Judging by an article in the Fin Review today, it looks like SQ is waiting to see the result of a QF stake in Air Nz.
If Air NZ goes to One World, chances are that SQ would start in its own right domestically. According to the report, this would cost Air NZ around $ 40 million and forms part of the QF - Air NZ talks.
On the other hand, if QF can be lured to Star Alliance, forget any direct SQ domestic operation in Australia.
Anyone have other ideas on the subject ?