SFT Bournemouth
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Not negative NotCavok, Just realistic.
As for the figures I saw advertised. £ 3 million turnover it may well have been, but profit is the only figure / percentage I would be interested in. As for the 'forward order book' of £ 1.8 million, that had me in stitches. As anyone with a hint of knowledge in this field would know, that now Zero. Plus a stigma to boot.
We would all love to see someone pull a pheonix from these ashes and train future pilots well. I just think pilot demand is decreasing so training needs will do the same.
Good luck to anyone who is brave / foolish enough to give it a go.. <img src="smile.gif" border="0">
As for the figures I saw advertised. £ 3 million turnover it may well have been, but profit is the only figure / percentage I would be interested in. As for the 'forward order book' of £ 1.8 million, that had me in stitches. As anyone with a hint of knowledge in this field would know, that now Zero. Plus a stigma to boot.
We would all love to see someone pull a pheonix from these ashes and train future pilots well. I just think pilot demand is decreasing so training needs will do the same.
Good luck to anyone who is brave / foolish enough to give it a go.. <img src="smile.gif" border="0">
Sensible,
You're missing SCs point which was that that SFT had gone into receivership (or administration or whatever) and were not bankrupt. I disagree with much of what he has said but I still don't think he was implying that any students would get their money back. But, as I said, arguing over the definitions only rubs further salt in the wounds.
You're missing SCs point which was that that SFT had gone into receivership (or administration or whatever) and were not bankrupt. I disagree with much of what he has said but I still don't think he was implying that any students would get their money back. But, as I said, arguing over the definitions only rubs further salt in the wounds.
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for focks sake you lot!!!!.....
Ok you all seem to think that you are getting the real picture from the adminstators..... BOLLOCKS!
the adminstators are at no liberty to tell you ANYTHING! LET ALONE THE TRUTH. as I can work out 3 people from BFC(not staff) have spoken to the administators and so far they dont seem to stick to anything they have said other than its being sold to a local company.
NOT CAVOK... you are correct on some points(a,b,c). however you are wrong in what m***s is planning to do with it. Also BFC haven't employeed any of SFT's where on earth did you get that from?. I work with the instrutors every flipping day I know who works there.
the ex-ppsc instrutors thing will never go ahead they know that!! the management company of BIA only want 4 FTO's on Bournemouths airfield as they feel that this will prevent further "liquidations, or bankruptcies(whatever)" being caused, however they may set up somewhere not near the airfield. please note I have only just gained this information.
rolling circle ....... SFT is being SOLD not leased and as a WHOLE.. its not being broken up. although some of the smaller items i.e sims are being sold off to another company.
[ 12 January 2002: Message edited by: Cheshire cat EGHH ]</p>
Ok you all seem to think that you are getting the real picture from the adminstators..... BOLLOCKS!
the adminstators are at no liberty to tell you ANYTHING! LET ALONE THE TRUTH. as I can work out 3 people from BFC(not staff) have spoken to the administators and so far they dont seem to stick to anything they have said other than its being sold to a local company.
NOT CAVOK... you are correct on some points(a,b,c). however you are wrong in what m***s is planning to do with it. Also BFC haven't employeed any of SFT's where on earth did you get that from?. I work with the instrutors every flipping day I know who works there.
the ex-ppsc instrutors thing will never go ahead they know that!! the management company of BIA only want 4 FTO's on Bournemouths airfield as they feel that this will prevent further "liquidations, or bankruptcies(whatever)" being caused, however they may set up somewhere not near the airfield. please note I have only just gained this information.
rolling circle ....... SFT is being SOLD not leased and as a WHOLE.. its not being broken up. although some of the smaller items i.e sims are being sold off to another company.
[ 12 January 2002: Message edited by: Cheshire cat EGHH ]</p>
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LIGHTNING,
Maybe its me but I was only confirming the position of SFTs possible replacement.As regards the financial side I am in total agreement with you.
CHESHIRE.
Are you 100% there are no instructors from sft working on a part time basis at BFC. I know their are but no names mentioned just ask L**** or M****
who run BFC. so enuff about gonads.
My understanding is M**** has bought or leased the hangar and the offices previously occuppied by sft and will sub let them to E*A. Further to your comments regarding the sim you should be aware that due to JAR the sim is now amore integral part of the IR and as a result is a necessity to any serious FTO as well as being quite a profitable machine ie :low on costs high in revenue.
Anyway the fridge door beckons for more amber nectar.
Cheers
<img src="smile.gif" border="0"> <img src="smile.gif" border="0">
Maybe its me but I was only confirming the position of SFTs possible replacement.As regards the financial side I am in total agreement with you.
CHESHIRE.
Are you 100% there are no instructors from sft working on a part time basis at BFC. I know their are but no names mentioned just ask L**** or M****
who run BFC. so enuff about gonads.
My understanding is M**** has bought or leased the hangar and the offices previously occuppied by sft and will sub let them to E*A. Further to your comments regarding the sim you should be aware that due to JAR the sim is now amore integral part of the IR and as a result is a necessity to any serious FTO as well as being quite a profitable machine ie :low on costs high in revenue.
Anyway the fridge door beckons for more amber nectar.
Cheers
<img src="smile.gif" border="0"> <img src="smile.gif" border="0">
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Notcavok... there is one sft instructor working at BFC on part time, although I have never seen him, so he is VERY part time... but anyway on that front you are correct... although he is not doing IR training..
I am also very close to a staff member of BFC I have asked him about this, and M***s certainly hasn't bought SFT's offices, and by the sound of it he wont.
I think I may have confused people with the comments.. Sft is being broken up.. I dont mean it literally, I just meant that most of their items are being sold off individuly.
I would love to who you are NOTCAVOK.. any clues?
I am also very close to a staff member of BFC I have asked him about this, and M***s certainly hasn't bought SFT's offices, and by the sound of it he wont.
I think I may have confused people with the comments.. Sft is being broken up.. I dont mean it literally, I just meant that most of their items are being sold off individuly.
I would love to who you are NOTCAVOK.. any clues?
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I also did not think M***** would have any interest in the SFT hangar. He doesn't need any extra space and for the few years I have known him he never seems a fool. I trust him with my single and not those cowboys at AAA.
Yes NotCavok it would be very interesting to see what E** would make of the old SFT setup. I suspect rather more that other parties I have heard mentioned ie C**Air and even another FTO who I have been watching very carefully after digging up not so pleasant financial info on them,P***T A***** C******. But like most of their plans, just pie in the sky
<img src="rolleyes.gif" border="0"> <img src="rolleyes.gif" border="0"> <img src="rolleyes.gif" border="0">
Yes NotCavok it would be very interesting to see what E** would make of the old SFT setup. I suspect rather more that other parties I have heard mentioned ie C**Air and even another FTO who I have been watching very carefully after digging up not so pleasant financial info on them,P***T A***** C******. But like most of their plans, just pie in the sky
<img src="rolleyes.gif" border="0"> <img src="rolleyes.gif" border="0"> <img src="rolleyes.gif" border="0">
Jet Blast Rat
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Florida Air, in case you have had your head stuck in the sand, or somewhere else, for 4 months, some news for you. On September 11th some people destroyed the twin towers of the World Trade Centre with hijacked airliners. That is since I wrote those words. It drastically changed the flying training environment. The next course due to start at SFT dropped from 17 (about twice our break even figure on the groundschool, the less profitable side, so very healthy) to 3. You are quoting what I said in August, statements which were true at the time to the best of my knowledge. Did you really think that what was true in August was relevant on 12th September?
I have no idea what is happening with Florida Air, as I never had anything to do with them.
Sensible
You may know something about company law that Oxford University Press's experts don't. If so tell us.
Where do you get your information that students will not recover any money? Though I never said they would, the administrators opinion is that a little will be recovered. That is why the distinction between administration and liquidation is important, as more is likely to be recovered, and it is more likely that students will get a fraction of their money back.
Ham Phisted
I thought the distinction irrelevant (except to us who were affected) until this thread was started. If the recovered company is to be a success there has to be a fair view of it as a business. The more ill-informed speculation here is not a fair view
I doubt I will inflame the majority of those who lost money. I know many of them well, as friends and as students. Most have been very supportive, and do not have the negative opinion of SFT you might expect. I can't see one critic here who claimed to have been a student of SFT, or even claims any association or source of information. My source of information is (indirectly) the administrator. I am not "behind", as none of the attacks on my posts are even factually correct, so none are valid.
All
Do none of you have the patience to wait until the sale is announced, or not as the case may be? The timetable was for signing the contract last week, so if the sale went as planned the announcement should be tomorrow, not far away. Then instead of wild speculation and uninformed guesswork, someone could post the facts. That'd be a change, wouldn't it?
I have no idea what is happening with Florida Air, as I never had anything to do with them.
Sensible
You may know something about company law that Oxford University Press's experts don't. If so tell us.
Where do you get your information that students will not recover any money? Though I never said they would, the administrators opinion is that a little will be recovered. That is why the distinction between administration and liquidation is important, as more is likely to be recovered, and it is more likely that students will get a fraction of their money back.
Ham Phisted
I thought the distinction irrelevant (except to us who were affected) until this thread was started. If the recovered company is to be a success there has to be a fair view of it as a business. The more ill-informed speculation here is not a fair view
I doubt I will inflame the majority of those who lost money. I know many of them well, as friends and as students. Most have been very supportive, and do not have the negative opinion of SFT you might expect. I can't see one critic here who claimed to have been a student of SFT, or even claims any association or source of information. My source of information is (indirectly) the administrator. I am not "behind", as none of the attacks on my posts are even factually correct, so none are valid.
All
Do none of you have the patience to wait until the sale is announced, or not as the case may be? The timetable was for signing the contract last week, so if the sale went as planned the announcement should be tomorrow, not far away. Then instead of wild speculation and uninformed guesswork, someone could post the facts. That'd be a change, wouldn't it?
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Send Clowns,
BOLLOCKS!!!!
To start with I had friends Tower 1 so take your attitude and stick it where the Sun does not shine!
One incident does not bring down a company, in this case the 11th of Sept. There were warning signs back in August that SFT was in real trouble. The 11th of Sept. was the final nail in SFT's coffin. My problem with you is that you assured people that there was nothing wrong with SFT and a lot of people lost their HARD EARNED DOSH on your reassurances.
I also brought up Ambassador Airways and Florida Air to prove the point - you do not know what you are talking about.
If you know something then post it. If you are guessing or speculating, gossip about it at your local and not here where people spend real money on the words you type and assurances you gave as a self appointed representative of SFT.
Sincerely,
Florida Air
BOLLOCKS!!!!
To start with I had friends Tower 1 so take your attitude and stick it where the Sun does not shine!
One incident does not bring down a company, in this case the 11th of Sept. There were warning signs back in August that SFT was in real trouble. The 11th of Sept. was the final nail in SFT's coffin. My problem with you is that you assured people that there was nothing wrong with SFT and a lot of people lost their HARD EARNED DOSH on your reassurances.
I also brought up Ambassador Airways and Florida Air to prove the point - you do not know what you are talking about.
If you know something then post it. If you are guessing or speculating, gossip about it at your local and not here where people spend real money on the words you type and assurances you gave as a self appointed representative of SFT.
Sincerely,
Florida Air
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Send Clowns
No offense, stick to what you do best instructing, as some people have pointed out to you, alot of people lost hard earned money and there dreams down the toilet etc
Your defending a company that was taking students money right up till the last day, knowing that tomorrow they be closed down.
And also i dont think its your place to comment on sft's business, your not there PR Department thats for people in management and all the way to the owner etc
And may i add not one of them bothered to come to pprune other than a few instructors like youself
No offense, stick to what you do best instructing, as some people have pointed out to you, alot of people lost hard earned money and there dreams down the toilet etc
Your defending a company that was taking students money right up till the last day, knowing that tomorrow they be closed down.
And also i dont think its your place to comment on sft's business, your not there PR Department thats for people in management and all the way to the owner etc
And may i add not one of them bothered to come to pprune other than a few instructors like youself
The Bumblebee
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Anyone who is interested, a Piper Aztech was just ferried to Orlando FL. Registration GYSFT!! The rumours are that there are four more being ferried here. The plane is parked at Kissimmee airport and bought by CABAIR.
Flies for fun
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Coals to Newcastle huh! Oh well if they are giving them away almost free then I suppose it makes sense!!!!!!!!! After all, I guess they are already paid for by the creditors of SFT!!!!!!!
