumulated losses of €2.8m, although it recorded a profit of €135,000 in that financial year.
A company called Shemburn Ltd is the group company for various Edgeworth- related vehicles (ie assorted aviation companies in the UK and Ireland). The latest accounts here showed that Shemburn lost €255,000 in 2010 and had a deficit in shareholders’ funds of more than €1m. A note in those accounts – signed off in August 2011 – states that the company nvolved in a legal action in the Netherlands in which it is being sued by a former contractor named Rene Dijkshoorn, who is claiming €133,000 in respect of unpaid charges of two aircraft and €28,000 over unpaid invoices for replacement engines. Shemburn has lodged a counterclaim for €117,000 for breach of contract against Dijkshoorn.
PTC is not the first time Edgeworth has been involved with a company that has ran into difficulty. In the 1990s, he was the director of a telecommunications company called Alternative Telecommunications Services Ltd – which was active in Russia – although this collapsed into liquidation in 2000. One of the notable directors here was the former Fianna Fáil minister David Andrews, who had stepped down from the board in 1997.
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So the Fraud squad are after edgeworthless now...about time too. 
Garda Fraud Squad considers probe into pilot training college | Irish Examiner
Lets see if the Garda are as corrupt as the government.
Ireland, your reputation hangs on this......
I hear that statements from former employees are being solicited
Bring it on....
Garda Fraud Squad considers probe into pilot training college | Irish Examiner
Lets see if the Garda are as corrupt as the government.
Ireland, your reputation hangs on this......
I hear that statements from former employees are being solicited
Bring it on....
Last edited by pilotbear; 14th Aug 2012 at 15:31.
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Interesting to note that this thread hasn't been deleted like so many others that tried to broadcast the truth about PTC's criminal behaviour over the last few years, coincidentally just as the money ran out..... It does beg the question as to how many of these students who were caught up in this mess and have lost a fortune might have given PTC a wide berth had they been able to read all of what previous students had posted. I hope the moderator/s in question are sleeping soundly at night
. It does beg the question as to how many of these students who were caught up in this mess and have lost a fortune might have given PTC a wide berth had they been able to read all of what previous students had posted. I hope the moderator/s in question are sleeping soundly at night
Last edited by oneinthemirror; 14th Aug 2012 at 17:16.
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Article regarding Edgeworth
http://www.phoenix-magazine.com/phoe...64BA8DD65A819A
one in the mirror, I wholeheartly agree with your statement. The students and their families are the ones who lost out! Shame on people who cover up for companies and disregard the best interests of the students.
one in the mirror, I wholeheartly agree with your statement. The students and their families are the ones who lost out! Shame on people who cover up for companies and disregard the best interests of the students.
Last edited by ollie1997; 14th Aug 2012 at 17:39.
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I believe Flybe use FTC in Jerez and Oxford for the MPL licences. There was no contract for PTC/Flybe in 2012 as far as I saw. They saw through the PTC bull a while back. The Flybe guys were on the whole very good, but they were there in the good days of PTC Florida before Edgeworthless was let back into society..
Nice article from Ollie 1997. It just confirms government connections and that the whole family are in it (along with the new addition the ex CFI of FIT who used his position last year to pass confidential information to PTC's advantage). Allegedly of course
Nice article from Ollie 1997. It just confirms government connections and that the whole family are in it (along with the new addition the ex CFI of FIT who used his position last year to pass confidential information to PTC's advantage). Allegedly of course
Last edited by pilotbear; 16th Aug 2012 at 07:31. Reason: spelling
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Another total guess from the guy above. There was a deal with PTC Flybe this year, I had an interview in April with Flybe, 4 guys were taken in the end and no doubt got caught up in all this nonsense but are probably training at Oxford instead now.
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Indeed, FlyBe have selected 4 part-sponsored candidates in April.
All good blokes - hope they found alternative options for continuation of training.
Quite frankly I am disgusted at the lies PTC continued to tell right up until the point the examiner was appointed (and more than likely continue to tell). They had no intention of putting the students' interests first and I hope they never work in flying again. Unfortunately I fear this will not be the case.
What is wrong with the world!
All good blokes - hope they found alternative options for continuation of training.
Quite frankly I am disgusted at the lies PTC continued to tell right up until the point the examiner was appointed (and more than likely continue to tell). They had no intention of putting the students' interests first and I hope they never work in flying again. Unfortunately I fear this will not be the case.
What is wrong with the world!
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Just wondering does anyone know if egdeworthless was still judging the 'lovely gerruls' contest earlier this week? RTE must be disgusted now that all that sponsorship money (to clarify: student's money) has dried up, but at least they were nice about the whole ordeal and made sure none of their reporters probed too deeply last month. Amazing how many people I've talked to outside of the aviation community who think the entire problem was caused by FIT in Florida... good old incorruptible media always giving both sides 
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wrong assumption Preston Pilot, I guess nothing. Flybe had no intention to use PTC whatsoever.
They use CTC, Oxford, FTC and Stella (Netherlands).
They also use Aero's, PAT and BCFT for the modular courses
I suppose to the un-informed PTC, FTC, CTC all sound the same eh?
They use CTC, Oxford, FTC and Stella (Netherlands).
They also use Aero's, PAT and BCFT for the modular courses
I suppose to the un-informed PTC, FTC, CTC all sound the same eh?
Last edited by pilotbear; 27th Aug 2012 at 16:39.