Unfortunatelly, this type of thinking has spilled over to this side of the Pond too - that is what worries me. Just look at Smartwings single-engined flight across half the EU and many more of similar. I can only keep fingers crossed that EASA will not go the FAA way, but... almost all of the CAA job was already transferred to industry - Quality managers and internal auditors are pretty much doing what CAA used to do, CAMO organizations performing Airworthiness inspections and issuing ARC - all perfect opportunities for cost-cutting, shares/incentives increasing oriented management.