Qantas should not be including Jetstar. Qantas mainline vs Virgin Mainline would be a fair comparison, no more than a $2b payout.
Might be different if Virgin had asked for the loan purely because of COVID and was otherwise in good financial health, but the reality is that there are significant structural problems that go way beyond corona virus alone.
perhaps they should only be given a loan, to enable them to return to the cash balance position pre corona, once they are fully operational. Then it’s just a corona impact loan.