You can redeem on partner airlines.
Here are the airlines:
http://www.qmiles.com/partner_home_a....html?linkpt10
and here are the redemption rates:
http://www.qmiles.com/calculator_par....html?linkpt11
But I just stick all my Qmiles into BMI, because of the usual ease of ticketing on *A flights through BMI. Qmiles are useful if you want to redeem on Eurostar though...