Not much help, I'm afraid Dean. Same happened with PPSC and SFT in 2001, and others in the past. CAA helpful with training records and time extensions, but not finances. CAA approval requires a certain amount of financial disclosure I believe, but the approval is strictly defined.

Aardvark

Ask a school if you can pay as you train, or even in arrears. There is no reason why not, nor why they should charge a large premium for this. There are schools that are not expensive that charge at the end of the week for the week's flying. Your money is safe, as is theirs (they do not sign your papers until you settle up!). If this became industry standard students would no longer lose large amounts of money, as many of my friends / students did with SFT.

Send clowns

Thanks for the advice, I was actually giving it myself too.

I heard of this scheme going pear shaped from one of my students losing £2000.

You are most correct though, our training organisation does allow anyone to pay as they fly like any FTO should.

I think Barclays terms of CDL's need reviewing or staggered payments to protect the candidate.

What many people didn't see or want to see. Was the way PAC pushed the CDL's like no one else.
Because it was a quick sure fire way for them to get £ 8K straight into their account direct from the other bank. Period.
Why people took a chance to train with a company run by two people with no airline experience what so ever,( only 'capt' dick had any commercial flying experience, flying rotary vfr in Us. ) .

The staff that joined later may have good intentions, but it was only your money that the company wanted.

Plus a bit to much was made of the phantom 'investor' form what I hear. The cash flow was the CDL's...:*

Dah Dah. Dit,

O' No, not two Dean Johnstons in the skys, its bad enough when i'm up there. Never been to Nottingham ( well only via M1 ).

It was'nt me.

DJ.

Send Clowns,

I take it you are involved with a FTO, if so, are you saying I could do my CPL flying with you and pay as I go, or in arrears ? I've spoken to two schools and they both want money upfront. Depending on my results ( due Sat 25th ) I will be flying or resitting.

Just a thought.

D.J.

Want money up front! That sounds odd to me. Another disadvantage of doing this is that if you're not happy with the training/service that you're getting it makes quitting and going somewhere else that bit more difficult (in my opinion).

Regards, GT.

Anyone been able to contact them? All their previous contact details are cancelled!!

Flash_Heart - you could try the liquidators - are you a PAC creditor?

Hello Mystery shopper.
Reading this (again) just made me fell how sad that it ended like this.:(

:O Sorry I didn't reply Dean. I was away when you posted and the thread had dropped off the page before I returned.

I do indeed work for an FTO that not only allows payment in arrears for flying but will not take money in advance for more than one trip. Most students pay on account at the end of the week I believe, settling up before tests and before paperwork is signed to keep us safe :). If other schools won't match this then email me or send me a private message.