Dear all. As the originator I don't think I ever said OATS was going bust. All I suggested was that the present changes may not have finished.
If they are downsizing by 22 Instructors in the present tranche, and selling airframes, the school cannot be as busy as it was. It may look busy if you were not there to make a comparison with it at its best. SECOAT, PPSC, TRENT, SFT et al were busy up to the receiver moving in. The flying school isn't raking in cash. More changes may be in the wind.
In view of the response, Smoke without fire and all that.