If Qantas fails will it be bailed out? Will the government bail it out?.
Suspect not CR. Best you could hope for, is to be paid what your entitled to by the General Employee Entitlements and Redundancy Scheme (GEERS). It was established to assist employees who have lost their employment due to the liquidation or bankruptcy of their employer and who are owed certain employee entitlements. GEERS covers capped unpaid wages, annual and long service leave, capped payment in lieu of notice and capped redundancy pay.
That said! Suggest all concerned do whatever needs to be done to keep Qantas solvent. A dead Roo, would be a
disaster for shareholders and staff alike. Best not to think about it.