I fail to see the logic how, on one hand, they are making staff redundant due to tough times, yet on the other they want to go and splurge money on another airline. Doesn't make sense to me but I just guess I don't see the big picture.
The splurge on the other airline would result in increased efficiency and profits across the Tasman, and probably to the US as well.
We all know that the result will be that the new one class deathstars from Air NZ will do the bulk of the flying because they are cheaper than QF but QF will still get the money.
Spend money, make more money.
Companies are good corporate citizens when it suits them, and unfortunately us employees rank second to the shareholders.