Thank you DrPepz for you cogent & insightful analysis, your thoughts are always welcome.
As to whether Jetstar Asia has made a good return on investment, has been positive for shareholders, or whether there is a leasing rort going on between interested parties and Qantas subsidiaries - that's out of the scope of the conclusion I was trying to draw from my analysis. However, chasing silly investments, trying to launch an LCC in HK despite the airport's congestion and domination by CX, or pulling out of Frankfurt despite 90% load factors - is by no means a crime
Correct, its not a crime, however, equally as Joe Hockey has pointed out, its not a reason to put the Australian taxpayer on the hook without a forensic investigation of the books. Now Qantas are actually wanting the government to do something (what that is hasn't been explained in public).
This is AJ's problem in a nutshell. He appears to have been under the assumption that the "simpletons" wouldn't figure it out. Well, those simpletons appear to have enough of the puzzle to make life extremely difficult for him.
Unlike Ansett, this is being tracked analysed & discussed in real time, and the element of surprise is lost. When he goes cap in hand, the politicians know EXACTLY which accounts to view and questions to ask.