The problem is that the government's broke and doesn't have the money to bail the airline out even if it wants to. After 25 years of looting and pillaging, the coffers of every state enterprise in SA are empty. Even before COVID-19, the country was on the edge of financial collapse and struggling to keep the electricity on. Maintaining an airline will be way down the list of priorities during the coming anarchy, which is already starting with shops being looted and trucks hijacked.
The ANC top brass will have to rely on charter aircraft when the time comes to flee to their mansions in Dubai.