I used the same web site you did to convert, and GBP 74,000 came out to USD 109,000. I think you may have coverted the backwards, which might explain the $50,000 figure.
Yes, you are correct. Oman Air and Kuwait Airlines use AFT because they require a JAA license or equivalent. We do plan to get audited by both of these Airlines/Countries soon, and hopefully become approved by them. We are also working closely with CARC in Jordan who have taken a decision to convert to a JAA system. They will start with maintenance facilities, and work their way to Flight Schools.
I realize these things take time, but Ayla is in this for the long run. Our commitment and determinition to establish a world class academy gets stronger by the day.
"The strongest trees are the ones that encouter the highest winds".