TAB Express Closes Doors | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 05.25.17

Airborne
05.22.17

Airborne
05.23.17

Airborne
05.24.17

Airborne
05.25.17

Airborne
05.26.17

Airborne-Unmanned 05.23.17

Airborne-YouTube

AMA 05.25.17

Airborne
05.22.17

Airborne
05.23.17

Airborne
05.24.17

Airborne
05.25.17

Airborne
05.26.17

Airborne-Unmanned 05.23.17

XPONENTIAL Innovation Preview -- www.allthingsunmanned.com

Thu, Jun 16, 2005

TAB Express Closes Doors

Student pilots training with TAB Express in DeLand, Florida, got something they didn't bargain for with their large (reputedly in some cases, up to $100,000) up-front payments:

Locked out.

Last night the five year old school abruptly closed its doors, leaving 49 employees and at least 80 students hanging. An unscheduled 135 commuter operation that TAB Express had operated as an adjunct to the flight school for about a year also shut down.

The company said it took this action "to insure the safety and well-being of its students."

This afternoon, TAB Express's websites were not operating.

Other flight schools in the region are considering whether they can do something, individually or collectively, to help the stranded students.

In a statement provided to local, but not to aviation media, TAB attributed its shutdown to "a dispute with Key Bank regarding funding of its students and operations of the flight school."

Key Bank is an Ohio bank that has been in the forefront of lending to pilot training programs -- not just TAB, but also many other professional pilot schools. Earlier this year, Key stopped lending, at least to TAB students.

In April, TAB filed suit against Key Bank in Federal district court in Orlando.

(DeLand attorney Timothy Fiedler, representing TAB Express, told the Daytona Beach News-Journal that since the lawsuit was filed Key has stopped lending to students at other flight schools).

TAB Express is well known through the industry for its large (half-page), full-color ads in glossy aviation magazines. In a 2003 ad that still touted the availability of up to $100,000 through Key Bank and a relationship with American Eagle, one of the selling points of the ab-initio school was that "90% of all flight training to FAA Commercial pilot license, instrument and multi-engine ratings are in a King Air turboprop, at prices most flight schools charge for training in a Cessna 172 or Piper Seminole."

FMI: www.tabexpress.com (Best Bones McCoy voice: "It's dead, Jim.")

Advertisement

More News

Airborne-Unmanned 05.23.17: Courts Nix Model Regs, Autonymous Flt, WATT 300

Also: King Schools Update, Kittyhawk APP, Robird And Integrated Drone Solutions, ICAO Drone Tracking The unmanned community got a bit of a jolt late last week when the US Court of >[...]

AMA Drone Report 05.25.17: Court Kills FAA Model Drone Registration, DJI Spark!

Also: AMA Reacts To Court, FAA Reaction, AUVSI Reaction, Kittyhawk Flight Deck APP Score one for us little guys... As you may have heard, the U.S. Court of Appeals in Washington, D>[...]

Airborne 05.26.17: Elvis' Jetstar, ACJ330neo, Redbull's Muroya Aims For Chiba

Also: Revitalizing The Aero-Verse, NAAA's Concerns, 737 Air Tankers, SD Air & Space Museum, LAX Mishap, Avidyne After sitting on a runway in Roswell, NM for more than 30 years,>[...]

Airborne 05.25.17: DJI Spark!, S. Lakeland Airport, Moon Rock Sample

Also: Airbus Corporate Helos, Airborne Expansion, Gulfstream G600, Gogo Business, MilFuel, Aerion And GE, Pro Line Fusion DJI has just introduced the Spark, which they call an "eas>[...]

Airborne 05.26.17: Elvis' Jetstar, ACJ330neo, Redbull's Muroya Aims For Chiba

Also: Revitalizing The Aero-Verse, NAAA's Concerns, 737 Air Tankers, SD Air & Space Museum, LAX Mishap, Avidyne After sitting on a runway in Roswell, NM for more than 30 years,>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC