Joyce and Tino are both on the public result stating to all who will listen that if the EBA does not get up then they will set up a new entity to do the sunrise flying. Tino has even written formally to Qantas pilots saying such. There are some who think they are bluffing. Do you really believe these guys will bet their personal and professional reputations on a bluff such as this? Let’s assume they have and their bluff is called, how do you thing the Power of the Qantas IR machine is now looking? They have now left themselves open to every Union with in Qantas. Hard to believe they would set themselves up like this. These guys have form, and as has been proven in the past they will not blink at spending a fortune to get their way industrially. Backing down on their word is not a trait they have previously displayed.
No one likes the game they have played, it stinks, but they have painted the pilots into a difficult position. Risk vs Reward has been mentioned a few times, this is ultimately what it is coming down to. Do your own personal risk assessment, and be sure you can live with the consequences.