I don't think there is a particular reason to think Cabair would be the first to go bust. They are consulting with their employees as they look to downsize.
That's not really a secret and I wouldn't read too much into it as I think all the other schools will be doing the same either already or soon.
The only sensible strategy is to pay as go. No reason at all why you can't pay a £1,000 a day by instant debit card if need be. Then your exposure is minimal. If they offer an upfront payment discount tell them you want the discount but without the upfront requirement or your business goes to a competitor. Turning away turn over is something none of the FTO's are in a position to do right now.
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