Looks like Ben Sandilands of Crikey fame agrees with you Blown n...
From
his article 13th May
Jetstar as a Qantas subsidiary doesn’t face all of the Qantas Sale Act restrictions on foreign equity, or Australian domiciled control.
In Jetstar Qantas has a true, cross-border franchising strategy that makes a nonsense of the legislative restrictions on Qantas equity and business conduct in the longer run, since nothing in the Qantas Sale Act prevents it from making as much money as possible from offshore investments.
It should now be apparent that under President Woods stewardship at least AIPA was to put up a fight.
The president of the Australian and International Pilots Association, Captain Barry Jackson, says his immediate concern is for the loss of pilots and engineering jobs from Australia to Singapore, now and as the momentum of long-haul Jetstar flights grows.
