Sounds like a reasonable suggestion,
Chilli Muscle (to everyone else except them) - the "initiatives" introduced are hardly earth-shattering...screw every worker`s salary down to as low as possible, if cheaper labour is available overseas set up an o/s base (complete with its own B.S. Castle & management, of course) and ship the jobs off Aussie`s shores.
My next move would be to set up an international lcc (again with more management, of course), charging them to work.
Yes, I`m sure there are PLENTY of well qualified graduates who would welcome the opportunity to whip QANTAS into shape with fresh, new ideas - for far less remuneration than the current team of hacks.
You could probably get
10 well qualified new managers for just GOD`s bonus alone!