Qantas is being deliberately ran into the ground by this management so the Directors of OrangeStar/ NewStar can put a bid together to purchase Qantas on the Cheap.
Very creative accountancy to make it happen but it will happen.
This enables the government to be saved the inconvenience of financing a bailout, and the embarrassment of QF failing.
It will allow management the ability to circumvent the Qantas sales act, then probably on sell Qantas to Singapore Airlines.
It also allows Qantas to be then based in Singapore, under Newstar/ orangeStar management.
Employment conditions can be based under Singapore terms and conditions, Aircraft depreciation can be reduced to three years and NO UNIONS!
No more pesky, expensive Australians, problem solved.
More needs to be researched by smarter people than me (any investigative reporters out there?) on who are the Directors of these companies based out of Singapore. I am finding it hard to compile a list for these entities.
I bet the grand picture will become clearer of Qantas's fate when these people are exposed.