Yep fully fledged base trained in a real aeroplane First Officers. Fully funded by the the company with 9 year bond and slightly reduced pay until pay point 9 to cover costs then non cadet pay as far as I am aware although might be slightly wrong, but in principle correct.
Sounds like a very old school fully sponsored scheme which should be applauded in my opinion.
The new cadets will be made to feel very welcome because that is what we do internally with any new joiner regardless of background.
The scheme is very small in the big scheme of things and there will always be opportunities for experienced pilots. Not dissimilar to BA in that respect.
The bottom line is cadets recruited on ability and not ability to pay. Gets my vote.
All the best