Deju vu!! - they have tried this before! The problem is 'who is Qantas?' And what do they actually want to 'split'? There is no splitting - just application(s) for new entity...
The ASX listing is QAN , the AOC (216147) belongs to QAN ARN and all the approvals/exemptions etc and not to mention workplace agreements and the employer is QAN (ACN)....
Too hard, costly and complex!!!!!