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kellwolf · August 9th, 2003, 20:29

Even though this either belongs in the ATA forum or Squawk Box, I have to say something here....

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I think I covered this under the ATA thread but the Williams' had no money left, else they would have kept the business open. They had a huge stack of bills to pay, and even though they paid more than half, they are now "dead broke."

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Sounds to me like the did a very poor job of separating personal finance from business finance. If the school was going under (or Discover Air was dragging it under), let it go. I'm sure the students would have appreciated a little honesty and MAYBE some $$$ back instead of what they got.

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Let's see, there were four new students since Jan 1, and they put up a total of $165,000 - much of which was in a housing fund which the student's lawyers "confiscated" to use as a "retainer."

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I'd like to see where this info came from. I have several friends that were going there (and I considered it myself), and according to them new classes started every month until they closed the doors. Three of my friends have had their finances ruined, and at least one of them has given up an pilot career altogether. One was finished and waiting on an interview, and two were in Airstage II. Both of the Airstage II guys would at least like to know how their money was spent. As for me, I'm basically just angry that my friends were screwed over, but as we all know only lawyers make money in class action suites....

August 9th, 2003, 20:29	#22
kellwolf Old Skool Join Date: Jun 2003 Location: Memphis, TN Posts: 13,863	Re: Current or former students? Even though this either belongs in the ATA forum or Squawk Box, I have to say something here.... [ QUOTE ] I think I covered this under the ATA thread but the Williams' had no money left, else they would have kept the business open. They had a huge stack of bills to pay, and even though they paid more than half, they are now "dead broke." [/ QUOTE ] Sounds to me like the did a very poor job of separating personal finance from business finance. If the school was going under (or Discover Air was dragging it under), let it go. I'm sure the students would have appreciated a little honesty and MAYBE some $$$ back instead of what they got. [ QUOTE ] Let's see, there were four new students since Jan 1, and they put up a total of $165,000 - much of which was in a housing fund which the student's lawyers "confiscated" to use as a "retainer." [/ QUOTE ] I'd like to see where this info came from. I have several friends that were going there (and I considered it myself), and according to them new classes started every month until they closed the doors. Three of my friends have had their finances ruined, and at least one of them has given up an pilot career altogether. One was finished and waiting on an interview, and two were in Airstage II. Both of the Airstage II guys would at least like to know how their money was spent. As for me, I'm basically just angry that my friends were screwed over, but as we all know only lawyers make money in class action suites....