Anunaki/Contact Approach
The way that some of you are carrying on makes it sound like this is a con act. It isn't. It is a foot on the bottom of the ladder.
The problem is that today, far too many FATPL holders expect instant gratification and a seat in a jet immediately.
Not everyone can have that. It is a fact of life - supply and demand. In this case, demand (from the 200 hour pilot) far outstrips the available supply (from the airlines). Therefore, schemes like this are out there.
The brutal facts are these: with a FATPL you are not qualified to fly a 737 until you've been trained. With a FATPL, you also are not qualified to work in ops.
So, you may have the bare minimum requirements to apply, but you are not qualified.
So, this is an ops apprenticeship that leads to a pilot job - perhaps it should be advertised thus?
Either way, in a hopeless market, I think this is a fair opportunity.