Mr. Brian Kealy:

The authority relied on what the company and the company's auditor's told it.

There were questions raised at the committee meeting in 2012 as to whether the company's auditors should be challenged in that regard, but I am not sure what happened. However, we received legal advice that we had no privity of contract in terms of our ability to take any action against the auditors because we did not have a relationship with them. It appears that the IAA relied on promises the company made. However, Ireland is not a big place and the industry is not big; therefore, everybody must have known pretty much everything that was happening. One of the notes I gave the committee notes that a person who was a director of the IAA was employed by PTC for a while. I say this not because I know that they did something wrong, but because it shows how small the industry is when there is this interconnectedness. I would be amazed if the IAA was not aware. For example, during 2011 PTC was in the process of being approved to act as a training company for Aer Lingus. For some reason, in the autumn of 2011, Aer Lingus ended that relationship. I would be shocked if the IAA was not aware that this had happened. It should have questioned about what was going on at that point. PTC stated it was trying to change its strategy, which was to move over to airlines and stop taking on retail funded students. It was trying to link with a number of big airlines, but it failed to get a number of big contracts and in the process spent a great deal of money. The most local contract was with Aer Lingus. How did the IAA or anybody connected with the industry not know that there clearly was some reason Aer Lingus decided not to proceed?