Deplorable Flight School Failures Draw Legal Attention
The recession has
brought many tales of woe from the days of easy credit. Just as
many people were nonchalant about taking on big debts to buy homes
or cars, some aspiring airline pilots took out huge student loans
to get flight training from companies which then disappeared.
But unlike home mortgages and car loans, bankruptcy doesn't wipe
out student loans. The New York Times reports that flight students
victimized by ponzi-like flight school operations have turned to
the courts to try and get out from under.
Ed Roe, who says he was stranded with $122K in student loans when
Tab closed, said that the school promised students their loans
could be worked off flying for Tab's own airline. Now, Roe has
joined with about 50 other students to sue KeyBank, which issued
the loans. Tab has also sued the bank, saying its shutdown was
forced by KeyBanks refusal of new student loans.
KeyBank has also sued Tab. You get the idea....
If the name KeyBank rings a bell...that's the same institution that
issued student loans to many of the 2-thousand-500 or so students
stiffed by Silver State Helicopters for as much as 70 thousand
dollars each.
Chaff Thin, narrow metallic reflectors of various lengths and frequency responses, used to reflect radar energy. These reflectors, when dropped from aircraft and allowed to drift d>[...]
“Today, XB-1 took flight in the same hallowed airspace where the Bell X-1 first broke the sound barrier in 1947. I’ve been looking forward to this flight since founding>[...]
“Teaming up with the EAA and Berlin Express for this event in Cincinnati will give warbird fans a unique opportunity to see the aircraft that helped defend freedom and gave t>[...]
Hazardous Weather Information Summary of significant meteorological information (SIGMET/WS), convective significant meteorological information (convective SIGMET/WST), urgent pilot>[...]
Aero Linx: The Nebraska Aeronautics Commission The Nebraska Aeronautics Commission was created by the 1935 Legislature to oversee the development of aviation in the state. The Comm>[...]