$38,000 endorsement cost
And don't forget to mention in your letter that this endorsement is available elsewhere from training providers approved by CASA (US FAR 142 schools) at 50% less cost (even accounting for airfares and accomodation). Jetstar however, insist it be done with either Alteon or Air NZ, perhaps so that they can get kickbacks in the form of discounted sim time.
A cosy little arrangement indeed.