Seems to be that the TR becomes 'free' to the cadet but the ATO is required to pay £20K to Ryanair to cover the 'free' bit at the time the cadet is enrolled, and therefore you can expect course fees for Ryanair 'approved' courses to rise by at least that. Not sure what happens to the missing £10K but Ryanair / Easyjet / etc have always bobbed the price of the TR up and down depending on what they think they can squeeze out of the market. Also note the ATO is being asked to pay Ryanair years in advance of any actual TR. Several not-very-happy 'approved' ATOs out there who think they are being done over.