Singo can't stop talking about getting 3 for 1, that is $3 Billion for $1 Billion. He & his cronies have an interest that extends no further than their own bank accounts.
Once they have their hands on the cash, Singo will perform emotional CPR and resuscitate & rehabilitate in the public's mind the QANTAS BRAND IMAGE of old, IPO it to the greater fools, and then it will collapse under its own weight of accounting trickery and fraud. That is one you can take to the bank.
Banker's like Carnigie will have already established an exit strategy prior to even contemplating an entry.
The fact that apparently rational people will consider this group to be viable in the long term as an alternative validates the Stockholm Syndrome.