The government will bail them out again, there are too many vested interests in the airline for it to go down. It's a cash cow for the politicians, overpriced supply contracts, "commissions", free tickets and jobs for the boys. However this can't go on indefinitely as the government is virtually broke as well, all the state enterprises have been looted and the debt at the electricity supply commission is threatening the entire economy if it collapses and the supply goes down.
The airline is a reflection of the current state of the country.