.The "cadetship" gives young pilots guided training and fast track into a career at Jetstar. My opinion is that this pretty much qualifies for the description of "cadetship".
If you look at cadetships they offer to people while they study at university, you will find that the company pays for the training... Well that's the way they do it for every cadetship I have ever heard of offered at university.
I wouldn't it be calling it a "cadetship", you are pretty much "buying a job".