How many other air forces farm out their core military training to civilian companies?
Well NFTC for one is a very similar setup and one which the RAF has been a successful member of.
MFTS in principle is not a bad thing as a concept...the execution is perhaps demonstrably a little off at the moment but there are probably some hefty mitigating factors?!
The setup in terms of infrastructure (ac/real-estate/IT support/sims) should mean that this system is world beating. Just not quite there yet sadly.