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OK, I wasn't entirely correct from what I heard, but this is what I found in the rule. Basically it says that an air carrier can offer the course, but it cannot be part of initial or new hire training and therefore must be separate. Since the airlines are not in the business to offer 'flight training' and lack the personnel, I doubt any of them will offer such a course, they will just send them to FlightSafety, but either way, it won't be free to the new hire.
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2. Training Providers
Due to the FSTD requirement in the ATP CTP, the FAA proposed that the course be conducted only by the following certificate holders who are approved to sponsor an FSTD under 14 CFR part 60: a part 141 pilot school, a part 142 training center, or a part 119 certificate holder authorized to conduct operations under parts 121 or 135.
Although part 121 and part 135 operators may elect to offer this training for their pilots, it would remain separate from part 121 and part 135 training requirements. Because the proposed ATP CTP is part of the basic certification requirements for an ATP certificate, air carriers who elect to offer this training would be required to provide the course to their pilots prior to beginning initial training.
That last part came right from the final rule also. I agree as it is written that 121, 135, 141 and 142 can all offer the training, but it is also written that it cannot be absorbed into or be part of initial new hire training. Places like FSI already have these programs in place and have already talked with several airlines which is why I would think that most, if not all regionals, will simply either send their new hires there, or they will have to take that course before they are considered to be hired in the first place. Bottom line that I see, is that the pilot will have to pay for it out of his own pocket. I just can't see the regionals laying out the money for this program.
It's Pay for Training all over again. Now mandated by the FAA instead of management.