SilverState Helicopters to close doors

[414Flyer]

http://www.fox12news.com/Global/story.asp?S=7863546&nav=menu439_7_6

Idaho Attorney General looking to hear from former Silver State students who lost money

"Again, if you are a student of Silver State Helicopters, officials at the attorney general's office want to speaking with you.
They can be reached by calling 334-2424, or by obtaining a complaint form on the website www.ag.idaho.gov."

 

[propsarebest]

FYI...

There is a GREAT article in this month's Aviation International News about the end of SSH.

 

[Jetsetter]

Is that the same company that was on the TV show with OCC ?

 

[TWA]

There is now a list of assets for sale! Any takers for a few slightly used R22s? http://silverstatehelicoptersbankruptcy.com/Assets.html

 

[propsarebest]

There is now a list of assets for sale! Any takers for a few slightly used R22s? http://silverstatehelicoptersbankruptcy.com/Assets.html

Funny, in their filing, they mentioned they only had 20K in assets- that's why they can't refund any student funds.

 

[TWA]

Funny, in their filing, they mentioned they only had 20K in assets- that's why they can't refund any student funds.

That's because the assets listed there are already spoken for. All aircraft were listed as collateral for their $50 million line of credit.

There have been all sorts of rumors going around about helicopters being moved around and sold after the bankruptcy filing, so definitely do not purchase site unseen! If this doesn't bring down the price of R22s, I don't know what will!

 

[propsarebest]

If this doesn't bring down the price of R22s, I don't know what will!

I for one, hope it does. Those ****boxes are worthless. Train in a 300.