Cabair International (UK) Limited
Rebecca Dacre and Peter Windatt were appointed liquidators of Cabair International (UK) Limited in March 2012. The company had started trading only a few months earlier, having purchased the business and assets of the Cabair College of Air Training (which had gone into administration some months earlier). Students of the company came from all over the world to learn to fly, hoping to go into careers as commercial pilots. Unfortunately many students were left significantly out of pocket when the company folded, as they had paid for their training up front. The liquidators sold the assets including several flight simulators, and are pleased to confirm that a dividend of 100 pence in the pound has been paid to preferential creditors, and a dividend of 7.7 pence in the pound has been paid to unsecured creditors (including students). The liquidation has now completed.