$1200 for a level D sim per hour is cost price? What nonsense. Pan Am are selling 320 ratings in a D sim for $12,000. Thats 14 hours FFS in the left seat and 14 in the right. That's not including fixed base sim of 8 hours also. That price also includes ground school.
The D sim in the USA would be around $500 an hour cost price.
MPL is a licence to print money for the FTO.