Sorry Fallingleaf, could you please explain to me how you sub contract flying out to a wholly owned subsidiary?
While technically you are correct, my argument is addressed at the companies assertion when they closed the Perth Ejet base that 'all Ejet flying will be done by the 737'. This was clearly not the case. The same lie was trotted out again to justify the Ejet decommissioning.
So why VARA may be wholly owned, all those 'Ejet' equivalent commands which are now on a F100 are not really available to VAA flight crew as every FO at VARA at the time of integration has first dibs. So in practical terms, the job security is not really there.