You would hope that market forces would make that happen.

But there are sufficent people who are will to pay for the training with little chance of getting a job.

Its in the airline industrys interest to have the current oversupply to allow them to react quickly to growth and keep thier own training costs down.

In the perfect world all commercial pilots would be trained in house by an airline.

At our school we will only accept £1000 up front for SEP type work and £2000 for ME (limiting to £1000 is a bit tight when you could blow that amount in a day). We simply do not let people pay huge amounts up front. Funnily enough, it doesn't appear to adversely affect our business.

Frankly, bonds, escrew etc is still not the long-term solution. PAYG (or thereabouts) is the only sensible way to do business.

PTC's website is down today. Are they officially in liquidation?

Judging by this excerpt from 'Waterford Today' I don't think much info will be forthcoming from PTC,either to failed students or Govn't Depts. (or indeed the irish taxpayer) Was a time you couldn't log onto an aviation based website without an advert for this company appearing,now awkward questions are being asked by various concerned parties their PR/Marketing machine has come to a grinding halt.Funny that really.

[URL="http://www.waterford-today.ie/waterford-today-news/17209-waterford-pilot-school-labour-query-17209.html"] Waterford Pilot School - Labour Query Wednesday, 11th July 2012 Labour deputies query 'drip drip'information about Waterford Pilot School

Concern about the 'drip-drip' way informationemerging from the suspended Waterford-based Pilot Training College (PTC) was expressed in a joint statement by Kilkenny and Waterford Labour Party TD's AnnPhelan and Ciara Conway.

Looks like the cPanel website has been removed.

It's really sad to see this happening to PTC and I feel for all those involved. I went through the same thing with Cabair last year.

The one bit of advice I can offer is to make sure before staff leave, doors shut for good is that you have a copy of your training records. Exam certificates, a completed and signed logbook, the head of training can usually help you with this.

You can take this to a school of your choosing to continue. You don't need to anywhere you don't want, even if PTC are arranging transfer there. Visit schools, make an informed choice.. and the school you choose to continue with has the ability to transfer your training over in conjunction with the IAA/CAA.

Firstly,
I do believe that way back in 2003/4 when PTC was born and yes I was there, that Mike Edgeworth had the belief, vision and intention to create the best Pilot Training Facility in Ireland and hopefully the world. Instead of teaching from the garden shed at the corner of the airfield as was the norm in ireland then.
This would have happened had he let the people, (some of whom were very talented) do the job he paid them for and not personally micro managed everything to the point of destruction. Ego and money then took over with the usual predictable result.:(

Right now it is a sad state of affairs for all the students, families and honest staff members who all worked hard to help make the promised dreams come true. At one time PTC were the best, for a few months in 2009 under the wisdom and leadership of Nick Clarke and Ciaran Doyle the team cared about the students and the training they received. Everyone involved worked hard to develop safe and professional pilots whilst still providing an unforgettable once in a lifetime experience. Any student from that time will confirm this.
….

What happened? Edgeworthless happened and again snatched defeat from the jaws of victory....

chapter 2 to follow:E

Irish Times Monday 16th July 2012
 

The new Pilots Terminated Course of Ireland's CEO,a Mr Bob Diamond
has moved quickly to quash rumours he was re-branding the
battered companies image with that of a phoenix as its central logo.
Opting instead for an Ostrich as quote "this story will run & run"
and it more adequately reflected the "companies core values"
An Ostrich is of course an Oversize,flightless bird which is prone
to sticking its head in the sand in times of trouble.




If only losing £80k upwards were a laughing matter.

Some of them have gone to Naples Air Center so they clearly haven't learnt anything.

How is this the responsibility of the Irish Tax payer
 

I don't see the point in staging a protest in front of Dail Eireann. This is not the responsibility of the Irish Tax payer or the government of Ireland. This is down to a company who badly and incompetently managed their finances in my opinion.

I attended P.T.C. over 3 years ago for the suitability test, to say what unfolded over the day was unprofessional was an understatement. For me that day said enough about the outfit. First impressions last!

I have sympathy for these guys, it is completely unfair that they are at such a financial loss. But I think they should focus their frustration and energy elsewhere. There are serious questions to answer as to whether a company knowingly took money and continued to trade while insolvent.

Pjlot they are protesting about where the regualtor was in all this? Yes that's the IAA in their fancy 'Irish Times' building. They had plenty of trips over to Florida business class etc to 'audit' the operation, so what were their results? :ugh:

Probaby the same as the results from the UK CAA dolts who travelled to Cabair HQ and said they were a good bet.

Everyone these days is 95% accountable. It's that last 5% that prevents accountability.

The good old ICAO containment limit.

Your BRNAV equipment must be within 5NM of accuracy on 95% of occasions (PRNAV 1NM).

What about the other 5%?


For lack of accountability in recent times, as well as Cabair, don't forget Bristol Aviation - the directors of Bristol Flying Centre, which also owned Bristol Aviation, were pretty quick to adopt slopey shoulders, whilst making sure their own personal wealth was untouched.

The authorities need to be more accountable to the end user - they are quick enough to take the money when times are good.

:mad:

Well they had their protest today. Much good it will do them. Their naivety is very evident. They seem convinced they Irish taxpayer is going to foot the bill for their mistake and PTCs negligence. I can absolutely assure you that will not happen.

Apart from anything else the money isn't there and if it was it would be better spent on something useful like hospitals and schools.

In any case they need to realise that the jobs are not there for them even if they finish. Another reason the goverment isn't going to throw good money after bad.

Their attitude is also poor and abusive to someone gently pointing out the truth to them. This is duly noted and when one of this individuals comes knocking, looking for a job. They will find out just how small the aviation community is within Ireland.

Meanwhile today PTC went into examinership which presumably means they intend to resurect the company. What optimists? As if anyone will ever touch them again with a thousand foot bargepole.

Here is a piece extracted from the website of local Waterford radio station WLR FM.


The High Court has appointed an Examiner to the Waterford based Pilot Training College

It follows its well publicised dispute with the Florida Institute of Technology which PTC says has left it with a major financial deficit. An Independent Accountant told the court that PTC has a reasonable prospect of survival if its restructured.A number of parties have also indicated an interest in investing in a restructured enterprise and the Interim Examiner , Michael McAteer of Grant Thornton, will now engage with those parties and the Irish Aviation Authority in a bid to restore the company's licence.

PTC's self appointed 'Captain’ was always a great one to polish the smelliest turd to a high gloss finish.
A quick wipe over with 'Brasso Neck' will have the scam up and running again.
Never dismiss the propensity of drunks and babies to snatch at the shiniest bauble.

Indeed, small in every sense of the word, as your veiled threat has amply proven.

chapter 2
 

The dream morphed from training pilots to a dream sold to young pilots with false claims, misleading advertising, slick marketing by clowns wearing four bars (a telecoms saleswoman, a failed CPL pilot and a bathroom salesman who looked like a hairdresser all lead by a self-styled captain (he only holds a JAA CPL with less than 500 hours right seat ‘jet time’) with the sole intention of making pure profits. All paths greased by complicit regulatory authorities and the US higher level management who wanted part of the Hollywood style big success movie.

Edgeworthless, for a period of time let his Florida team do what they did best which was train pilots. Unfortunately, his ego couldn’t take it as it was going too well without him so he returned and as happened several times over the years snatched defeat from the jaws of victory.

Any PTC staff with talent and morals were underhandedly forced out for cheaper, incompetent, inexperienced morons whose brief was to take as much from the students as possible by any means. This included flouting Quality, Standards and Safety with several breaches of rules and regulations. If you complained, you were transferred to the EXIT slide and the door to your office became the door to the carpark.

Several high flying executives were drafted in from other places to sit on the board, again to give the impression of a sound organisation but after a few months dealing with Edgeworthless’s ego they all walked or ran away, usually laughing.

A management team that grew the company 400% in two years were told they were incompetent and that 'one man and his dog' knew better.:ugh:

Ask how many Chief Flight Instructors PTC have lost? PTC couldn’t maintain training continuity with such a high turnover of disrespected and disgruntled training staff. No-one with any ability wanted to work for them.....:D

Not so veiled. There is a basic test when someone walks onto the airfield. Most fail. Rare enough the fail before they even get to the airfield.

It's attitude.