Bain will sort Virgin out, possibly resume some international ops and sell in 2-3 years.
New owner will also acquire Rex.
Thus QF have Jetstar and Virgin have Rex, being an airline with a great regional and domestic network and limited international ops that can be sensibly expanded.
Virgin have 737, SAAB and A330/777 and that’s it. Sensible fleet structure.
QF have A380, 787, A350, A330-300/200, 737, 717, Dash 8 400/300 with all the inherent cost inefficiency such an unnecessarily complex fleet structure entails.
Ansett collapsed for exactly this reason.