Certainly nothing new to 200 hour pilots flying jets. It has been done since world war two by many major airlines and of course the military as well. I would think that airlines like Lufthansa, British Airways, Iberia, KLM, Sabena back then, Swissar and Swiss are not all that bad, despite using primarily 200 hour cadets as entry level pilots.
The point is rigid selection and training. And that is something many p2f airlines skip, selection is money available and training will be done only to a minimum standard to save on money. That is dangerous.