Yes, but competition is *fierce* because of the fact that
1) From Ab-Initio to ATPL-all paid for by BA+job guarantee.
2) BA is a highly desirable airline to work for
In the UK at least, it offers opportunities unrivalled by any other airline, in terms of fleet, route structure & general lifestyle.
CEP/TEP (Cadet/Trainee Entry Pilot) is the name given to those on/applying for BA's sponsored pilot training.
It is the best way of joining BA, as you have the potential to work your way up the seniority ladder and *attractive* salaries that go with that.
As for other sponsorships, a number of other airlines award *part* sponsorships (you must pay perhaps a third of the cost). Again, stringent selection is carried out-and so it should be!
Amongst the airlines which award part-sponsorhips in the UK, at one time or the other:
Air 2000, BMI, Airtours, KLM uk, Atlantic Airlines, Virgin (only once-it is considering making another offer) and perhaps a few others, I am not sure.
Obviously BA is the first one to try, and theirs is a continous sponsorship offer (you can apply now, or in 6 months).
Although some people within BA are saying Rod Eddington (CEO at BA) wants to drop the scheme, because it is very expensive for BA. Noooooooo!!!!!
I saw the programme too, and the gleam in the eyes of the trainee as he climbed out of GLA at the controls of the Babybus (320) was very inspiring!
Emirates and a number of other airlines (CX) also offer sponsorships for ab-initio's but I presume there may be some citizenship requirements.
Some BA cadets get sent out to WMU for about 6 months, lots of nice weather!
Try this link (old) http://www.homestead.com/speedbird5/