Sorry to hear the news. Having been there some 5 yrs ago, can feel for those involved.
Find it disgusting that ANZ can winge so hard about so called unfair practices by other international airlines, particularly on the tasman and EK. Then can use its size to sustain fares at a below cost level, so driving the small man out.
When ANZ found itself in the same position, it ran off to the taxpayer and was bailed out, there is little justice.
The NZ travelling public now find themselves faced with a virtual monopoly on the regional routes, stand by for the prices rises (Of course justified by $77 a barrel) and cuts in service.
Good luck to those affected, there is life after the event.