The key players in this are Singapore Airlines, Air China plus Cathay Pacific (30% cross shareholding) and Alliance plus industry super funds. Cathay leaves One World and joins Star. Singapore makes the running with Air China and Cathay Pacific in the background. Alliance takes VARA and a holding company with the above shareholders re-launches VAH as Star Alliance Airlines. Administrators return all leased aircraft. There will be no shortage of aircraft in the above fleets to supplement growth. Possibly the Government allows some wet lease cabotage for widebodies to do transcontinental. There is a loyal customer base that will remain loyal, especially if AJ continues at Qantas.