Inuk. That's pretty much it. Info is seeping out in bits and pieces from various sources. The new ACE will no doubt do things somewhat different but much of the past culture is still there.
Slowstream. In the past there was a point system, ie military experience was worth so many points, university degree so many and so on. It won't be just one thing that gets you in. Being "born to an AC father" is only worth so much contrary to the ignorance stated by someone else on this forum. Past airline experience, especially turbine/jet is worth its wieght in gold.
Good luck.