Well, as has been discussed before, the word "sponsored" is often a bit of a misnomer in the current climate - maybe "mentored" is better.
It is the Thomas Cook scheme at OAT and involves completing the standard APP FO course with a conditional offer of employment after training. Last year's cadets have recently received TR dates and basings and are soon to finish at OAT.
Those who required a loan to finance the cost of the course could borrow the full course cost from HSBC (who view the scheme as posing less risk to them) whereas usually there would be a £10k shortfall between the maximum loan available and the course cost. Other than TCX-specific SOPs taught in the JOC section, a jumpseat trip after the IR and a visit or two to the company facilities, the course is identical to the standard APP FO course.
On completion, TCX pays for the 757 TR (there is a 2-year associated bond). Cadets then receive a basic salary of c. £21k plus £12k tax-free per year (for the first 7 years). With other odds and ends this will probably total c. £35k p/a but only the £21k is taxed (at the associated rate). The £21k salary rises by c. £2-4k per year over the first 7 years.
Leaving before the 7-year period is up will obviously mean the loss of the £12k tax-free per year.
Cheers,
V1R