You need to go into this scheme with your eyes wide open, which is what most wannabe fugs don't do. Most are as naive as leedspotter. As previously mentioned the Atlantic Airlines, scheme is very different to the one operated in the past by the Atlantic Group. When the Atlantic companies were part of the same group, Fugs could do Air Taxi, Fisheries, Biz Jet's to quickly build their hours prior to the night freight work on the heavy stuff. Now, the game has changed. As a low hour pilot you need to be flying more than a few hundred FO hours a year. Spending week after week on hotel standby is not what you need to be doing. At the rate current FO's are going, it will be many years before they see the LHS of an Electra or ATP. Although, the cadets are okay within their limitations, they do lack the broad expereince of past Fugs and most will be sick of night freight prior to getting a command.
I still don't get what the company gets out of the scheme. In the past the Fugs have been treated as unpaid slaves which has paid for their training. Recently the company has been sued by some of its past cadets which has meant that they now need to pay the minimum wage and comply with working time directives. To me it just seems to be an expensive way to get low houred long term FO's. When the company works this out it could be bad news for the current batch of Fugs.