I don’t think anyone fell for anything. AJ lips were moving.
When it comes down to aircraft purchases and leases, like fuel purchases, it is naive to say the Jetstar subsidiaries are going to ‘source their own’. More correct would be because of the different ownership structures, the percentage of lease/ownership payments owed by the various stakeholders is yet to be determined.
If these options are the cheapest going around, and the best allocation of capital is to Japan, Vietnam or Singapore then don’t kid yourself that the subsidiaries won’t get them.
The difference between 5 years ago and in 5 years time is that both the JQ and QF businesses will be mature. The Mainline 330’s will need to be replaced and based on a low cost carriers requirement for new a/c to make the business case work (less Maint and greater fuel efficiency) it’s still more likely the 787’s will be transferred to Mainline rather than visions of further JQ growth. Hell...JQI need to prove a ROIC first and that’s been tough even with big brother help. Both sides of the business will be fighting for the capital.