VA split Int'l and Dom into two separate companys to allow a foreign carrier to buy into the DOMESTIC airline.
QF Int'l is the company that needs the investment from a foreign carrier, yet as I understand it, QF Int'l must still remain not more than 49% foreign owned. Domestic is already immensely profitable, so why would you need a foreign investor??? Unless you can transfer that foreign capitol from Domestic to International, I don't see how this would work as a strategy.
It is my understanding that neither of the Qantases could be more than 49% foreign owned because of the Qantas Sale Act. It would not be possible for Qantas to pull a Virgin and sell of the domestic operation.