"Only problem with this theory, is that QANTAS has been left in such a perilously weak state from years of neglect and incompetence, that Jetstar may end up (with decent management and an improved product) being the perfect competitor to squash QANTAS."
I wouldnt say competitor more like a constant Leach....9 A320 basking in the Sun in France, 6 regular A320 on the ground in Japan...787 utilisation to the point of ridiculous for a new type...yeah if competition is driving you to bankruptcy due to one part of the "Qantas Group" bleeding you dry then yes..