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What makes me say they are, get ur facts right buddy. Most airlines including kingfisher /Indigo are giving students a choice between TR at simcenter or CAE. A big chunk leaves for simcenter over the next 2 months. What world are you in.? And an LOI clearly states appointment as trainee copilot in the airline on succesful completion of type rating.*/
A LOI (Letter of Intent) is nothing. If you are getting a LOA (letter of appointment/offer letter) then go for this with your eyes closed.
A company can straight away dis regard any LOI, stating that there was an intent of a job but due to present circumstances, there is no job opening .. blah blah... end point, a LOI does not legally protect your intented job.