Pilot Training College Students left shattered after Government inaction – Ó Domhnaill

Two Donegal Students affected

 

Donegal Senator Brian Ó Domhnaill has slammed the Minister for Transport after he has confirmed in the Seanad this week that the 350 Students who lost huge sums of money following the collapse of the Private Training College (PTC) in Waterford will not receive any state assistance.

 

Senator Ó Domhnaill said; “The Minister has admitted that as much as €10 million may have lost by students, who paid an average of €85,000 each for the course.  I am awaiting a response from the Minister having raised this matter with him and also raising another of other issues relating to the new Pilot Training College which has been established.”
“The Minister has admitted that as much as €10 million may have been lost by students, who paid an average of €85,000 each for the course. Two Donegal Students who have put her life savings into the PTC have been now left with nothing.”

“For many of the students this was their life’s dream and to have it so cruelly taken away from them is heart breaking.  This Irish Aviation Authority (IAA) has a lot of questions to answer here, they were the regulatory body that granted PTC the licence to operate. The IAA also had to ensure that the company had sufficient resources to safely provide the training. It is obvious now that the PTC never had the resources available for the students to complete the course, so the IAA’s role in this needs to be further scrutinised.”

“It seems to me that there was light touch regulation and the IAA should have raised a red flag well in advance of the company collapsing. There may even be a case to explore whether the PTC were involved in reckless trading, which would then be a matter for the Gardaí.”

“The Minister has conceded that the Government will not provide the resources to rescue these students. Surely some arrangements can be arrived at between the IAA and the Government whereby the students can finish their training and get their pilot licences.”

“These students and their families are at their wit’s end, the Minister’s response will be of cold comfort to them and I sincerely hope all is not lost for hundreds of families affected by this.” Concluded Senator Ó Domhnaill

Posted: Oct 11, 2012     |     Categories: Uncategorized