Thanks G-SPOT Lost
I must admit I do not have that much experience on bizjets outside the well established operator we know so I was speaking from what I have observed from friends flying for various, small operators. One of my previous turbo prop GA job, had an initial sim but I was never sent for a recurrent. All done on the aircraft but that was nearly 7 years ago
It seems to me that many OPC/LPCs are done in the actual aircraft, during an empty sector, with little or no training element and most certainly no emergency decent, GPWS or TCAS warning.
From an insurance point of view though, is it not possible that the companies are happy with it as long as the box "received training on the 01/04/08" has been ticked ?
Good training remains the key though.