One thing guys, there is already competition in QLD, its called Flight West. Flight West are starting to make in roads on the BNE-GLD route and there are rumours of more EMB120's and at least another 2 F100's arriving and plans to return to most of the larger routes that operated.
Also Flight West already has a very strong connection with SIA through Aeromil, who are one of the owners of Flight West. There is no room for another regional airline in South East QLD. If anyone is going to operate BNE-SYD-BNE or BNE-CB-BNE(FWA did this in the 90's), it will be FWA. They have an aircraft that can do it, the F100.