A possible scenario after watching the 7:30 Report interview and reading
this:
QANTAS will basically become a shell that complies with the QANTAS Sale Act (51% Australian owned and based in Australia) but its aircraft will be crewed from overseas (pilots perhaps on Australian licences but employed under Asian T&Cs'). The number of actual QANTAS aircraft will be quite few and only on high value routes.
The other companies in the jet stable (lets leave out QLink for the present) will be basically overseas based, overseas T&Cs', overseas based crews.
An abject lesson on how to destroy an icon for the benefit of the shareholders.
Please note that this is only a possible scenario put up for discussion.