More likely Qantas would spin JQ off. I don’t know why it has not been done already, but even if Virgin remains which is more likely, there is a very high chance that JQ is going to be spun off in some form. Financially they will need it, would be a big cash grab to assist funding upcoming Airbus orders and market downturn. A minor to medium share would remain, I can’t really see them disposing of it all together.
Doing this post a Virgin collapse, well the value would soar even more and would be a very attractive offer.
A Jetstar Asia and Scoot merger would make sense. The only issue would be the asking price for it. Jetstar Asia lease the whole fleet and is loss making, overlap many routes with Scooter so effectively the business is worth $0. They are facing the future prospect of going up against Scoot with a Fleet six times. That is only a few years away. Just piss it off.