So the finances of the PFI might be in disarray, the contract hasn't been signed, the actual in-service date is unknown, the capability of the aircraft as a tanker will not be optimised and the FSTA version will have no capability to receive.
What good news has come of the project in recent times?
Peter Hain is currently available for fund raising, perhaps he could step-in. And perhaps a revised financing consortium, involving Northern Rock and Société Générale, with a financial team led by Jerome Kerviel?
