** Ex SFT boss & Cabair start-up in Bournemouth **
 

Word on the street has it, that ex SFT boss, Colin Green has joined forces with Cabair to start a new flight training school at Bournemouth.

Using the old SFT aircraft that Cabair bought from the SFT administrators earlier in the year, they will start trading very soon.

Although not trading as Cabair, the new organisation will bring some more competition to; Bournemouth flying club (due to move into the old SFT building very soon), PAT and the new venture consisting of 3 more ex SFT staff members.

Will this increased competition benefit prospective students wishing to start training soon? In terms of reduced training costs perhaps??

Lets hope all works out well or everyone.

So the phoenix rises from the ashes! Anybody for paying upfront?

Will they offer the students who lost thousands with SFT anything ???

Yes!---------------- The opportunity to part with more money!

If it's a new firm and they've just bought assets (i.e. aeroplanes) from the one that went bust, no, the new firm doesn't have any liability for the old one's debts - not even with the same directors.

Interesting thing about this new BB is that it shows the number of views for each post.

At the moment this one has only had 4 replies but has had 175 views.

Now.... it seems that "wordonthestreet" has never posted before now, so could this be a Colin Green advert! If so its very cheap advertising with 175 Wanabees so far seeing it. Crafty one!

Long Briefing

Correct me if I'm wrong but If you keep clicking on the subject, the counter increments automatically. So the preson who started the thread can make it look interesting when it really isn't.

As for starting up in business again - well business has one golden rule - Reputation.

Without reputation you have no business. Enough said.

WEALTH (& HEALTH) WARNING

wordonthestreet may not be Colin Green but, if this rumour is true, the guy has de big brass neck after his SFT definitely did the dirty, according to plenty of posters.

There are always more suckers but it's hard to imagine how this Cabair with a Green streak school would attract sane students. There are plenty of professional and ethical schools, with good reputations, so why would you want to train with SFT (2002) Ltd ?

If my last company had dumped people in the ..... and not met its obligations, I'd be very scarce and scared (cos some poor wannabes might want to use me for their baseball practice !!!)

perhaps wordonthestreet has circus blood?

It your choice.
 

As one of the former students of SFT I feel that I can speak from an unenviable position of authority on this matter.

No matter whom you choose to train with the age old advice holds true. Don't part with all your money up front or all at once, don't believe all the fancy talk about seperate accounts. keep control of your money and only part with it when necessary.
Don't be swayed by discounts for advanced payment, unless you can afford to write off the money should the company go bust. SFT was a well established company but they never let on as to the financial position of the company. These matters are commercially sensitive.
I made the mistake of trusting them to be honest and not take me to the cleaners. They were still taking students money up to the very end, very little of it recovered. The company has been wound up and there was no money left to pay unsecured creditors.
When it comes to these matters we the students are unsecured creditors and as such are the lowest of the low when it comes to carving up the proceeds.

PLease Please try to avoid the pit falls...............I thought it would never happen to me or SFT and it happened to us both..........

Tom......:(

Just a thought ? what will they call themselves I wonder, seeing as the old SFT company name and all has bieng sold.
Pilot Tom how are you ? Got a job yet? Got the I.R passed last week still unemployed !!!

Flying Farmer
Andrew H

NO I AM NOT COLIN GREEN!

I would not give him any money at all, after he took thousands from prospective students at SFT knowing his business was in dire straights.

I feel very sorry for the students that lost money.

If training at Bournemouth I would use either PAT, or the newly formed company comprising of ex SFT guys; Mike Bolton etc, they are now offering Ground, SIm & Flight Training.

There are of course others; Bournemouth Flying Club, who have taken over the old SFT building and will be offering commercial training. I see they have stuck their new signs over the old SFT signage.

Good luck guys and girls!

FLYING FARMER
 

Hey there,

CONGRATULATIONS

great to hear another one has passed the IR.

Still not got a job and not for the lack of trying. Quiet just now, but have gone back to work for old company. Saving up for the MCC course maybe go in Aug.

Take care A.

Tom......

Cheshire cat EGHH says:
 

I thought there are to many FTO's on the airfield already, seems funny that the CAA would allow it, but I suppose BIA being money hungry as usual will allow it.

spitfire747, No BFC will not be re-embursing SFT ex student's.

What concerns me is that Colin actually thinks he can start up another FTO and potiental students will trust him!, yeah right! In his dreams. No-one will trust him, even if his company offers a pay as you go scheme. (which BFC is doing)

I can't wait to see what BCFC(BFC) has in store for the ex SFT building. (sucking up so I can get a BFC pen, hmm how sad)

Bournemouth
 

009

Thanks wordonthestreet for your mention. We are a fto run by pilots ( ATPLS ) not bloody bean counters. Good luck to the best

As already been said, i reckon flight training schools rely alot on reputation. Colin Green does not have a good one anymore, so i wonder how busy the school will be, knowing the way life turns out - probably busier than before !

Spit sounds suicidal & this is getting confusing.

It was Colin Green and Cabair now it's being run by 'pilots' (so it's going to crash eventually !).

Seriously, who owns this new outfit and what is it called?

No way am i suicidal, i am off to my ATPLs so the grin on my face is huge !!!:D :D

Beancounters - v - Pilots
 

I am getting confused as to which FTO(s) everyone is discussing :rolleyes:

Anyhow, I would always choose an FTO where:-

The other way around can lead to crashing planes & crashing finances :mad:

Of course, I am not at all biased, just because I am a beancounter & a pilot :D

This latest development was predicted almost 2 months ago through pprune. It has to be said that it is a kick in the teeth to those who lost out with the demise of sft. There should be some sort of protection to stop people like Mr Green and co from running this type or indeed any company again. Only time will tell
whether or not his latest venture will prove to be successful.
Word on the street has it that the new company will immediatley benefit from most of the mod students at Cabair (egtc) starting in early may.

Now with the sudden outbreak of fto's @eghh it will become a fight of the fittest and my money is on PAT and BFC (with a very impressive new website and user friendly types) with ETA providing a more specialist role.

Anyway it's friday night and time to indulge in a bit of social intercourse .


Toodle pip


;)