Silver State Helo's Shutdown - Page 2

kfour · February 4th, 2008, 22:15

Quote:

Originally Posted by esa17

Well, at least I don't have to worry about them trying to kill me at CRG any longer.

Amen to that...

"951SH I told you to land on 32 SECOND SIDE, NOT B4!!". Andre regularly had conniption fits over the radio with them.

scottyboy75 · February 4th, 2008, 22:15

I hate to say it but they tended to breed a cocky kind of pilot that made us all look bad. I did my II at the Boise location and one of their guys was pretty rude to me. He was pretty much looking down his nose at me as I filled out the forms to do a checkride asking if I thought I could start it without overspeeding or needed help. Its ok I left with their checklist on my kneeboard.
Shane

surreal1221 · February 4th, 2008, 22:17

What a scam.

Part of me feels bad for the guys who are being taken by these guys, but part of me also does not feel sorry for them because the writing was on the wall.

SSH has been known to be nothing more than a shady business, yet people still flocked there.

I just don't get it.

All the best though.

Pietrantonio · February 4th, 2008, 22:22

Quote:

Originally Posted by FiveO

I went to their seminar at CRG last year. It almost felt that something was not right the second you walked in the door. I hope the students make it out okay with this one.

Same here, except I watched their commercial on their website. It's a "too good to be true" feeling.

Pietrantonio · February 4th, 2008, 22:23

Quote:

Originally Posted by surreal1221

What a scam.

Part of me feels bad for the guys who are being taken by these guys, but part of me also does not feel sorry for them because the writing was on the wall.

SSH has been known to be nothing more than a shady business, yet people still flocked there.

I just don't get it.

All the best though.

The feeling is Mutual

JDMcFly · February 4th, 2008, 22:41

"The students paid 70,000 upfront for their training."

WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY DO PEOPLE KEEP DOING THIS. IT IS NOT A SMART DECISION.

scottyboy75 · February 4th, 2008, 22:43

People get sucked into that feel good now auora they presented. The used the same pressure tactics that timeshare people use. Statements like we are only accepting a limited amount of students so you better hurry if you want in on this. I would have liked to see them shut down a while ago but not like this. Utah stopped them from accepting new students last year but they were able to start again a few months back. If the trend is true they paid 70,000 for ground training and a few hours in the sim. One word comes to mind the entire training market is screwed. 500 resumes just went out today some as CFII some as line pilots. The market just got flooded.
Shane

bdhill1979 · February 4th, 2008, 22:45

Quote:

Originally Posted by JDMcFly

"The students paid 70,000 upfront for their training."

WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY DO PEOPLE KEEP DOING THIS. IT IS NOT A SMART DECISION.

Correction

Most of them took out a loan for $70,000

They will most likely pay almost twice that by the time its all said and done.

bdhill1979 · February 4th, 2008, 22:48

Quote:

Originally Posted by scottyboy75

The market just got flooded.
Shane

Quote:

Originally Posted by Silver State Advertisement

The demand for Helicopter pilots has never been higher

You still want to do that fixed wing add on?

BobDDuck · February 4th, 2008, 23:24

As shady as they were (and as many times as I almost smacked into one while sharing ramp space with them at IWA) many of their instructors were good people. I'm hoping most of the ones I was friends with have long since moved on to better things.

esa17 · February 4th, 2008, 23:28

Quote:

Originally Posted by kfour

Amen to that...

"951SH I told you to land on 32 SECOND SIDE, NOT B4!!". Andre regularly had conniption fits over the radio with them.

Those guys apparently weren't aware of the traffic pattern ceiling for rotorcraft either. The only good thing about them was they were a great teaching aid for what NOT to do as a pilot. Now I'll just have to let my guys eff up on their own, what fun is that?!

Pietrantonio · February 4th, 2008, 23:58

I want to say somewhere in their training contract it stated that they (students) only had 8 months to complete their training PPL-CFII? I know it's something along those lines. If you didn't finish, they still took your money.

First of all, the average student takes about a year to complete all of the helo ratings, and second, at SSH, you have 100 students, 20 CFI's and 10 Helicopters...you do the math. It's not going to happen in 8 months!

slushie · February 5th, 2008, 01:16

Jerry Airola is a byword among nations. I "met" him when he bought out the flight school I worked at a few years back.
I was suspicious...

Murdoughnut · February 5th, 2008, 12:31

Interesting web site about the company's CEO ... http://www.swiftchopper.com/

killbilly · February 5th, 2008, 13:09

Quote:

Originally Posted by bdhill1979

Correction

Most of them took out a loan for $70,000

They will most likely pay almost twice that by the time its all said and done.

In those situations, does the loan financier disburse the funds on a piecemeal basis, or do they give the school the lump sum?

If it's the former instead of the latter, the students may be able to get the pro-rata amount shifted to another school, in which case there is a delay in their training while they pursue another option, and they're not necessarily 70K in the hole, you know?

If I owned a helicopter school, this would be a perfect chance to expand - you've got a set of students ripe for "saving" and they already have funding in place. Talk about a target market...

Probably a paperwork nightmare though.

TurdBird · February 5th, 2008, 13:53

I drove by their location at FXE only to see a few patrol cars in the parking lot.

scottyboy75 · February 5th, 2008, 15:30

The way the school was structured they took 3 installmennts of 24k in 3 months. So anyone in longer than about 2 1/2 months have lost all the money they were approved for. SSH had a setup where you had a huge ground class lasting 6 weeks. If you did not score above 80% you stayed in ground longer. They then moved you to a sim and flew a little then on to the helicopter. It was an average of 7 months to solo just over a year to ppl. The research turned up about EOS th company that bought them shows they buy companies and set them up for bankruptcy which SSH did under chap 7 on Sun according to the company website. This just looks bad for all flight training. People don't seem to understand the whole pay as you go thing.
Shane
www.silverstatehelicopters.com

This is the company that purchased SSH a few months ago

http://www.eospartners.com/credit_opportunities.html

surreal1221 · February 5th, 2008, 16:22

HAH! He's a scientologist. . .

Amazing. Maybe he'll sick Tom Cruise on us all for bad mouthing him?

TurdBird · February 5th, 2008, 16:48

Straight from their website...

Quote:

FOR IMMEDIATE RELEASE Contact: Maile Takashima
February 4, 2008 MassMedia Corporate Communications
(702) 433-4331
maile@massmediacc.com

Silver State Helicopters Files Chapter 7

(Las Vegas, Nev.) – Silver State Helicopters, a privately-owned company based in Las Vegas, Nevada, filed a petition with the U.S. Bankruptcy Court for relief under Chapter 7 of the bankruptcy code.

The company closed all operations yesterday, February 3, 2008, at 5:33 p.m. PST. This action followed a rapid, unprecedented downturn in the U.S. credit markets, which severely curtailed the availability of student loans for the company’s flight academy students and resulted in a sharp and sudden downturn in new student enrollment.

“The decision to shut down operations was made only after the company explored its other available alternatives,” said Elizabeth Trosper, company spokesperson. “Information for former employees and students will be disseminated as it becomes available.”

###

About Silver State Helicopters
Silver State Helicopters operated flight academies at more than thirty locations in fifteen states. Additional information will be posted on the company’s Web site at www.silverstatehelicopters.com.

Case Information

United States Bankruptcy Court

District of Nevada

702-388-6708

www.nvb.uscourts.gov

Case #: 08 - 10936

Responsible Attorney:

Jeanette McPherson

702.228.7590

Court Appointed Trustee:

Jim Lisowski

702.737.6111

Meeting of Creditors:

March 14, 2008

300 Las Vegas Blvd S.

Room # 1500

Last day to file claim as creditor:

6/12/2008

Judge: The Honorable Mike Nakagawa

surreal1221 · February 5th, 2008, 16:51

Is Massmediacc another Scientology outfit?

cfii2007 · February 5th, 2008, 18:58

So what exactly is a Pyramid Scheme?

surreal1221 · February 5th, 2008, 20:21

Multi-Level Marketing

You recruit people for your business model

The people that you recruit generate sales

You get a portion of their sales profits.

The people that you recruit, go and recruit more people.

Now the people that the people you recruited, recruited, generate sales.

Now you get to take a portion of the profits of both the people YOU recruited, but also from the sales that he people below you recruited.

Confusing?

Check wikipedia for MLM or Multi-Level Marketing.

Or, check Amway, or Quixtar.

scottyboy75 · February 5th, 2008, 20:38

They would shift profits from one location to another. Open the new location harvest the student loans from that location then on to the next. They never had enough helicopters or facilities for the students they had. They would overinflate the claims of the 135 ops they never had. Case in point they were all about the heli skiing op in Ogden that never flew. It amounted to a 407 with a fancy paint job thats it.
Shane
I should stop posting about this company now it is starting to be evident I hated it and think it hurt the helo industry real bad.

surreal1221 · February 5th, 2008, 20:57

Are there Pay-For-Training helo companies like there are PFT companies for us fixed wing special kids?

scottyboy75 · February 5th, 2008, 21:18

Yeah there are some. One called boat pix. And there is a tour company in la that you pay for turbine time and flying block rate for tour flights.
Shane

February 4th, 2008, 22:15	#27
scottyboy75 Senior Member Join Date: Feb 2005 Location: SLC Posts: 880	Re: Silver State Helo's Shutdown I hate to say it but they tended to breed a cocky kind of pilot that made us all look bad. I did my II at the Boise location and one of their guys was pretty rude to me. He was pretty much looking down his nose at me as I filled out the forms to do a checkride asking if I thought I could start it without overspeeding or needed help. Its ok I left with their checklist on my kneeboard. Shane __________________ Comm Rotorcraft CFI, CFII Rotorcraft

February 4th, 2008, 22:17	#28
surreal1221 Old Skool Join Date: Jul 2006 Location: Away from an Airport Posts: 15,513	Re: Silver State Helo's Shutdown What a scam. Part of me feels bad for the guys who are being taken by these guys, but part of me also does not feel sorry for them because the writing was on the wall. SSH has been known to be nothing more than a shady business, yet people still flocked there. I just don't get it. All the best though. __________________ DoD WxFcstr.AGI.MEI.CFI.CFII.FO.CRJ2 \| The TRoP \| ALPA - Education \| APSA \| ACLU \| IVAW \| AMS \| Acey 80\|

February 4th, 2008, 22:41	#31
JDMcFly Old Skool Join Date: Apr 2003 Location: New York Posts: 1,747	Re: Silver State Helo's Shutdown "The students paid 70,000 upfront for their training." WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY DO PEOPLE KEEP DOING THIS. IT IS NOT A SMART DECISION.

February 4th, 2008, 22:43	#32
scottyboy75 Senior Member Join Date: Feb 2005 Location: SLC Posts: 880	Re: Silver State Helo's Shutdown People get sucked into that feel good now auora they presented. The used the same pressure tactics that timeshare people use. Statements like we are only accepting a limited amount of students so you better hurry if you want in on this. I would have liked to see them shut down a while ago but not like this. Utah stopped them from accepting new students last year but they were able to start again a few months back. If the trend is true they paid 70,000 for ground training and a few hours in the sim. One word comes to mind the entire training market is screwed. 500 resumes just went out today some as CFII some as line pilots. The market just got flooded. Shane __________________ Comm Rotorcraft CFI, CFII Rotorcraft

February 4th, 2008, 23:24	#35
BobDDuck Old Skool Join Date: Sep 2003 Location: Left Seat Posts: 8,009	Re: Silver State Helo's Shutdown As shady as they were (and as many times as I almost smacked into one while sharing ramp space with them at IWA) many of their instructors were good people. I'm hoping most of the ones I was friends with have long since moved on to better things. __________________ The Gear Monkey The Gear Monkey Store

February 4th, 2008, 23:58	#37
Pietrantonio Senior Member Join Date: Aug 2006 Location: Somewhere Posts: 462	Re: Silver State Helo's Shutdown I want to say somewhere in their training contract it stated that they (students) only had 8 months to complete their training PPL-CFII? I know it's something along those lines. If you didn't finish, they still took your money. First of all, the average student takes about a year to complete all of the helo ratings, and second, at SSH, you have 100 students, 20 CFI's and 10 Helicopters...you do the math. It's not going to happen in 8 months! __________________ "The tragedy of life doesn't lie in not reaching your goals! The tragedy lies in having no goals to reach."

February 5th, 2008, 01:16	#38
slushie Old Skool Join Date: Dec 2005 Location: Vegas Posts: 2,675	Re: Silver State Helo's Shutdown Jerry Airola is a byword among nations. I "met" him when he bought out the flight school I worked at a few years back. I was suspicious... __________________

February 5th, 2008, 12:31	#39
Murdoughnut Old Skool Join Date: Jun 2006 Location: St. Petersburg, FL Posts: 7,171	Re: Silver State Helo's Shutdown Interesting web site about the company's CEO ... http://www.swiftchopper.com/ __________________ Yes, this avatar has been edited for decency

February 5th, 2008, 13:53	#41
TurdBird Old Skool Join Date: May 2006 Location: Florida Posts: 3,239	Re: Silver State Helo's Shutdown I drove by their location at FXE only to see a few patrol cars in the parking lot.

February 5th, 2008, 15:30	#42
scottyboy75 Senior Member Join Date: Feb 2005 Location: SLC Posts: 880	Re: Silver State Helo's Shutdown The way the school was structured they took 3 installmennts of 24k in 3 months. So anyone in longer than about 2 1/2 months have lost all the money they were approved for. SSH had a setup where you had a huge ground class lasting 6 weeks. If you did not score above 80% you stayed in ground longer. They then moved you to a sim and flew a little then on to the helicopter. It was an average of 7 months to solo just over a year to ppl. The research turned up about EOS th company that bought them shows they buy companies and set them up for bankruptcy which SSH did under chap 7 on Sun according to the company website. This just looks bad for all flight training. People don't seem to understand the whole pay as you go thing. Shane www.silverstatehelicopters.com This is the company that purchased SSH a few months ago http://www.eospartners.com/credit_opportunities.html __________________ Comm Rotorcraft CFI, CFII Rotorcraft Last edited by scottyboy75; February 5th, 2008 at 15:38. Reason: added ssh web site

February 5th, 2008, 16:22	#43
surreal1221 Old Skool Join Date: Jul 2006 Location: Away from an Airport Posts: 15,513	Re: Silver State Helo's Shutdown HAH! He's a scientologist. . . Amazing. Maybe he'll sick Tom Cruise on us all for bad mouthing him? __________________ DoD WxFcstr.AGI.MEI.CFI.CFII.FO.CRJ2 \| The TRoP \| ALPA - Education \| APSA \| ACLU \| IVAW \| AMS \| Acey 80\|

February 5th, 2008, 16:51	#45
surreal1221 Old Skool Join Date: Jul 2006 Location: Away from an Airport Posts: 15,513	Re: Silver State Helo's Shutdown Is Massmediacc another Scientology outfit? __________________ DoD WxFcstr.AGI.MEI.CFI.CFII.FO.CRJ2 \| The TRoP \| ALPA - Education \| APSA \| ACLU \| IVAW \| AMS \| Acey 80\|

February 5th, 2008, 18:58	#46
cfii2007 Old Skool Join Date: Jun 2007 Posts: 1,979	Re: Silver State Helo's Shutdown So what exactly is a Pyramid Scheme?

February 5th, 2008, 20:21	#47
surreal1221 Old Skool Join Date: Jul 2006 Location: Away from an Airport Posts: 15,513	Re: Silver State Helo's Shutdown Multi-Level Marketing You recruit people for your business model The people that you recruit generate sales You get a portion of their sales profits. The people that you recruit, go and recruit more people. Now the people that the people you recruited, recruited, generate sales. Now you get to take a portion of the profits of both the people YOU recruited, but also from the sales that he people below you recruited. Confusing? Check wikipedia for MLM or Multi-Level Marketing. Or, check Amway, or Quixtar. __________________ DoD WxFcstr.AGI.MEI.CFI.CFII.FO.CRJ2 \| The TRoP \| ALPA - Education \| APSA \| ACLU \| IVAW \| AMS \| Acey 80\|

February 5th, 2008, 20:38	#48
scottyboy75 Senior Member Join Date: Feb 2005 Location: SLC Posts: 880	Re: Silver State Helo's Shutdown They would shift profits from one location to another. Open the new location harvest the student loans from that location then on to the next. They never had enough helicopters or facilities for the students they had. They would overinflate the claims of the 135 ops they never had. Case in point they were all about the heli skiing op in Ogden that never flew. It amounted to a 407 with a fancy paint job thats it. Shane I should stop posting about this company now it is starting to be evident I hated it and think it hurt the helo industry real bad. __________________ Comm Rotorcraft CFI, CFII Rotorcraft

February 5th, 2008, 20:57	#49
surreal1221 Old Skool Join Date: Jul 2006 Location: Away from an Airport Posts: 15,513	Re: Silver State Helo's Shutdown Are there Pay-For-Training helo companies like there are PFT companies for us fixed wing special kids? __________________ DoD WxFcstr.AGI.MEI.CFI.CFII.FO.CRJ2 \| The TRoP \| ALPA - Education \| APSA \| ACLU \| IVAW \| AMS \| Acey 80\|

February 5th, 2008, 21:18	#50
scottyboy75 Senior Member Join Date: Feb 2005 Location: SLC Posts: 880	Re: Silver State Helo's Shutdown Yeah there are some. One called boat pix. And there is a tour company in la that you pay for turbine time and flying block rate for tour flights. Shane __________________ Comm Rotorcraft CFI, CFII Rotorcraft

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