I thought GD was refer to what may happen in the future....not that he was taking a skiing holiday in NZ and might take the check book with him!
Besides with QF and NZ it wouldnt really be a straight merger...QF would simply by NZ and operate as a subsid like JQ (expect full service)...
Slamer....thats a bit harsh...how is QF currently looking like AN? QF hasnt had years of loss making to date...like AN had when NZ paid twice its value just to stop SQ getting into it...