Lowerlobe,
Rightly or wrongly, Qantas obviously felt there was a better return for shareholders with Jetstar getting a percentage of new aircraft.
The board can't see past it's financial nose to realise that they are losing much more than money, what with maintenance and service delivery components of the business heading south at an ever increasing pace.
It would seem that the Jetstar experiment may become the mainline of the future if GOD's successor pursues the same policies as he did at JQ.