The ideal end game will be along the lines of:
Major base in SIN with Jetstar Asia and the premium carrier operating A320/A330 flying from there to all major cities in Australia. The ground staff will be contractors in Australia abolish the TWU influence.
Unlimited rights from SIN to fly wherever they want.
Destroy mainline international. The premium carrier will replace that. Codeshare with other carriers. Possibly get American to pickup the Pacific or if they can get the Premium Asian carrier to do it. Maybe Jetconnect with 777?
Abolish mainline domestic by playing the 'it's to expensive card'
Once they're all gone they go and repaint/rebrand Jetstar to Qantas and have
everyone in QF uniforms working on Red Tail aircraft again.
On the Red Tail the setup will be:
Jetconnect doing the Tasman/Pacific
What is now Jetstar Australia rebranded as Qantas Domestic.
The premium carrier in SIN picking up all the International flying hubbing through SIN.
There could also be a breakup in play too by where they supposedly run down QF mainline then flog it off to a private company who then either does a Gordon Gecko and sells it off or miraculously turns around QF mainline and paysoff Alan Joyce and Dixon in the process as with the last private equity bid.