Zoolander I think you'll find most of the money that came from Air NZ was squandered by the two M's in keeping the airline afloat and operating at a huge cumulative loss awaiting those two chumps (Fox & Lew) to start the Tesna ball rolling.
This misguided belief by Corda/Mentha that the airline had to be kept running if it was ever to be resurrected has cost the former employers an arm and a leg - and possibly their livelihoods.
Lied to by Fox/Lew, deceived by Corda/Mentha as well as idiot statements from that ACTU chap Greg Combet (who supposedly stated that Fox/Lew had indeed spent significant funds to secure Airbus aircraft).
Yeah - there went his credibility!
Well, hindsight is a wonderful thing but they should have left it in the hands of the original liquidator that wanted to shut the airline down from the start and either sell the business as a whole or sell it off in pieces.
Everyone would have been better off.