You're possibly opening a whole can of worms with this one. You're right with the 1000 & 100 analogy, but they vary from airline to airline. These times, with the amount of pilots looking for work they can be selective and raise the minimums. About 3 years ago, at some places they were as low as 600 & 25.
Now, on to what you're talking about. The guy at Gulfstream with 260 hours isn't getting paid to be an airline pilot - he's paying Gulfstream to be one. Yes, you read that right. He paid the company something on the order of $18,000 to sit in the right seat of the Mighty Beech 1900 for 250 hours. After he flies 250 hours, he's fired. Unless, of course, he writes another $18,000 check. Oh, yea, and writing the check doesn't necessarily mean he makes it through initial training - and you don't get your money back if you flunk out. This scam has a name, PFT (pay for training), and it's not looked at highly in the industry, either. Would you be thrilled if the co-pilot of your flight was there because he could write a check, not because he was the most qualified? For that matter, do you know of any other profession where the one that should be getting paid actually pays his employer? Not me. Doctors don't, Lawyers don't. So why do pilots? It undermines the whole group when they let employers know they'll do "anything" to get flight time. Including paying for it.
Now on to the Northwest Airlink CRJ pilot. Chances are he's just finished his 250'th hour of Mighty Beech time at Gulfstream. Pinnacle airlines (the NW CRJ airline) has an agreement with Gulfstream where they will interview people from there even though don't meet their published minimums. Everyone else must meet the 1200 & 200.
Hope that answered your question.
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