Thank you for your responses so far and the spelling faux pas correction. Yes I was clutching at straws but I don't put anything pass this mob!
What about if both domestic and International were technically operated just like Jetstar as subsidiaries of Qantas Ltd. Call them Qantas D and Qantas I. Is it at all possible to do a Virgin and shonk the system using a share structure that both satisfies the QSA and Air Navigation Act? The share purchase plan being conducted by the company at the moment is propping up the share price artificially but what ulterior motive could there be? What's to stop Qantas "I"
shares being held by a trust just like that of Virgin Australia Holdings as a wholly owned subsidiary of Qantas Airways Ltd? By restructuring, share ownership rules could be dilluted and perhaps attract the likes of Emirates into the fold. Over to my learned friends.