Silver State Helicopters - Wikipedia The Free Encyclopedia

Look at the flight training helicopter air charter operators and tour Silver State Helicopters was sight. The company is Jerry Airola, was founded in 1999 by flying a Robinson R22 helicopter . [1] Silver State Helicopters, reported revenue of rapidly expanding U.S. , 7810 ten thousand U.S. dollars in 2006 and 4070 ten thousand dollars in 2005. See Also lender not broker . [2] silver state helicopter to abort the operation, to enter bankruptcy, February 03, 2008. [3]

[ edit history] to

The company was founded in 1999, Henderson Executive Airport in one Robinson R22 helicopter . [4] in 2007 entered the agricultural sector to purchase the silver state helicopters helicopter Central Washington . The intent of Silver State students, was to give an opportunity to gain experience while allowing for opportunities to advance their careers in the current pilot. [5]

The company is based on the model, and advanced flight training in 2003 , the U.S. Army for four tracker based helicopter training programs in all U.S. states, aiming to establish a school of the helicopter. Silver State Helicopters expanded, especially one that specializes in flight training at an unprecedented rate for a helicopter company. Its headquarters was 500 East Cheyenne Avenue North Las Vegas , Nevada There were about flight academies in the United States and 34 cities. By 2006, the company was 12th (bottom) of the magazine's list of top 500 private companies in the United States. Airola sold the company to investors in New York EOS Partners Silver State Services Corp. to create, in 2007 he is president and chief executive officer (CEO) from being moved, became general manager in place directly below. The plan was to give the opportunity to grow at an accelerated pace in the field of flight training and other commercial activities of Silver State. [1], [6]

Silver is the first state to invite interested people to come to seminars running a TV ad used in major cities, "an exciting career flying helicopters," a collection of promising students. Check out also lender of america . The seminar adopted, the helicopter rides a charismatic Airola to describe their future flying helicopters, "a carnival-like atmosphere" feature. Is expected to attract 100 people first recruiting seminars, Airola persuaded more than 1,000 plans that had great potential, was present. As a result, he has expanded his recruiting nationwide. [1]

Pitch Airola, the $ 69,900 in the U.S. simply as "investments" licensed commercial helicopter with an instrument rating in 18 months the position of the helicopter academy in the state silver for and certified instructors will take them from the ab initio said that the seminar attendees. Check out also lender not broker . Program of classroom instruction, unlimited use flight simulators at each location was carried out by a combination of helicopter flight time of 10 hours a week. [1]

Confident that admission, many students, and factors that were hired Airola promised themselves graduates of the most state of the silver. The company provides access to the loan application student loan writers and distributed. Former student, had a letter of acceptance was required to provide a loan of U.S. $ 500 application fee for them. Students were required to sign a contract with the code of conduct or the class to begin within three weeks of recruitment. Terms of student loans, the repayment at a rate of $ 1000 per month, whichever comes first conclusion of the instruction, or after 18 months, was included to begin with. The loan agreement, the company still students, assuming that it had been trained at these points, the clause will be paid one-third of the total at the end of the day from the start of training 30,60,90 is included. This meant that it was paid in 18 months of training just three months after the company completely. [1]

The first was interested in pursuing the Bank's status as a state of the U.S. Department of Agriculture Veterans Affairs so that we can provide training to veterans approved flight school. Check out also lender r44 . Regime, since the company was willing to meet, rather than the company abandoned those plans, rather than changing their lending programs, there is much more stringent requirements for a refund. Vice president of corporate business training, Randy Rou Reynolds, explained to inform him that the manager "We have completed 20% of these people. Check out also lender 00 ." Rotor & Wing "and Rawls's magazine company in an interview, the majority of students without incurring the cost of training voluntarily, leaving them with debts perfect for corporate financing and the intention from the beginning to stop the training after the first three months They explain that. many students, the location of schools, students and overcrowding due to lack of sufficient aircraft was a shortage of staff, training was abandoned. students will try to find a job when many forced to exit the train to, in a period of 18 months had they start paying back the loan, however, without completing their licenses, they did not complete the training without employment. Rawls, the management said that they have to stop accepting applications until the backlog is cleared, he was rejected, adoption has been enhanced. [1]

Contract of the company aircraft turbines, charter, fleet tourism will strengthen the position of the local school, it is profitable routes the ratio between the venue and recruitment in order to show that had many aircraft they are more was mainly used. This also meant that work did not have available for its graduates. The company through 2007, the recruiting and training more delayed, in order to raise capital to increase sales start your training aircraft from its fleet. Order is canceled for the simulator, the aircraft ready for delivery from the Robinson helicopters are not picked up. [1]

Randy Rawls summarized the philosophy of the company. "Silver State, please leave cares about getting paid for services that do not care about the state of silver is to provide the service." [1]

Silver State had expanded their business to the possibility of training air traffic air traffic control candidates through their academy in New Braunfels, Texas . Silver State has claimed 13 of the 15 graduates from the inaugural class was offered employment with their FAA . [7] [8]

Silver State had planned to open a flight school where another helicopter to Stewart International Airport, 50 sea miles (93 kilometers) north of about, New York City and establish a shuttle service from Stewart, Manhattan , end of 2007. See Also internet 1hour direct lender loans . [9]

[ edit ] Bankruptcy

Filed a petition in U.S. Bankruptcy Court for the liquidation of Silver State Helicopters under Chapter 7 to stop all operations at the time of the bankruptcy code and 1733 Pacific Ocean Standard Time on February 03, 2008. [3] At the end of the operation, the company's 2,500-year students were not warned of the bankruptcy filing was more than 800 employees. [10] in a statement released at the same time the company has closed down without warning is a "rapid, it was due to the unprecedented downturn in U.S. credit markets had reduced the availability "of its students, its student loan After this, the "rapid and sudden deterioration of the number of new entrants." resulted in [10] filed for bankruptcy assets of Silver State Helicopters, was listed on the next $ 50,000. Silver State Helicopters 5000 owes a debt between $ 10 and $ 50 million dollars. [2]

The company's Web site was removed by February 06, 2008 all. Started a special website for the Silver State Helicopters bankruptcy trustee, February 26, 2008. See Also internet 1hour direct lender loans . It listed five fixed-wing aircraft, 194 helicopters and disposal. [11]

In mid-February 2008, their lawyers and former students of Silver State announced that it was planning a class action lawsuit against the company and its owner Jerry Airola. They also announced that it may sue the bank lent the student loan interest rates and financing terms for the high. [12] [13]

Nicole Mon, spokesman for the Nevada Attorney General Catherine Cortez Masto has been shown that the Nevada Bureau of Consumer Protection, are investigating potential criminal prosecution. Some of the other 16 states had a silver state helicopter bases are considered also to pursue criminal charges. See Also liberty mutual lender . [13]

Key Bank was the leading student loan lenders for Silver State students, in which named as a defendant Pinnacle Law Group in San Francisco two law suits in California, as of 14 May 2008 representing the former students of Silver State. The suit, silver country and take out loans with the bank to pay the full amount of U.S. $ 69,900 in silver future state for their pre-flight training, "hook" students claimed that conspiracy. Pinnacle will also suit the consumer protection provisions of the federal government to require a bank loan documents "intentionally omitted" has been claimed. "We are contacting the credit bureau on the promissory notes from the force, and hope to get an injunction to prevent the bank," said Pinnacle attorney Kevin Rooney. [14]

[ edit ] Analysis

May 23, 2008 by U.S. Senator Bill Nelson ( D - FLA is called for) of the Federal Trade Commission indicates that he believes that there is a survey of Bank country Ponzi scheme . Check out also internet 1hour direct lender loans . Senator Nelson said: [15] [16] [17]

" "It was what the state of silver what you were taking $ 70,000 up front, and was using it immediately that, they will get a $ 70,000 per student, have gathered their As done with the money were, went to pay the costs of its students were trying to recruit more students are up or the end of this study for it if I can what, pongee a scheme. " [17] "


Rotor and Wing magazine wrote in March 2009, Ernie Stevens concluded as follows.

" It is Silver State Helicopters (SSH) Since then, shut its doors suddenly on February 03, 2008 was a little more beyond this year, out of business. See Also lender r44 . That day also marked the last time around. 2000 flight academy students saw any hope of training had paid nearly $ 70,000 in advance.

Perception - in fact very likely - since any fraud has been the talk of the helicopter industry. Check out also lender 00 . In fact, it has become a verb in some places: "If I sign up for lessons, I think silver is not a better state to me you. Check out also lender not broker !" [1]

"
[ edit original management] to
Officer Office
Founder and CEO
Chief Financial Officer
Chief Operations Officer, Flight Training
Chief Operations Officer, Commercial Operations
Chief Technology Officer
Chief administrative officer
Chief of Staff. [18]
Vice President of Legal Affairs [19]
[ edit ] Litigation [ edit ] Case of the Phoenix

In one case reported by the Las Vegas Business Press, Phoenix filed with the U.S. District Court case, the plaintiff in order to train helicopter pilots silver ambitious country, claimed to have failed to fulfill its promise . [19] case, but was fired in April 2007, the parties are negotiating to reach a settlement. [19]

In the case of Phoenix, the 18 plaintiffs in the state training school in Arizona silver, promised but not for its failure, including legal fees, $ 5 million, had demanded a minimum. [20] The plaintiff, Paul Mischel, one as advertised by Silver State Helicopters claimed refinance his house because he rated certificate / 7 helicopter was supposed to be completed in 18 months pay a $ 55,000 loan payment. Check out also lender r44 . 27 months to the program, he claimed that he only worthless certificates, they had three. [19]

Mischel and the other plaintiffs, the school they attended enough helicopters to teach a class in 78, did not have to argue with the simulator instructor. Mischel that he has completed his training, but in a structured way through the main bank loans, financial institutions argued that the state paid the full amount of silver in the 10 months already. See Also instant, direct approval loans . [19]

[ edit ] Cases in San Diego

In June 2006 a lawsuit was filed in U. See Also liberty mutual lender .S. District Court in San Diego, Airola 21 plaintiffs often claimed that he did not keep the promise. Plaintiffs refund of their tuition ranging from $ 50,000 to $ 75,000 per student is seeking. Silver State Helicopters, has argued that the refund of 21 to 19 students involved in a lawsuit in San Diego. See Also lender 00 . [19] [21]

[ edit ] Case of the Silver State Helicopters student debt settled

Student Loan Express , a member of the New York-based company CIT Group Inc. has agreed to forgive nearly 1.13 billion dollars in debt for a helicopter flight school students in the United States silver. California, Nevada, Utah, Florida, Georgia, Idaho, Illinois, Missouri, Montana, Oklahoma, Oregon, Washington, is 1.127 million contract, 12 states are involved. Loan Xpress, which depends on the amount of training that the student has successfully completed, 75% of the amount allowed to the majority of student loans and Silver State Helicopters 2700 the proportion of debt forgiveness per individual. [22]

Silver State Helicopter Squadron bankruptcy: [23]

Helicopter:

Fixed wing

[ edit incidents] to
This article incorporates public domain material from the U.S. Government document " NTSB aviation accident database . "

On March 27, 2007 Ponte Vedra Beach, Florida , R from the state of silver - 44 Raven II Craig Municipal Airport, suffered a mechanical failure resulted in loss of directional control. [24] Just pilot instructor and student applications Tamara Williams Wyatt Duncan led to loss of control of a fatal crash, killed 24 aircraft. The first flight was the fatal flight after it was contained in a 30-minute test flight before returning the aircraft back into service 300 / 100 hours of maintenance. Shannon's sister Tamara is a wrongful death lawsuit filed against Silver State Helicopters in August 2007. See Also lender of america . [25]

February 06, 2006 in Helena, Montana , Silver State R - 44 N7085U is a successful suicide attempt deliberately crashed its commercial helicopter instructor pilot. The pilot's intentional suicide: National Transportation Safety Board, as follows: the cause of the accident (s) are determined. Factor was a helicopter and impairment caused by alcohol abuse. [26]

On September 20, 2005 in Baker, California , Silver State R - 22 beta N957SH the positioning of the helicopter crashed while flying to new destinations each. When the helicopter flight took delivery of 12 new countries silver is made in the factory. See Also lender r44 . The accident pilot had been assigned to fly a helicopter in his North Las Vegas, followed by three other helicopters Robinson. The aircraft was located about 15 minutes apart. Pilot of the accident, starting Torrance Airport ( the Zamperini field at 25 o'clock local time 2:00) You've arrived at the North Las Vegas at 4:00 PM. Normal flight time for this type of aircraft on this route is 2.5 hours to 3. Pilot of the accident, rain, low clouds, flew into bad weather, including lightning and moderate turbulence. Check out also instant, direct approval loans . California Highway Patrol pilot, had warned the pilot of the accident earlier rain and lightning in the northeastern part of the route the pilot of the accident. Silver State Office the next morning, decided he did not reach the destination of the accident the pilot was to begin the search. See Also lender of america . The pilot was killed in an accident. [27]

[ edit References to
  1. ^ a B C D E F g h a i . Stevens, Ernie (March 2009), "Silver State Helicopters: what really happened" . http://www.aviationtoday.com/rw/training/ratings/30107.html . View May 24, 2009.
  2. ^ B Decker, Jeffrey (February 2008). "Silver State Helicopter files viewed February 11, 2008.
  3. ^ B Vertical Magazine (February 2008). "Chapter 7, Silver State Helicopters Files" . http://www.verticalmag.com/control/news/templates/?a=6605&z=6 . View Feb. 13, 2008.
  4. ^ Silver State Helicopter: History , at the official site, retrieved November 12, 2007 to
  5. ^ "The state of silver is to expand the field of Ag" . Rotor & Wing Magazine (today Air). April 04, 2007. http://www.aviationtoday.com/rw/topstories/10265.html .
  6. ^ Silver State Helicopters: location , at the official site, get the November 11, 2007. Check out also lender of america .
  7. ^ Silver State Air Traffic Control Academy (official site), you get the November 11, 2007.
  8. ^ "Silver State Helicopters to form partnerships with New York investment firm" . Rotor & Wing magazine (today Air.) September 11, 2007. http://www.aviationtoday.com/rw/topstories/15665.html .
  9. ^ "Set the northern U.S. flight schools in NYC Silver" . Rotor & Wing magazine (today Air). June 11, 2007. http://www.aviationtoday.com/rw/topstories/12396.html .
  10. ^ B Saini, Meredith (February 2008). "Students are left hanging by the closure of Silver State" . http://www.avweb.com/eletter/archives/avflash/1047-full.html . View Feb. 7, 2008.
  11. ^ Shepherd Rotorhub (no date). "Silver State Helicopters' helicopter 195 is disposed in the bankruptcy for viewing March 13, 2008. [ dead link ]
  12. ^ Avweb Staff (February 2008). "Building on Airola founded Silver State Helicopters lawsuit, the lender" . http://www.avweb.com/eletter/archives/avflash/1051-full.html . View Feb. 14, 2008.
  13. ^ B Avweb Staff (February 2008). "Fallout from Silver Satellites - a class action lawsuit is mounted in the aftermath of Silver State Helicopters" . See Also instant, direct approval loans . http://www.avweb.com/eletter/archives/avflash/1056-full.html . View Feb. 21, 2008.
  14. ^ Grady, Mary (2008). "Student lenders sue Silver State" . http://www.avweb.com/avwebflash/news/SilverStateStudentsSueLender_197873-1.html . View Feb. 14, 2008.
  15. ^ Jacksonville Business Journal (May 04, 2008). "Nelson is pushing an FBI agent to investigate helicopter school" . http://www.bizjournals.com/jacksonville/stories/2008/05/19/daily43.html . View June 08, 2008.
  16. ^ News4Jax.com (June 2008). "Senator calls for investigation after the school closed, student debt leaves" . Http://Www.news4Jax.com/News/16378087/Detail.html . View June 08, 2008.
  17. ^ B First Coast News (June 2008). "Sen. Bill Nelson wants federal probe in silver" . http://www.firstcoastnews.com/news/local/news-article.aspx?storyid=109788&catid=3 . View June 08, 2008.
  18. ^ Silver State Helicopters: leadership of the company , at the official site, retrieved November 29, 2007 to
  19. ^ a B C D E F Stevens, Ben (July 2007). "Silver State Helicopters, mislead the student pilot, the lawsuit claims" . http://www.lvbusinesspress.com/articles/2007/07/20/news/iq_15562455.txt . View Feb. 5, 2008.
  20. ^ "Students sue helicopter school: Company, doing course Williams Gateway airport - Tribune (Mesa, AZ) (May 10. [ dead link ]
  21. ^ Reviewjournal.com - News - Sheriff Candidates: Airola is facing a lawsuit
  22. ^ http://www.tri-cityherald.com/1154/story/769424.html [ dead link ]
  23. ^ Web site of the bankruptcy of Silver State Helicopters (no date). Check out also liberty mutual lender . "Assets" (PDF). http://www.silverstatehelicoptersbankruptcy.com/list_of_airships.pdf . Views March 13, 2008.
  24. ^ Den07Fa079 accident report NTSB: Robinson R44 II (N744SH), Ponteberude, FL, March 27, 2007
  25. ^ Kristina Abel, staff writer of the coastline (August 20,2007). "Family is sued in fatal helicopter crash" . http://www.jacksonville.com/tu-online/stories/082207/nes_192976819.shtml .
  26. ^ Sea06La052 accident report NTSB: Robinson R - 44 (N7085U), Helena, Montana, February 06, 2006
  27. ^ Lax05Fa311 accident report NTSB: Robinson R22 Beta (N957SH), Baker, California, September 20, 2005
[ edit ] External links

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