On November 4, 2000, about 1500 eastern standard time, a Cessna 172P, N54729, registered to Airline Training Academy, Inc., operating as a Title 14 CFR Part 91 instructional flight, crashed while attempting a landing at the Inverness Airport, Inverness, Florida. Visual meteorological conditions prevailed, and a VFR flight plan was filed. The student pilot, the sole occupant, was not injured, and the airplane received substantial damage. The flight originated from Orlando's Executive Airport about 1 hour 14 minutes before the accident.

According to the student, he made two balked landing go-arounds because he thought he was too fast. His third landing attempt resulted in a bounced landing and an excursion off the right side of the runway. A depression in the grass area caused the propeller to dig in, and the airplane sustained a nose over.

According to an FAA inspector, the pilot landed the airplane on runway 19 at Inverness and departed the runway to the right at about a 30-degree angle. A depression in the ground caused the nose landing gear to dig in, and the airplane flipped upside down. The airplane received substantial damage.

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