Blueloo you are are correct, they are just gifting the routes to Jetstar. But I still don't think that Qantas group will give up the routes to Europe. If they can fly to Munich cheaper than a Qantas plane then they may as well do it now.
Also lets not forget one of the strategies of many airlines to cope with downturn is to open up new routes. Just look at
VB, opening up new routes all the time (CBR-HOB, CBR-Townsville etc)