The students at Purdue also fly the 2 King Airs with instructors carrying staff to meetings. The students dont pay anything extra to take this course, unlike a lot of schools that do charge.
Your students in the right seat are ballast. they should take the (I'd bet around 20K) $$$$$ they are going to spend on this "type rating" and by Cessna 150 time. At 75/hour rental 20K would be around 250+ hours of PIC and skills like simple VISUAL APPROACHES and judgement/decision making that you are not going to get in some less than 20 hour simulator or "gemni" program in the VLJ. Plus the type is useless at 200 hours anyway.
Geesus Krist - can't people do it the right way. The hard way instead of taking the short cut all the time.
Student to airline WAY #1. Get comm/mel/cfi, instruct (traffic/patrol/banner ect.), fly 135, get 2000 to 3000 hours of teaching and flying pax/freight where you make the calls and run the show. Learn how to deal with checkrides (read 135 SIC and PIC and ATP rides).
Experience dealing with wx when you have to go in an aircraft that needs skill (read GA piston prop) to fly in WX and adverse conditions. Learn how to deal with a boss (read all 135 owners) that pushes you into situations that either bust open or push FAA regs and test the limits of your aircraft capabilities. Develop customer service skills dealing with wealthy pax who don't get told very often they can't do this or that or freight skeds that require demanding ontime performance.
Student to airline WAY #2. Go to college, study something other than "Pro Pilot" (i.e. get your comm/mel for way to much $$$). Then go to the military, scare the crap out of yourself/crew/wingman while learning all the maturing skills you need as a pilot then apply to the airlines.