3... Immediately announce combination of Jetstar and Qantas.
Another possible scenario, significant players buy out of Jetstar, IPO on to unsuspecting mum & dad investors. Retire to Bahamas with loads of gold in the bank.
Qantas free of Jetstar rebuilds with less aircraft types, kicks onestar out of terminals and/or charges commercial price for all services.
Only spanner in works is raising $$$ for buy out to satisfy the main Q shareholders, hard to borrow in today's market????
