I imagine that Jerez is an independent cost centre within the BAe group, and thus will be required by the accountants to stand or fall on its own merits. There is little or no cross fertilization, as there might be if an airline owned the school, that could justify it running at a trading loss. I would not be surprised if the place has run at a loss over the last two years, and that the accountants' limited patience may have run out.
If BAe should decide to close down Jerez, I am sure that they would do it in an orderly fashion and wouldn't leave everyone high and dry. There would, in spite of that, be those who lose out. For example, should a student fail a check within a short time of any pre-announced final closure, you would not expect BAe to keep the place open to support that one student while the student receives remedial instruction and subsequent testing. I would hope that it may be possible for that student to be placed elsewhere - but it may not be.
Obviously, and finally, this is all speculation. We all got very upset when such speculation appeared about other schools a little while back, so let's not get too excited about this. I believe that the whole aviation market is on the upturn, and that the future is likely to be somewhat brighter. Hopefully Jerez will stay in business and go from strength to strength.
Scroggs