Or it may well be that Jit Cinnict will effectively become Jitstar NZ. It's an established self contained operation with a very low cost base. Domestically in NZ, it's load factors are about the same as Air NZ.
The main issue is the replacement for the 737 classics - don't be surprised to see increasing numbers of JQ A320's rotated through NZ and operated by JitCinnict flight crews.