Latest news with #AirServiceTraining
The Courier
23-05-2025
- Business
- The Courier
Perth auction for planes and helicopters with bids starting at just £200
Planes and helicopters worth tens of thousands of pounds are being sold at auction in Perth. The aircraft, assets of Air Service Training (Engineering) Ltd, are being put up for sale after no buyer emerged for the company. The business, fully-owned by UHI Perth, went into administration last month. It has since emerged that the company's debts exceed £1 million. Administrators from Henderson Loggie have now instructed auctioneers Sweeney Kincaid to sell assets owned by the business. The unusual auction, which has already captured the attention of aviation enthusiasts, includes several planes and helicopters used by students. There is just one catch – none of them are currently able to fly. Lots include a British Aerospace Jetstream 41 turboprop, a Cessna 310 twin engine monoplane and a Cessna f150M airplane. There are also two Augusta A109a helicopters. Bidding for the aircraft started at £200 for the week-long online auction. There are a total of 1,198 items up for grabs. Other lots include Rolls Royce engines, power tools and office equipment. The auction house states: 'All items offered in this auction are strictly sold as non-airworthy and are intended for training, display, or static educational use only. 'These components must not be installed on, or used in connection with, any aircraft that is intended for flight. 'By purchasing, the buyer agrees not to resell or repurpose any item for operational aviation use.' Bidding on one of the A109a helicopters has already soared, reaching £2,000 but the others remain at a few hundred pounds. All the auctions run until 11am on Wednesday May 28. However, the '10-minute extension rule' applies. If a bid is received within 10 minutes of the current closing time, it extends for a further 10 minutes. A 15% buyer's premium applies to all lots. VAT will also be applied. Payment is due by the end of the auction day. Sweeney Kincaid said: 'All assets are sold as is, where is. All engines, parts and aircraft are all incomplete to varying degrees. Viewing is advised prior to bidding. 'For all larger items requiring removal via hangar doors, collections must be agreed by Sweeney Kincaid in advance by appointment. In addition, satisfactory Risk Assessment Method Statements and relevant insurance documents must be provided.' Since its formation, Air Service Training trained more than 190,000 engineers and pilots from approximately 150 countries. The business had 28 members of staff when it went into administration on April 10. Air Service Training was earmarked for £8m of Tay Cities Deal cash to create a national aviation academy.
Daily Record
23-05-2025
- Business
- Daily Record
Emergency summit call for threatened Perth air training facility
It comes as administrator says no suitable offer has been made for the Perth Airport based business. A call was made this week for an emergency summit to save jobs and courses at Perth's Air Service Training (AST) facility. It comes as the administrator, appointed early April, said no suitable offer had been made for the business - despite interest from 51 parties. Assets are to be sold and it is understood staff have been laid off. The wholly-owned subsidiary of UHI Perth based at the city's airport employed 28 people and had trained 190,000 engineers and pilots from around 150 countries since it was set up in 1931. When AST courses ceased immediately last month – with the exception of the BSc in Aircraft Maintenance Engineering and Management programme set to continue until the end of the academic year – the situation was described as devastating by Perth MP Pete Wishart. Last week, UHI Perth principal and chief executive Dr Margaret Cook resigned amid what was said to be 'an extremely challenging financial landscape.' Perthshire Conservative MSP Murdo Fraser had suggested that £8.1m earmarked in 2020 for a Perth College Aviation Academy for Scotland (AAS) plan, under Tay Cities regional UK and Scottish government funding, could be used to restore cancelled courses. The plans envisaged 540 training places over the first four years of operation. Mr Fraser wrote to Scottish Government Deputy First Minister Kate Forbes this week to call for an emergency summit on how money can best be used to save AST jobs and training courses. Recent developments, like the resignation of UHI principal, he said, meant the future of aviation training in Tayside is more uncertain than ever. Mr Fraser added: 'I believe an emergency summit on how this money can be best used to save both the jobs and training courses which previously existed at AST, must be urgently arranged. 'The summit, which would include senior figures from both the Scottish and UK Governments, Perth and Kinross Council, UHI Perth and key stakeholders from Scotland's aviation sector, would discuss options on the best way forward on this issue. 'Holding a summit would see us working together to ensure that Tayside can continue providing world-class aviation engineering training for young people across Scotland.' AST administrator Shona Campbell of Henderson Loggie said this week: 'Despite interest from 51 parties, no suitable offer was received for the purchase of the business as a whole. 'As a result, an online auction of Air Service Training (Engineering) Limited's physical assets is now live and will close at 11am on Wednesday May 28, 2025. 'We remain committed to supporting students, ensuring they can complete their courses and receive certification for completed exams.' A Scottish Government spokesperson said yesterday (Thursday): 'Air Service Training was a partner in a wider investment proposal for an Aviation Academy which secured £8.1 million of capital funding from the Tay Cities Region Deal. 'We have been clear this funding will not be lost to the region and we will continue to work with regional partners and the UK Government to explore other viable delivery options. 'It is welcome that UHI Perth has provided funding to ensure that current Aircraft Maintenance Engineering and Management students can complete this academic year, and that work is continuing with alternative providers to identify longer term options for existing students to complete their qualifications.'
The Courier
22-05-2025
- Business
- The Courier
UHI Perth principal revealed £1m debts in failed business just days before resignation
More than £1 million is owed by a Perth aviation firm which collapsed into administration last month. Air Service Training (Engineering) Limited was fully owned by UHI Perth. It trained thousands of pilots and aircraft engineers since it was established in 1931. In one of her last acts as principal and chief executive of UHI Perth, Dr Margaret Cook provided a 'statement of affairs' estimating the debts in the business. Dr Cook resigned with immediate effect from her post at UHI Perth last week. It followed the revelation that the institution is battling a £2m deficit. The statement of affairs is a document provided by a company director giving their estimation of assets and debts at the time of administration on April 10. The document was provided by Dr Cook on May 8, and has now been lodged at Companies House. She stepped down just six days later following calls for her to resign from the crisis-hit organisation. The document shows current and former employees are owed around £417,000 in wages, holiday pay and pension payments. More than £158,000 is owed to HMRC for VAT, national insurance, corporation tax and student loan repayments. Debts listed as 'consumers claiming amounts paid in advance' – students and business who had paid for training – is another £486,000. The total Air Service Training debts are estimated as £1,053,000. Assets within the business expected to raise around £250,000. Assets include a cash balance of £133,000, trade debtors, machinery and vehicles. Dr Cook resigned as a director in Air Service Training on May 13. Since its formation, Air Service Training has trained more than 190,000 engineers and pilots from approximately 150 countries. The business had 28 members of staff when it went into administration. Air Service Training was earmarked for £8m of Tay Cities Deal cash to create a national aviation academy. Administrator Shona Campbell, of Henderson Loggie, recently said a closing date had been set for the business after dozens of enquiries. However, no offer emerged. She said: 'Despite interest from 51 parties, no suitable offer was received for the purchase of the business as a whole. 'As a result, an online auction of Air Service Training (Engineering) Limited's physical assets is now live and will close at 11am on May 28. 'We remain committed to supporting students, ensuring they can complete their courses and receive certification for completed exams.'
