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L3 Harris sale of Aviation sector impact on cadets

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Old 5th Dec 2023, 11:14
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I'm a current student at Leading-edge if you want to DM me with any questions.

As of Delays, yes there is - but the general consensus is that there's delays industry wide.

For me, Skyborne, FTE Jerez or Leading edge are your best options - try and speak to current students.
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Old 5th Dec 2023, 14:37
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Originally Posted by Golfss
I was with CTC shortly after it was bought by L3, and like any other takeover, they walk in and strip costs until it barely survives as a functioning business. Shut down of 2 of the major training bases with nothing ready to replace prior, lack of aircraft etc. Took about an additional 18 months to go through training despite my spotless training record, no sickness or anything from my end!

AVOID! Especially with the upcoming take over...

Not going to get into an integrated/modular debate; but Skybourne and FTE Jerez are your best bet, IMO. Leading Edge cadets are experiencing huge delays with a lack of aircraft and instructors, they have nowhere near the capacity as what they have taken on. Don't get drawn in by the fantastic marketing teams!

Best of luck to you and your son

Could not have said any of this better myself (another cadet with a 3 year timeline here - AVOID)
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Old 7th Dec 2023, 05:38
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All it takes to start modular is a phone call to a local flight school or club to get a lesson booked. Why wait for a big integrated school when you can probably get your first hour logged this week. By the time integrated guys are learning how to steer with their feet, you can be PPL IR(R) flying IFR across the country or having a weekend break in Bruges.
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Old 7th Dec 2023, 05:59
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Originally Posted by Willster
I'm a current student at Leading-edge if you want to DM me with any questions.

As of Delays, yes there is - but the general consensus is that there's delays industry wide.

For me, Skyborne, FTE Jerez or Leading edge are your best options - try and speak to current students.
The delays are only there because the sausage factories get greedy and pile in more students than they can cope with.

And why wouldn’t they, what are you going to do about it? Leave?

The ‘best option’ is to save the £30K, go Modular, and be finished quicker.
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Old 11th Dec 2023, 19:16
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You could always ‘invest’ your money with Leading Edge at Oxford who are so insolvent it makes Rishi Sunaks government look rich! Their accounts are due out soon it seems……rumours are a further couple of million lost. They will be the next to fail.
L3 at least protect the students money, Leading Edge spend it the same way Tayside and FTA did. Don’t say I didn’t warn anyone.
L3 is the absolute safest bet anywhere at the moment.
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Old 11th Dec 2023, 21:18
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Originally Posted by nav3
You could always ‘invest’ your money with Leading Edge at Oxford who are so insolvent it makes Rishi Sunaks government look rich! Their accounts are due out soon it seems……rumours are a further couple of million lost. They will be the next to fail.
L3 at least protect the students money, Leading Edge spend it the same way Tayside and FTA did. Don’t say I didn’t warn anyone.
L3 is the absolute safest bet anywhere at the moment.
Or just pay as you go Modular, save £30K and also don’t risk your money…

You don’t have to go to a sausage factory instagram school and wear a pilot outfit with ridiculous epaulettes in order to fly an airliner…
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Old 11th Dec 2023, 23:12
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Aren’t BA paying for cadets training at the moment? Surely that is the first place to start….
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Old 12th Dec 2023, 11:16
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Originally Posted by nav3
You could always ‘invest’ your money with Leading Edge at Oxford who are so insolvent it makes Rishi Sunaks government look rich! Their accounts are due out soon it seems……rumours are a further couple of million lost. They will be the next to fail.
L3 at least protect the students money, Leading Edge spend it the same way Tayside and FTA did. Don’t say I didn’t warn anyone.
L3 is the absolute safest bet anywhere at the moment.
What's the source of info re Leading Edge?
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Old 12th Dec 2023, 11:43
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Originally Posted by Planner01
I was in pilot recruitment for years before becoming one myself. With a stack of CVs all with CPL ME/IR and 200 hours, the ones that stood out were modular guys who built hours getting other ratings and flying exciting aircraft. I remember one guy in particular really stood out because he got an IMC (now IR(R)) rating during hour building and was on just over 200 hours with something like 70 hours single pilot IFR and he was light years ahead of others.
That’s good to hear because that’s exactly my plan!
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Old 14th Dec 2023, 19:12
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What's the source of info re Leading Edge? ...asks BoeingLudo737.....common sense would be my answer.

SJ
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Old 19th Dec 2023, 16:34
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Originally Posted by spitfirejock
What's the source of info re Leading Edge? ...asks BoeingLudo737.....common sense would be my answer.

SJ
It was a simple question. No need to be a d... about it
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Old 31st Dec 2023, 13:43
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Leading Edge’s Accounts have just been filed at Companies House……They just posted another annual loss of £3m.
Their ‘Deferred Income’ (the students money they have already spent and would be unable to repay) now stands at £8.5m.
Their TOTAL insolvent position is now £9.6m and that was 9 months ago when these accounts were done on the 31/3/23. That’s a loss of £3m a year or £250,000 a month or £12,500 per working day if you want it in English.
Despite them losing that huge amount and their Marketing Machine saying how well they are doing and linking up with ‘this and that airline’, they are losing money hand over fist!

Last edited by nav3; 31st Dec 2023 at 14:04. Reason: Clarification
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Old 1st Jan 2024, 07:35
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I heard from an upper management member of Airways Aviation that they (Leading Edge) have approached them last summer and asked them to take over their Spanish operation. No idea how true this is but seeing your analysis makes me think it maybe a valid concern
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Old 2nd Jan 2024, 09:53
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I think that Leading Edge were looking for someone to provide fair weather training last year - or possibly the year before - but no-one would take it on. Fear of non-payment apparently.
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Old 2nd Jan 2024, 10:07
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Isn't it illegal to trade under those circumstances?
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Old 2nd Jan 2024, 14:56
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Well, define illegal. If the directors believe the company can continue trading despite its rather poor balance sheet position they can continue. It is only if they get to a position that they either knew or should have known that there was no reasonable prospect of the company avoiding insolvency and they carry on regardless that 'wrongful trading' arises.
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Old 3rd Jan 2024, 09:26
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Well, backers with deep pockets are few and far between, and there can't be that many incoming students to cover that lot.....
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Old 3rd Jan 2024, 17:34
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Originally Posted by Alex Whittingham
Well, define illegal. If the directors believe the company can continue trading despite its rather poor balance sheet position they can continue. It is only if they get to a position that they either knew or should have known that there was no reasonable prospect of the company avoiding insolvency and they carry on regardless that 'wrongful trading' arises.
'Define illegal'- trading while insolvent! They appear to be insolvent, with little prospect of trading their way out.

Last edited by mavisbacon; 5th Jan 2024 at 16:49. Reason: Kindness
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Old 5th Jan 2024, 23:10
  #39 (permalink)  
 
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BoeingLudo737 got snippy with my last post, so let me say again....common sense means, exactly that, use the FACTS to make up your mind..Nav3 nailed it...well done!

Just like FTA, it is disgraceful what LE are doing and being allowed to do, anyone giving them more than more than 1K at a time needs their head examining.

SJ
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Old 6th Jan 2024, 19:28
  #40 (permalink)  
 
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The uk flight training industry is at severe risk of collapse. I wouldn’t pay for anything in advance unless you’re prepared to lose it. Modular training is the only viable option outside of the funded schemes offered by BA, currently.
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