I was under the impression that the 'airlines' don't recognize the MPL and that was the problem?
I agree it's all JAA approved otherwise Flybe would not be able to put their cadets onto the line but I think if you applied to other airlines with the MPL it may prove more difficult than applying with a 'traditional' ATLP.
I feel its a cunning plan to stop people seeing out their bond and moving onto a better paid jet operator as few if any other operators will accept the license.
Don't get me wrong if I got offered the chance to get a sponsored course with a job at the end of it I would have gone for it. Just pointing out a possible down side to the new MPL which I'm sure the training provider would not make a point of highlighting