I've just applied for this, found out about very late (from Facebook of all places...)
Anyway, good luck to everyone who has applied - hopefully other airlines, even mainline BA (given the IAG link) may eventually follow this model. I'm sure the number of potentially very capable pilots denied a professional aviation career due to not having the £100,000 + most airlines require must be horrendous.
I'm 28 and come from an IT background so far but initially tick all the boxes, so we'll see
