If an asset sale takes place ( see SMH Dec9th ) this may all be staved off for a while but ultimately Qantas has the goods to sell and that's what the Govt expects them to do.
Not sure how much the others own as I thought they sold off their shares 12 months ago. If the price goes low enough, they could make a move.Depends on whether they are currently actively courting the institutional investors with any degree of success.
OR- ...? Who really knows, but beauty sleep awaits...