Possible upside??
I post this possibility purely as I've heard it mentioned as a rumour within the QF ranks (this is a rumour network after all).
What if "the company" was actually the QF Group and the reduced costs with increased flexibility came from a new Management mindset that now sees a benefit in a group wide opportunity list with the ability for Pilots to move within all areas of the Group? A "Transformation" in mindset.
Imagine the flying currently being conducted by Cobham incorporated into QF with the Pilots on the SH award less 20%? Imagine the Cobham Pilots who already wear QF Uniforms and operate QF flights being incorporated into the QF Check and Training system.
I've heard that the contract with Cobham has lapsed and yet to be renewed? Can anyone confirm?