I have always had my money on the almost complete shutdown of 'QANTAS' as it stands with it to be reborn with the same livery, uniform etc...... One important difference though will be the fact that all will be crewed by one big workforce on Jetstar/Jetconnect (or less) terms and conditions. So as a Pilot you will turn up one day and fly a 787 in Jetstar colours and the next trip could be a Qantas branded 787. Whilst this massive restructure and change goes on he has conveniently set-up a code share with Emirates to take the slack during the 'down time.
The public won't give a toss if this happens, the big AL will strut around raving about how he saved the Qantas brand