Funny how no-one has commented in this in the announcement:-
OAT’s pro-forma revenues for the 12 months ended 31 December 2006 amounted to £18.4 million and OAT will become an integral part of GCAT Flight Academy. This deal will enable GCAT Flight Academy to further accelerate their implementation of the new Multi Crew Pilot’s License (MPL) training curriculum.
As virtually no UK airline is in the least interested in the MPL what market will they be aiming at?