It would seem that the benefits would be the guaranteed (?) position, as well as the bond repayment. It doesn't, at this stage, state how long a period this is repaid over.
Maybe it's just because it's late and my brain is shutting down, but it seems to have been explained a little fuzzily. It states that APL will sponsor and pay for all training and associated costs. It then states that you have an additional two payments "The first is due prior to you commencing flight training in New Zealand and totals NZ$33,900. The second is due prior to phase 4 of the training programme and totals £11,940.". So, at current exchange rates, just under £31,000 for these combined. This doesn't appear to be covered as part of the sponsorship.
It states that you'll receive a "cadet entry salary" as well as repayment of the bond. Without knowing the figures of both the salary and the schedule of bond repayments (and whether the bond is repaid tax free) it's a little difficult to gauge. Who knows, could be a good deal? The information with which you could make an informed decision isn't there as of yet, but in the FAQ section it states "TBC" alongside each of the financial questions so perhaps it's coming. Looks on the face of it that the whole programme costs roughly £100k, of which £69k is ultimately repaid by Easyjet. Depending on the salary and how the bond's repaid, it could work out financially better than going through the "wings" course (assuming the bond is repaid tax free and the difference between the cadet salary and whatever you'd have otherwise have been paid on flexi isn't disadvantageous), but that's pure speculation on my part.
It does seem neatly timed with respect to the FPP day of reckoning. Pure coincidence, surely?
