It's now a matter of who can salvage what out of this fiasco. For some it will be the difference between buying their fifth rental property or not.
And for some it will be a question of whether or not they can keep their first home.
One thing is for sure, the current model of seniority is gone.
Once the carcass of Air New Zealand has been picked over and the post mortem is complete, no financial backer is going down that road again.
Seniority if it exists will be on a fleet by fleet and / or base by base basis.
To be honest, if you were investing in an airline, would you buy into Air New Zealand,s redundancy model?