Another advantage for TCX for this scheme is that they will have full access to all the cadets' sim check reports and any other information about their performance held on file. That way they could see it as mitigating the risk of taking on an unknown quantity, and can reject pilots if performance is not up to their standards.
I must admit I find it strange that TCX would pay for an employee to work for another airline!
An advantage for Flybe, other than the fact it is free labour, is that they can place the pilots at the less favourable bases and will not have to care as much about looking after the employees as staff retention will not be an issue.
It will be interesting to see if they come up with a similar funding arrangement as is used by CTC and that I believe TCX have used in the past (whereby repayments for training loans come out of salary before tax).