Malgus
If you search the numerous previous threads, you will see that the brief details so far are:-
The scheme seems to have no funding, other than the £147 entry fees. There would be income from students repaying their 50% eventually, but this would only start happening, a year or 2, after the first student goes to Jerez.
After deducting, VAT, costs of selection & admin, the chances of winning this "sponsorship", were estimeted by various PPRuNers, at between 400:1 and 600:1
Malgus has been going for about 2 years
So far as I can see, from PPRuNe postings, NO ONE has been sent to BAE Jerez so far, (but perhaps some will be this year?)
To be fair to Malgus, last year, when there were insufficient applicants paying the £147 entries, to fund even one student to Jerez, it was reported on PPRuNe that Malgus, refunded all the appilcants their £147 in full.