A disgraced pilot has been ordered to repay just £168 after he secured a £77,000 loan against a flight simulator which did not belong to him.
Craig Seville, 46, had several successful aviation businesses, and flew around the world with his former employers DHL. He also ran The Flight Academy from Blackpool Airport.
Between 2010 and 2012, Seville splashed out on a professional flight simulator, valued at over £100,000 for use in his flight school. However during this time he fell into financial difficulties and used the equipment as security against a chattel mortgage to be secured against the flight simulator with an investment firm.
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However Seville’s difficulties did not end there. Approximately 12 months down the line, the pilot needed further cash and convinced one of the students of the flight school to loan him money.
(Image: Blackpool Airport)
Seville, of Manchester Road, Rossendale, offered the flight simulator as security for this loan even though by virtue of the earlier chattel mortgage the flight simulator was not his to offer. When he failed to keep up with the repayments, he claimed to be in debt with a loan shark in order to convince the same student to restructure his existing loan arrangement with him and secure further funding from him.
In 2012, Seville, still struggling with his finances, managed to…
