to be honest this makes the REX cadetship look cheap. If you want to be an airline pilot, how are you supposed to ever get a second officer job or junior F/O job without being a cadet... the REX cadetship only requires a 1/4 payment and the rest is paid back which would then mean they will definitely hire you because they want to make thier money back. if an airline expects you to fork out 154,000 and not even gaurantee a job then its not worth doing! who the hell can afford this anyway?!
The cathay pacific cadetship still seems like the best one out there...