There's certainly something happening at EGTC. Driving past this morning - lights in some of the buildings and people in Cabair logoed clothing walking around.

I didn't see any of their aeroplanes doing anything however.

I know no more than that, but at least it's some sign of life.

G

Cabair UK at Cranfield is deff up and running. I know one ground school student back in ground training there and he has been there since last week Wednesday.

This seems to be the fold and re-open Cabair UK!

I have heard Cabair callsigns all week when on EGTC so they are defo operating. It sounds like good news for their current students. I just hope the new management does their job right!

Good news for Cabair Cranfield Students, but still bad news for Cabair Bournemouth and Wycombe students who have been left with no money and no training....lets hope that something goods happens for us too.

Hi G-RICH, I know someone who is affected by this, kindly PM me the FTO you recommend for the "pay as you go" offer. Thanks, P

Surely there should be no effect to Wycombe students regardless? They are with WAC whose business and approvals haven't, so far as I can tell, been effected in any way?

G

I can only assume that you are one of the people who got sucked into "Integrated".

All FTOs, bar the handful who do modular-only, offer pay-as-you go.

G

EPTA required you to pay up front for the section of your course undertaken, so you paid in full for the CPL, then multi and finally the IR and got a discount....that's how some students have lost money. So guess the moral of the story is don't pay up front even if they offer you a discount....lesson learnt.

I don't know the specifics of how this business has traded itself, but if it is indeed a new company (as in newly registered) and it is claiming an old (now defunct) company's trading history in its marketing material, then it is quite likely breaking the law in the UK. I would advise Trading Standards as the first port of call as they don't mess about...get on the wrong side of them and they will shut you down!

However, the ASA would also be good bet, especially as new standards for online advertising came intro force in the UK in March of this year.

As a matter of interest, this exact thing happened when a Midlands Flying School went broke a couple or years back...and I'm fairly sure, following a Pprune discussion, the offending web page disappeared...at least temporarily.

EPTA at Bournemouth
 

Just been texted the EPTA building has been repossessed and the locks have been changed. Oh dear.

On 8 November a deal was concluded, for which negotiations started on 16 September (sic!), the so-called pre-packaged sale.

The following is from a letter to creditors by the Administrators:

"The initial consideration was split as follows:
Stock, funiture and simulators in Cranfield £240,000 of which £40,000 is to be uitilised to discharge the finance outstanding on two of the sims.

Intellectual property £34,000
Goodwill £7 !!!!!!!
Business Names £ 4,200 !!!!!!
the shares in CIUK £ 88
supplier contracts £42
prepay liabilities £1 !!!!!!!!
Company Records £862

In addition to the above, there is provided within the sale agreement for additional consideration in respect of goodwill to be paid in October or November 2013 which is dependant upon the number of students who have paid the instalments in respect of an integrated course. A maximum of £108,000 additional consideration may be payable."

Bold lettering and exclamation marks are mine. :suspect:

@Golfdriver
I received the same information in an email from EPTA.

Any aviation company has a lot of material which took much took much expensive time to put together.

Think of the time it takes to put together a FOB, manuals for any AOC operations, student handbook, company aircraft manuals and checklists, company W&CG sheets, staff handbook, student record sheets... - it all adds up and if you can take all of that from somewhere else and implement it within minimal modification then a great deal of time, and thus money, can be saved.

Given that £34k is maybe half a man-year of total employment costs of a middle-ranking aviation grown-up, this may be fairly cheap.

G

The letter referred to is 8 pages long and clearly cannot be copied here in its entirety.

What I find interesting is that meetings between various solicitors (NatWest, CIAL, CIUK) and the Proposed Administrators started already on 16 September and that this pre-packaged deal was on the table before the place stopped operating on 29 September AND the staff were not (and still have not been) paid for September.

Remember that the Court appointed the above Administrators on October 20th as a result of a non-payment claims by Mr. S. Read and some outstanding debentures from other companies in the Cabair Group.

What is the format for proposed administrators becoming appointees for the Court?

All told it smells of Capt. Birdseye :hmm:

Ok, I've read through most of this but I'm not 100% clear.

How is EPTA distance learning groundschool affected by all this?

It seems maybe it's all gone down the pan.

Anyway, I paid £895 for their whole distance learning program, but before going on any revision weeks or taking any exams got offered a job at a different location with all training included, along with ATPL exams.

So I'm trying to get a refund on that... will I have any joy? :}

Yes - but only if you paid via a credit card.

Many apologies.

A CABAIR instructor..........

Hi, yes it's a very sad time for all those involved, flight training is very expensive as it is without loosing money also.

Hmm, therein lies the problem. They were charging a fee to pay by credit card, and never in a million years did I think they'd go bankrupt, so I paid by free bank transfer. Ah well, its not that much in the big scheme of things.

NO TXT SPK THNX
HWB

huh? where did all the rest of my post go? it was in as much good english as the above. well little point in staying here if moderators are that cavalier. :mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad::mad: :mad::mad:

If Colin Green is still involved with EPTA and happens to be reading in, I'm watching with interest !

One day Colin you might be held accountable for various things, this is the second company you are employed by/involved with, in the last 10 years to go tits up?

What goes round comes round fella, enjoy your xmas cnut

EPTA may continue, or may continue under a different name which is more likely, however, I very much doubt that I will ever seem my cash or training again....

Seems like another fast trick by some very squirmy executives...

Watch this space.