What is quite clear is that private ownership of "65%" of the Australian domestic air travel market is the target of at least one New York Hedge fund. That is why the Board of Qantas travelled to New York a little while ago - to receive their blessing.
Make no mistake, this is the target as is private ownership of the international brand. The poor Qantas shareholders will see the funds received from the hedgies pissed away on Jetstar Asia before the doors are closed on Qantas - the public company.
Meanwhile Qantas private will proceed tor rape the Australian air traveller once again.
Furthermore, knowing a little about hedge funds and venture capitalists it will be a very brave state government who doesn't give them what they want if they wish to receive a decent RPT service. Then of course there is the chance to muscle in on any future resort developments that require an air service....
The possibilities are endless. THe only way to stop it is to open the skies to international competition on domestic routes.