Hi,
I am currently a student at Airmed and I can assure you that they are a well established FTO training for a JAA ATPL licence. They are fully approved and have the ISO9002 quality rating.
Students can go immediately from graduation to the right-hand seat of any european airline.
I know that the price is really unbelievable, but it is and your licence will be exactly the same as one from Oxford for example.
I am very happy here, sure there are some minor problems, like the new A320sim which had a delay in installing (used for the MCC/LOFT) and a chortage of planes, but they have been taken care of by the addition of 5 new Piper28's.
Flying in Spain is really a lot better than in Northern Europe, here we are trained from day one to fly from an International Airport (Valencia LEVC) with its commercial traffic, communications and procedures. Also, we end with 40h on the A320 full motion FNTP2 sim.
Courses are completely in English and notes come from Oxford now (used to be Four Forces).