It's very simple folks and it is exacrly as I, and others laid out after the appointment of Joyce.
The APA folk did not go away after the failure of their bid for the airline, they decided after the collapse of the sharemarket in 2008 that perhaps they could buy Qantas for a song.
Joyce was set up to fail. He has not disappointed his backers. Red Q, the entire Asian strategy, the promotion of Jetstar over mainline, fights with engineers, the debilitation of international, and the destruction of staff morale were music to Carnegie, Dixon and companys ears. This is what they wanted, expected and prayed would happen - leaving the Qantas share price around a dollar and ripe for their tender ministrations.
..and now we know they had an investment vehicle all ready and waiting.
Except they forgot just how dangerous a stupid person can be. They are always a Two edged sword, cutting off the fingers of those who try to use them.
And Joyce did the one monumentally stupid thing that Dixon, Singleton and company deplored - he invited an even bigger predator than DIxon into the fold - Emirates.
That is why SIngleton went to the press - "Curses! The prey has slipped from my grasp!" was the actual message he sent. Now Emirates is going to feast on the bones of Qantas, not Singo.
That is all there is to it. If Carnegie, Singo and company get control, Qantas is going to get asset stripped of Three billion in cash in the time honoured manner - pay management and success fees. Exotic financial instruments, etc.
Singo will be in charge of repairing Qantas battered public image. Dixon will knife baby Jetstar and roll it back into Qantas. Pressure from the lot of them will see foreign pilots and staff take over on peppercorn salaries. Maybe the Qantas sale act gets repealed.
And everyone lives happily ever after... except the poor Australian travelling public.