TC - I think the last sentence should be
'MoD, having lost all interest in UK SAR, stops paying 70% of the bill leaving the treasury to use up all the profits Northern Rock will have made by then
to fund the shortfall. Then in 20 years the NAO asks why we didn't just leave it military and buy some new aircraft instead. Meanwhile having got the £5Bn contract, First Reserve asset-strips CHC selling off the UKSAR as a going concern to a French utilities company who renegotiate the contract bumping up the cost to the taxpayer so they can give their directors and shareholders big dividends.'