This doesn't surprise me. In this day in age it seems like the training side of aviation makes more profit then the transport side.
In this day in age its all about exploiting and capitalizing on someone's weekness. For example, you take a 350 hour pilot who can't find a job and is willing to pay money they don't have to get an unstable- low paying job- with no promise for a secure future. Now you take a commuter that's a sinking ship and a greedy-money hungry flight school and come up with some crackerjack Airline Training Program. This is just capitalism, but it leaves room for thought.
One thought is a pilot with 350 hours doesn't even have the mins for a VFR 135 Charter in a C-172. So what makes them qualifies as an "Airline Pilot" carrying 50-70 pax? You got me- but then again, I didn't write the rule book.
Now you can't blame the flight schools- them being scumbags in an industry standard. You have to bring into question the airline operations involved in these schemes.