Australia has sure became a aviation 'battleground' for the Private Equity Firms. the Qantas/Jetstar group doesn't have too much to worry about, even if the PE firms behind their 3 rivals decide to escalate a fare war even on niche routes in Bonza's case.
Out of 777 (Bonza), PAG (RexJet) and Bain (Virgin): who has the deeper pockets to survive.