From QANTAS' press release:
Mr Dixon said the airline would also take over some current unprofitable Qantas routes from which Qantas intended to withdraw over the next six months.
He said Mr Adams would be joined by a small team from Qantas to finalise a submission to the Qantas Board and begin initial preparations for the airline's start up.
"We will work with the relevant authorities to obtain an airline operating certificate, as well as approvals for traffic rights and the Australian Airlines route structure," he said.
"Plans regarding fleet, livery and the headquarters for Australian Airlines will be announced in coming months.
"We are very excited about the opportunities offered by this new airline, which would not be possible under the existing Qantas cost structure," Mr Dixon said. "We believe the long term growth prospects for Australian Airlines are very promising, with benefits for employment and tourism."
You mean it's
cheaper to setup, register and establish an entire new airline, and operate these currently unprofitable routes, than to use an existing, established company???!!!
Looks like QANTAS employees are about to enter a new era of industrial relations
to me!