QF dude, I think you're right on the money.
So seeing as Tiger will now become Virgin's "Jetstar," I guess the question is, will they continue to function long-term as Tiger, or eventually be absorbed into the Virgin operation (i.e., Virgin livery, uniforms, ticketing, etc), but continue on Tiger T & C's? I'm thinking there's a few more guys that are wondering if they should have voted 'yes' to the EBA.
Huge respect for Borghetti right now. Whether it ultimately bodes well for us as crew from a long-term integration &/or dilution of T & C's remains to be seen, but there's no denying the man is one shrewd & ballsy operator at the boardroom level.