Easy Street, I think you've got it in one. It may not be financially viable for FJ training (or ME/RW) to continue in UK, but it probably will.
Rumours are that MFTS, as we know it, is dead in the water. However, the fleets of aircraft will still need replacing, presumably, so if not MFTS, then something else similar instead??
Oh yes, and only 2 bidders for RW doesn't look healthy either, particularly when one is on his own (not a consortium). Is that the first sign of the raspberries from industry? With SAR-H also on its knees, the PFI route doesn't look particularly rosy anymore.