What you describe SIDSTAR is very close to the mark, the system works well. The 16 simulator details is progressively being increased to a much higher figure. The millions spent on an additional simulator, again, whilst expensive, saves many more dollars at other stages (before and after the Learjet phase) of their training.
In fact, yours truly has the honour tonight of operating a B777 with a "10 to 10" trainee, fully qualified F/O up to and below 10,000 feet, with an early stage trainee above 10,000.
At the Learjet stage, it's all Zero to Zero, with a fellow Cadet in the safety seat.
Best Regards,
Old Smokey