That's inclusive of living expenses in Spain, at least for the next 11 months.
It still doesn't add up though.
If he went to a school like
Aerodynamics Malaga: FTO and Airline company then he would be able to complete the rest of his training there (HB/CPL/MEP/MEIR/MCC).
The advert banner above suggests they can offer JAR ME/IR from 9,490E which is pretty good from what I know. It shouldn't take 11 months to complete either so more savings can be made. Of course if he's planning on staying in 5* accomodation then that will bump up the price .... but not to 200,000Euro!