Also from OAT website
[/quote]
GCAT Flight Academy today announced that it has entered into an agreement to acquire Oxford Aviation Training (OAT) from parent company BBA Aviation plc for a total consideration of $63 million (£32 million). The deal is backed by GCAT Flight Academy's majority shareholder, STAR Capital Partners.
Specialist European investment fund Star Capital Partners have over £1 billion of equity under management and made their first investment in the flight training industry in February 2007 through the acquisition of a majority stake in General Electric Commercial Aviation Training (GECAT) and the entire share capital of SAS Flight Academy from SAS AB. The new group was named GCAT Flight Academy and overnight became the largest flight training organisation in Europe and the third largest in the world
So to be precise OAT is really part of GECAT and both are owned by an investment fund. Now I am not an expert in this but my understanding of investment funds was that they are there to make a profit?!
As for Treesavers
I would like to ask OAT students where they think the additional 30k goes?
Perhaps that answers that
Secondly is the fact that such a large group is formed not a cause for concern for smaller FTO's??? In other industries this would provoke a huge discussion regarding a monopoly situation. Why not here??
My search shows minimal comment so far
http://www.pprune.org/forums/showthr...academy&page=2
The question is not just is integrated better than modular but are all integrated courses considered equal???