T-Vasis, I'd say you're looking through one-eyed glasses. Every post is just QF propaganda.
QF are fine for choosing to go through Singapore and it makes sense, given the great circle route from Sydney to the UK inches past singa's. Good airport, economy of scale is there for hub operations etc etc. But from there...if you want to travel to anywhere else in Europe, QF have dropped the ball. And I think that's what everyone else is saying, and BA codeshare?? please Not everyone wants to fly low cost carrier in JQ.
Makes sense for V and Etihad to join together. Daily services, pooling of funds, plus exposure to each others network. More importantly for V tho, it opens up Europe to Australia and brings in Velocity points for flyers, something QF's FF program didn't want to share with Etihad. It's QF's big earner so maybe they didn't want to open it up, whereas Velocity is on the up so maybe less risk, who knows.
Either way it makes sense for both carriers...
Just a bit less propaganda thanks T-V! Rant over...