Great. Less flying for Australian pilots and more for foreign nationals.
Singapore has many advantages over Qantas, Virgin, and any other Australian company. We need a level playing field to start with, otherwise the government is just screwing Australians for employment opportunities. Things like the fact that the Singaporeans have government subsidies in effect and our carriers don't. They can keep updating and operating the latest and greatest brand new aircraft as they can depreciate theirs over 3 years. We have to depreciate ours over 12 in Aus. This gives them massive tax advantages for a start and is just one area they can gain a competitive advantage.
Can only be good for Virgin's chances of setting up a carrier to operate on the route in the future as well.
If they are to operate out of here, make them pay Australian tax, employ Australian crews and play by the same rules as everyone else. If they play by their own rules, then what good does that do for the Australian aviation community?