with the oaa scheme they will pay the cost of the conversion if flybe tells you to bugger off
Personally, if I were going for this scheme, I would want that signed, sealed, written in blood with a personally signed bankers draft from the head OAA honcho in the envelope included before believing it.
This licence will benefit someone, sadly I think it will only benefit the airline operator at the moment as the finer details continue to be hammered out.
Oddly enough there seems to be little interest from the big national carriers who still require a full ATPL prior to getting into the recruiting page on their websites.