In brief: McKennas advises on MoD contract

McKenna & Co's corporate partner Richard Price has advised a unique consortium that has won a £500m 15-year PFI contract from the Ministry of Defence to set up and run the army, air force and navy helicopter pilot training school. It is the largest PFI contract the MoD has so far awarded. Price commented: "It's an unusual contract. The forces have combined to say to industry: we'll pay you to have helicopters on the pads with instructors. I suppose it shows you can have a PFI contract for anything."