Interesting chat with a colleague from a global fund manager. Seems to be a school of thought that the reason The Fed govt is sitting on its hands re QF Sales Act is there may be an imminent privatisation bid from a domestic consortium. The sell-down of QF shares post jobs slashing announcement is certainly not the norm. Given $3bn of liquidity in the company, it would seem that something very fishy is going on in the market, and a consortium could pick up Qantas for a song, at about a quarter of the price APA offered 5 or so years ago. Certainly co-incides with why QF have stopped all asset expansion.