Well from what I've heard the first batch will not graduate till the middle of next year. As for the jets they are planning to get for training purposes, DAEFA has almost finalized the deal with Cessna for the twin engined Citation Mustang as you must know that Eclipse has been eclipsed. Having no buyers for the company, they had to shut down and DAEFA had to change its standards for aircrafts.
The screening program is very intense as these first few cadets will make the base of this academy worldwide. Quality is much more important at the moment.
Job placement is not guaranteed from the academy but they will do their best to highlight you amongst other potential candidates for the job.
I read a few posts about DAE shutting down. That is not true. DAEFA is doing fine as of now and should continue to do so unless the recession becomes a depression and even then theres no saying that it will shut down.