Tayside Aviation administration update after collapse
The administrators appointed to Tayside Aviation after its collapse in April have now published a progress report detailing their work on the recovery and sale of Tayside’s assets and the dispersal of funds to the company’s creditors. While indications are that secured creditors will get some if not all their money back, the news for unsecured creditors, which include those customers who had paid upfront for pilot training programmes,...
Cadet Pilot Protection Debate Heads to Parliament
The debate over the financial oversight of UK Approved Training Organisations (ATOs) has now made it to Westminster, with Tim Loughton, Member of Parliament for East Worthing & Shoreham, calling on the Department for Transport (DfT) to introduce steps to prevent cadet pilots losing their training investment when an ATO folds. In a presentation made at Westminster Hall on 12 September, Tim Loughton MP gave an impassioned plea for...
ACS acquires former Tayside sim
Perth Airport based pilot academy ACS Flight Training has agreed a deal to purchase the ALSIM ALX flight simulator formerly owned by Tayside Aviation. This comes after administrators have revealed that they are investigating financial moves made by the school’s owner in the run-up to its collapse. Having failed to achieve a sale of the school as a going concern, the administrators of recently closed flying school have been selling...
To oversee or not to oversee?
Investigations by FTN have uncovered the possibility that the UK Civil Aviation Authority (CAA) may be failing in a statutory duty to provide financial oversight of UK flying schools, potentially increasing the financial risk to students enrolling on flight training programmes. As has been recently reported in FTN, two major UK Approved Training Organisation (ATOs) have collapsed over the last couple of months and in both instances,...
Tayside Aviation – adminstrator investigating financial dealings
Administrators handling the disposal of Tayside Aviation following its closure on 20 April 2023 have revealed that they are investigating financial moves made by the school’s owner in the run-up to the company’s collapse with debts of £2.5m. As reported previously, the sudden collapse of Tayside Aviation led to the immediate loss of 20 jobs and dozens of students stranded part-way through their training, many of whom have been left...
