Hi,
I think only one class would've finished at that stage which would put 29 of that 41 still in training. That still leaves 12 graduates and I agree it is a worry as to what happened to them. That said, it can't be expected that REX would instantly have 16 F/O vacancys the moment a class graduates.
I think the issue depends more on the content of the cadetship contract. The loan repayments come from your REX salary, but if you do graduate, but they don't give you a job, how are they going to get their money back?
By the way, after I sent my application in, the webpage reloaded and said something along the lines of: "Application sent, thank you" and that was it.
Edit: This news clipping from Aug 2009 says that there have now been over 60 REX graduates.
http://www.aapa.net.au/pdf/media/Pre...Aug%202009.pdf