Makes you wonder why they are "rescuing" Flight West when they need the help themselves! I've also heard SQ are paying the wages at AN.
I think a lot of this is "spin doctoring" for the benefit of the Kiwi government, and the choices they need to make, but I don't doubt that there's an element of truth to it, though how much is not certain.
I doubt if AN will cease to exist, but perhaps it will shut down for a while. Enough time for the "new" owners to write a letter to everyone welcoming them back and, err, PS, here's your new conditions....don't like em, tuff!