Originally Posted by
Hats.On.To.Fly
I just don't understand it from the business side. Leading Edge apparently couldn't pay their bills recently, and just opened a fair weather base and so have all the costs associated with that. It just doesn't add up.
The new base is a fairly derelict Spanish airfield with little infrastructure, probably a fairly good deal was done with the local government who will do anything for a drop of investment.
As for the programme, At a minimum with 1000 applicants to this scheme it is likely that Leading Edge will make enough in assessment fees to cover half the programme's cost, take on some others who will likely go whitetail anyway at their own expense and LE haven't really reached far into their pockets at all. Some would say it's more of a lottery.