Hi Matt.
I thought the scheme would be popular but 20,000 applicants? Sounds a little high to me. Not sure there'd be 20,000 people out there (plus those who haven't applied for Rex but still want to be Commercial Pilots) wanting to become professional pilots; perhaps there is?
As for Rex spending big on building a school. Well, it is not just to train first officers for SAABs but it is more likely to be PRIMARILY a school to train Asian pilots. Apparently that is where the money is. Rex has invested in a "sausage factory".
You're right about the negativity on the net regarding the scheme but I would have expected some positive feedback from some of the earlier graduates in support of the scheme. There hasn't been much of that for some reason. Maybe those graduates couldn't be bothered responding?
In any case, when reading the "fine print" in the Rex material, I see that promotion is dependant on passing certain courses and running those courses is up to Rex themselves. That would mean they can control your rate of progress, ie they can keep you in the right hand seat for as long as they like. That could be a problem!