Originally Posted by Bob Viking
No government wants to stump up billions in one go. Spreading the cost (even if it turns out to be far more expensive in the long run) is how governments work.
You know all of this as well as I do.
Thankfully,
PFI is now largely discredited - and rightly so, as governments always could borrow far more cheaply than businesses. Unfortunately it was discredited slightly too late in the day to stop the AirTanker and MFTS contracts, the latter signed when IPS was at a historic low, and as you rightly say we are stuck with the consequences.
Firstly let me say that the part of MFTS that I have experience of is working fine. A decent sized fleet of new jets with a huge new building, decent sims and new engineering facilities is not a terrible place to work.
The only test of that is whether FJ OCU slots are being filled on time with suitable candidates...