In full agreement with SND. Why should his company go through the whole regulatory system at great cost only to watch SEPs tootling back and forth at TT, Deauville, Ascot, Turweston(Silverstone) et Al for a fraction of the cost with aircraft maintained on LAMPS, Pilots on a PPL with neither an IMC or Night rating never mind a CPL? Asking how many know of this going on is a waste of time. Ask how many don't.
It's dangerous practise and can bring GA only grief if allowed to carry on.
Keep the faith SND and don't stop banging your head against the wall, it will eventually collapse.