Officer Kite - well said. At least with CTC you get a GUARANTEED position on the RHS obviously bearing in mind that you pass every stage, including the stable approach and landings on your Line training
....the starting salary is also very good and you start on a career airline... This Air Arabia MPL is a joke, sure lets say you pass, but where in god's name do you balance out your investment? The housing is poor, the salary is poor for a while and the risk is just too great. Even if you get the inital money, no bank is gonna offer you MORE for this security bond/living expenses.
Also remember, an MPL allows you to fly on a specific type, for ONE (1) airline. For those thinking of going to Air Arabia and then simply changing airlines, until you an an ATPL forget about it. So at any point if Air Arabia leaves you hanging, good luck trying to get an airline to hire you.
There are far better options!