When My Travel was called Airtours International, they had this scheme running with British Regional/Manx Airlines. Cadets would complete their ATPL training and then join BRAL on the ATP for two years before going on to Airtours on the A320.
My only regret back in 95 was that I didn't have a PPL so couldn't apply for the scheme. I seem to remember it worked well but only if the cadet had the right attitude towards learning the trade during their 'apprenticeship' on the ATP.
Also I've got to agree with Stu 88. The 757 was a solid machine - sturdy, modern enough but it still felt like a real aeroplane. Ahhh...I'd still give my right arm to fly one (although it'd probably result in my losing my Class 1).
If and when the scheme comes to life people could do a lot worse. Two good airlines with great aircraft with an opportunity to learn the craft of airmanship and some commercial savvy before being let loose on heavier metal. In the current economic climate it's a no brainer.
Let's hope it's the start of things to come.