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Congrats to your client. Not easy to get into an airline cadet program. @BobKamman said "What if he decides to work for another airline ..." Short answer is the contract the cadet signed. Cadet programs generally come with a 2 year employment commitment IF the cadet successfully completes the program. and is offered a job. (fwiw, they're entry level regional flying jobs at relatively low pay usually requiring relocation... you don't get to pick your duty station).
Cadet programs have been around for a few of decades. Acceptance into the program is competitive, requires testing and several rounds of interview as well as minimum pilot ratings, hours and, of course, a thorough background check....
When an airline does accept a cadet into the program, they have a pretty solid idea about the cadets commitment, determination, and motivation. The programs have a very high success rate. Some of the money the programs pay the cadet is defray a portion of the advanced pilot certifications and ratings. An IFR rating can cost >8K. and ATP rating >5K. ..
As for the question of 1099-Misc or 1099-NEC, I'd defer to the airline legal departments to have researched the appropriate classification. Yes, I'd put it on a schedule C subject to SE. There may be some reasonable expenses incurred but you'd have to read the Cadet contract. The cost of ratings or other training is not deductible.