Dean International, the flight school involved in a fatal crash last week, has shut down, the company announced Monday.
Dozens of students found out about the closure at a memorial for the four victims of the mid-air collision at Dean International headquarters at Miami Executive Airport.
Dean International's lawyers and owners decided to shut down and liquidate the company, said Robert Dean, the flight school's owner.
However, Dean maintained that Tuesday's crash was not the company's fault and that the planes were working properly at the time of the crash.
He said the decision was voluntary and the Federal Aviation Administration did not order the school to shut down.
The closure affects about 200 students at varying levels of completion in their training to become pilots.
Between 85 and 90 percent of the students are not U.S. citizens. The foreign students are expected to have issues with visas since the school that is listed on their visas is closing.