IMHO, I think the whole RedQ deal will not be approved (as per article in aviation week, and AFR). QF 'apparently' have the shareholders on side at the moment but if this falls through, thats a massive waste of allocated resources in the short term. And where to from there?....
AJ, how about concentrating on the simplest of solutions. You fix the product, ie. buy some 777ER's to replace the ageing 74's - you only need 6-10 in the short term, (they would fit nicely on the DFW by the way in the short term until the 787's arrive), stop allocating all the resources to the orange cancer as you know they wouldn't turn a solid profit without the backing of QF, invest in QF international - why not a PER-LHR direct in the non-winter months in a 787 with a red tail on it? Reinstate the LHR slots to QF and watch the cash roll in come the london olympics. Turn over a new leaf with staff and say 'your jobs are safe' - boost morale immediately, people are willing to work, smiles on faces (including yours you smug *cough*), and everyone lives happily ever after. It aint that hard!!!