I went modular route and it has cost me about £35,000 in total. Just because you get involved with an airline does not mean you will get a job with them at the end of it especially if you paying for all the training in advance.
All the Aer Lingus cadets from 2001 have a story to tell and if any of them are reading this, may be they would like to tell these so called BA Connect cadets??? what happened to them in 2001.
My advice is go modular and save your self a load of cash. The market is picking up.
Good luck to all which ever way you go.