TabExpress??

[Tar Heel]

No TAB is grounded because Key Bank dropped them without notice. About a month ago the program had fifteen or so new students filing loan paperwork. When a call was placed to inquire where their funds were (around 100.000.00 each) the bank informed them they had been dropped. As a result the funds dried up and the "airline" and training departments ceased all flight operations. Apparently the bank has had enough of the company taking out sizeable loans without meeting repayment of funds. Anyone who attended TAB or knows a TAB grad can attest that getting "your" money back was quite a difficult and lengthy process in the end. Several people had to threaten legal action. And unfortunately, there are still individuals who are owed in excess of 40,000.00 from the company a mere twelve months after completing training! Currently they are trying to find ways to get back up and running but I cannot see that happening.

 

[moxiepilot]

No TAB is grounded because Key Bank dropped them without notice. About a month ago the program had fifteen or so new students filing loan paperwork. When a call was placed to inquire where their funds were (around 100.000.00 each) the bank informed them they had been dropped.

even if that is true, then the incoming revenue would be in the ball park of $1mil, and they still had to shut down operations? you cant tell me it costs $1mil a month to operate the "training" end of things. they were out of money long before Key Bank dropped the incoming students.

As a result the funds dried up and the "airline" and training departments ceased all flight operations. Apparently the bank has had enough of the company taking out sizeable loans without meeting repayment of funds. Anyone who attended TAB or knows a TAB grad can attest that getting "your" money back was quite a difficult and lengthy process in the end. Several people had to threaten legal action. And unfortunately, there are still individuals who are owed in excess of 40,000.00 from the company a mere twelve months after completing training! Currently they are trying to find ways to get back up and running but I cannot see that happening.

all the more reason to take your money to somewhere else.

 

[Tar Heel]

Just filling in a bit more of the puzzle for people. And no it would not surprise me if they were indeed bankrupt before Key pulled the plug. And I am not shocked that this occurred one bit.

 

[svcta]

If any of us have a hope to ever make a decent living flying airplanes then NONE of us can afford to PFT. It's places like this(gulfstream, etc.) and the people who fall for it who keep pay scales down. It's a critical issue at the regional level and will only work it's way up as time goes on. Head on over to the regional forum and do a thread search on PFT for some more perspective. Consider the big picture, and have a little dignity as a professional(even an aspiring one).

 

[sorenk]

Only reason Im considering an "acadamy" type place is because I'm older, 37, and have heard Regionals don't generally hire pilots over 40.

 

[say again]

Only reason Im considering an "acadamy" type place is because I'm older, 37, and have heard Regionals don't generally hire pilots over 40.

They do hire pilots over 40, if they meet the qualifications and pass the interview. An "academy" is not a bad choice, but there are many others to choose from without having to deal with the BS over there!!!



Anyway, I heard they were looking to hire a D.O. and a chief pilot!!! Some positive thinking going on over there. I would personally STAY AWAY!!!!!

 

[svcta]

He's right: Don't consider yourself less desireable because you're almost 40. That's no problem. Stay away from these PFT outfits. Truth is, that could be way more of a problem with some pilots on a hiring panel.

 

[moxiepilot]

Only reason Im considering an "acadamy" type place is because I'm older, 37, and have heard Regionals don't generally hire pilots over 40.

Don't believe the hype. I've found I can finish quicker at a non-academy place anyway. I've been to 141 schools and 61 mom & pop shops. Honestly, the 141 adacemys usually have too many students, too few instructors and couldn't care less about getting you done in a specified period of time.

The part 61 schools I have found have instructors enthusiastic to meet your goals, get you finished quickly and safely. I currently fly every day at a part 61 to build time and work on other ratings. At Both 141 places I have been to I flew 3 times a week at my peak, but only averaged 1 time per week due to other student ratio to instructors.

But all in all PFT with TAB isn't going to get you a job faster. They can hardly keep their fleet in the air, took a lot of folks money and haven't given it back, and haven't delivered what was promised.

 

[FlyWithSean]

Why wouldnt a regional airline hire a pilot at 40 years old??? You can possibly give that company 20 years until you can't fly anymore!!

As far as the fact that you need turbine time to get into a regional thats hooey. Scenic airlines right now will put you right seat in a 1900 with 600 or so hours. Thats Part 121 turbine, better than anything they could offer you at TAB or GStream. My point being why pay to sit right seat when you can do it for FREE!!!

 

[wheelsup]

they were out of money long before Key Bank dropped the incoming students.

Remember ATA (Airline Training Academy)? The same people running TAB were associated with ATA. Hmmmmmmmmmm....makes you think, huh?

~wheelsup