Your BA analogy is a good one.
Can you imagine BA surviving if a completely different company held all the money and saw moving passengers around as discretionary?
Can you imagine BA surviving if this separate company decided that the future was short-haul and on delivery of new assets binned them?
Can you imagine if BA didn't shop around for the best deal on its aircraft and was directed to buy stuff from a failing company just to keep the workers employed?
We are directed to waste money and then blamed for that waste.
CAS has little or no control.