NZ will be to Australian aviation what India was to the computer industry. Because of their low wages, more favourable IR legislation they will drive Australian pilots wages down. QF will use Jetstar NZ against the OZ Jetstar and another company maybe jetconnict against mainline. So lookout people.
Pac Blue could be used the same way against
VB if they're not careful.
However it does make you question the whole point of the QF recruiting system if they are happy to offload the red tails to the cheapest bidder.