I have been looking for the same answer for quite some time now but I couldn't find a clear statement about it... It seems like those 250 hrs PIC time could be also as "SIC per forming the duties of PIC while under supervision". Does anybody really know anything about it? Has anyone been in the same situation? I currently have 1550 hrs Total Time, I meet all the requirements for the ATP (XC , Instrument, Night) except for the PIC time. I only have 28 hrs as PIC in my so-far-limited aviation career. I have lots of hours in ME acft requiring 2 pilots and a FE and many times I was either "manupulating the controls" or "performing PIC duties under supervision". That way, I would meet the PIC time as well.
Ciao everybody