Why do you think QF won't carry through on its threat/promise to set up a new entity, when it's made that statement publicly and to investors?
Because everything else they have promised hasn't come true. Red Q, 787 order, SIN based SOs, The whole dream of the A380, Building a world airline with Emirates..... need I go on.
So with their past performance in mind what chance do you reckon there is of a complete restructure of their operation along with the loss of mixed fleet flying? There is a lot of corporate risk associated with just starting up a new entity and doing something that has never been done before.