It may not be illegal and I am sure it isn't because Qantas has huge resources to ensure the rules are not broken. What is not acceptable is the over $200 million worth of losses that Orangestar made before "it was unable to meet it's obligations" and was taken over by Newstar. Since then Newstar has lost over $300 million up to August 2012. Shareholders need to get angry because when this all hits the fan questions will be asked and as happened in the US the "Assets will go private and the Debt will go public" if Australia wants to have an aviation industry. The consultants will be gone by then! And remember 75% of all Jetstar lease go through Ireland. Dr Pepz has a new fashioned view of ethics, e.g. there is none!