I’ve been through it, yet I’m the clueless one. Right.
Now, what you just said would actually be illegal.
Replacing current fleet with a new entity, and then making the crew of the old fleet redundant would be a clear case for transfer of business.
Before your time, but when Jetstar was expanding, and QANTAS stagnating, an MOU had to be negotiated to allow QANTAS pilots to take leave without pay to fly for JQ. One of the main reasons for this MOU was to avoid any potential for AIPA taking action on that front. Closer to your time, a comfort letter was provided to the company by AIPA to remove the legal threat to allow the Network A320 operation in PER.
QANTAS knows it’s sailing perilously close to the transfer of business rocks. What you’re seeing in your crystal ball would be so far into the transfer of business abyss they’d be tied up in court for years.