Dct_Mopas,
You have it exactly. UK FTO's, some big & some small have really made very unrealistic sales pitches over the years, to the extent i'm amazed that trading standards are not involved. I'm nearly a decade clear of those shisters who constantly plead poverty and operate tatty recalcitrant aircraft out of crappy little shacks but park a Porsche outside....But its a symbiotic relationship, the airlines get a continuous supply of cheap deluded naive P2's and the FTO's make good money out of training them up...and the regulator just lets it happen because no rules are broken, theres no safety issue (until a prang occurs that is....) & of course the FTO's pay fees to the regulator...........