No offence,but I hope you won't do it over here in Europe!I see that you're from India?If you want to diminish the industry standards over there be my guest, but don't ruin it for us over here! 60K euros for line training is a joke.I wouldn't do either, with that money you can get 10k and treat yourself to a FI rating and you'll be respected by your profession colleagues instead of being treated like dirt like Pudoc says...
The other 50K instead of giving to some blacklisted airlines,there are plenty of charities supporting children in Mumbay and Delhi that I know,I can pass you the website if you want?....sorry but this people never learn