Mad if you don't vote. Whether other unsecured creditors will accept 5 cents in the dollar or just vote it to liquidation to piss a certain person off remains to be seen, so employee votes will probably decide which way it goes. The Administrator, who may end up with the deciding vote in a deadlock, could go either way.
If it does go to a Deed of Company Arrangement the interesting bit will be what future level of service the new owners would get from the same creditors, who will rightly feel that they were dudded by the old Ozjet.
For any new OzJet to rise again, some good guarantees and money up front will be needed. Money talks, bull**** walks.